Post
Topic
Board Altcoin Discussion
Re: Promising altcoins?
by
Abiky
on 04/09/2023, 10:50:23 UTC
Everything is promising if BTC goes up, so instead of waiting for BTC to go up why not invest in something that is clear and certain buy BTC with DCA Method. Most people who like to invest in crypto now get too many expectations and like to try to take something that has just been born (shitcoins) and sometimes they are not sure where it will end up. I think, just a waste of time just look at the chart and the price in the end.

Altcoins usually follow Bitcoin's "footsteps". To experience major changes in market prices, BTC must go all the way to the moon. I'd say a promising altcoin is one that delivers as intended. It's not driven by hype, but rather concrete results. With real use cases, an altcoin could retain its value for long.

I'd choose altcoins that are focused on decentralization more than anything else. That's because they have a high chance of surviving the tide. ETH is one of those altcoins (although it's becoming centralized), alongside LTC and ADA. Don't make the mistake of investing into an "overhyped" coin with an uncertain future. I'm talking about "meme" coins (Dogecoin, Shiba Inu, etc) and Solana. No one can tell how the market will react to mainstram events, especially because of crypto's unpredictable nature. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion Smiley