Before wildly throwing your money at whatever shitcoin you think has the chance to pump for some quick profits... Why not buy altcoins that you actually need to use for something? Want to own land in the metaverse? You'll need SAND or MANA. Want to purchase NFTs without breaking the bank on gas fees? You'll probably need MATIC. Want to own top tier NFTs without worrying about gas fees? You'll need ETH. Want to stake liquidity to benefit from all the DeFi nonsense popping up out there? You'll probably need UNI or CAKE. Want to profit from Bitcoin exchanges? You probably need BNB. Want to benefit from play to earn games? You probably need AXS.
There are lots of things you need if you want to do things in crypto. My advice would be to invest in one of those. Throwing your money at worthless shitcoins making big promises is going to leave you with big bags of tears and nothing more. Be wise. Buy what you need to use. Don't invest in empty promises.
Hi OgNasty, thank you so much for your feedback, explanations and your recommendations! You are definitely right, for a long term invest I should focus on some potential use cases of these project. So do you think $KDA is such a kind of shit coin?
To be honest, since 2017 I have always focused on the use case for investments but then some projects did not develop as expected. Partly because also simply the community and popularity was missing, and in the same time real shit coins and meme coins have developed in terms of price really nice. But you are definetly right, your named used cases could become huge this year and could lead to great prices for some projects.
I would like to use still unknown project, which are listed on new exchanges and thus increase in price. Do you have a recommendation here as well?