Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
The market looks better now. I'm always prepared for any outcome when investing, so my confidence remains high. If the market dips, I'll DCA and make more when prices rise. It's best to stick with top altcoins that have proven themselves over time. When the bull run arrives, not all altcoins will perform well. Choosing coins with strong backing and use cases will benefit your portfolio in the long run.
Choosing a top altcoin is the best choice we can make, where they have popularity and also a market capitalization that can show that they are very strong and able to compete with other altcoins, but you need to pay more attention to the project so as not to choose the wrong altcoin, even for projects that are in the top 10, we know Luna is also a very good coin and was once in the top 10 but they got destroyed in just a matter of hours.
Even if it's a top 10 altcoin you have to look at the project, don't just buy and don't just because you hear other people talking about altcoins that are potential to buy, you have to see for yourself the projects they are working on along with the ecosystem and also keep an eye on the development of the project, it will help you to be more confident in investing your money.