Post
Topic
Board Speculation (Altcoins)
Re: I have 1000 usd , where to invest ,
by
ferdinand50
on 23/06/2021, 10:41:09 UTC
The price of some coins depends on absolutely random things, let’s say, Elon Musk’s tweets, after which Dogecoin skyrocketed. I recommend you to estimate the coin’s reliability first of all. From this point of view, BNB is my favorite. It’s based on Binance company, and the company is very promising. Also, recently, the demand for DeFi token technology has been growing, so I bought Pumpy.farm token, and I believe it has great development chances.   

What characteristics should I pay attention to when choosing new coins which I want to invest little money to start with?   

As for developing coins, it’s better to invest in the ones the supply of which doesn’t exceed 50 million coins. It means that the price will only increase, let alone other benefits. As for DeFi tokens, I only heard positive reviews about them, because they use blockchain and smart contract technologies, and their apps are very popular.