When you want to invest in a new project, you should first know how the project is, what the future plans are for the project, and most importantly, who is behind it and who is working on the project.
Because as we all know, new projects are potentially fraudulent, and new altcoin prices are very easy to manipulate! so don't be surprised if the price of a new altcoin will rise quickly, but in a very short time, a drastic price drop can occur.
Indeed investing in altcoins that are clearer will be lower risk, just like investing in BTC ETH, and BNB this might be the best investment choice for now.
But that doesn't mean that the risks experienced will be smaller, because as we know, crypto prices can go up and down drastically.It all depends on how you take into account your finances before investing because this is very important how you can minimize the risk of further loss.
The foundation of any sound investment strategy rests on understanding the project, the team behind it, and their roadmap. But are we not missing a critical component - market sentiment and volume analysis?
The fear of new projects being scams is absolutely valid. Altcoins come and go like shooting stars! They rise to astronomical heights and then plummet into oblivion. Why is that? Is it not the reckless speculation and pump-and-dump schemes that wreak havoc?
You advocate for investing in safer options like BTC, ETH, and BNB. A good advice, no doubt! But isnt it a bit conservative? Crypto market is not for the faint-hearted, right? Do we not thrive on the thrill of volatility, the promise of high risk and high reward?