Hello everybody. For now, I'm actively looking for projects to invest in, and I want to ask your opinion about small projects? Does the risk justify the profit? I'm thinking of investing in projects related to the metaverse and a checkdot that deals with auditing. What do you think about this decision?
I would suggest to stay away from small and upcoming projects. The risk it too high! Currently we have 16,000 odd cryptocurrencies in the market and hundreds of new projects are puring in every single day. It's extremely hard for the project team to get any visibility in this super competitive market.
Rather invest in such cryptocurrencies which are known and you can research about their businesses and vision. Then your investment will be relatively safer!