Hello,
In your opinion, is following list good for a short or medium term investment?
Any idea welcomed.
Thank you.
I have another thought, to make a short or medium term investment, you should use a major coin. in this case because we don't know when the altcoin season is coming. especially during bears season like today, where altcoins seem to be difficult to rise, by choosing coins that have a low market cap, it is easier to manipulate. in the short term of course we collect a little profit, so I think security is the main part
precisely in a bearish situation like now is the best time to buy because most crypto prices are currently down. Investing in new altcoins is indeed high risk because the daily volume is still very small and prone to manipulation but that does not mean we have to stop investing in new altcoins or altcoins with small daily volumes because new altcoins are able to provide greater and faster profits than large altcoins.
There is a coin or token that is the only one that catches my attention that I think can get some profitability out of it is the SLP, since it is the only NFT game under which those tokens are mined.
But since all the NFT fever has passed, I think it is now difficult to continue generating them, I don't know if the declarations of the creators of the Axie Game made them lower the price because the ones they had accumulated sold long before the fall of BTC, and those who continue to generate SLP are still betting that it will rise in price, however I think that as BTC rises in price, SLP will rise.
I agreed with you, SLP is the only NFT that are has a huge marketcap and also known from every country. The only good thing is that they control of the distribution of SLP and lessen the circulation which means it could probably go up again.
Still waiting for the Origin to come out and check if the value of SLP and AXS will go much higher or hit ATH (If ever).