The cryptocurrency industry is evolving, greeting many new interesting and promising digital assets and projects to invest in. It may be difficult for a novice investor to pick a worthy asset, so this article will help evaluate and select good crypto coins.
As you might have noticed, this market is incredibly unstable – crypto prices change daily, and even every minute, you can see price changes. This increased volatility allows people to generate income using different trading strategies. That may be a daily strategy when assets are bought and sold within 24 hours, weekly, and even 15-min strategy. Depending on your skills and purposes, you select the best suitable trading style. Picking and adhering to a plan is crucial in successful trading, allowing people to be consistent in their actions.
Which Cryptocurrency to Invest in?
It is a popular question, especially among beginner traders. It is important to understand that mega-cap coins such as BTC and ETH are the best for long-term strategies, while middle-cap assets are perfect for short-term investments. Here is the list of the most promising coins to buy:
- ETH
- SOL
- ADA
- DOT
- NEO
- TRX
- LINK.
When picking an asset for investment, pay attention to:
- The technology underlying the project
- Real use cases
- Market capitalization
- Supply
- Price chart, max and mix indicators
- Social networks, community.
How to Invest in Cryptocurrency?
Once you are determined on the asset you want to buy, you should pick a reliable platform. An example is WhiteBIT – an official crypto exchange with registration and compliance, audits, and certificates. WhiteBIT is secure and intuitive for beginner traders. It also offers its native WBT token to deliver discounts and wider earning options for WBT holders. By the way, the token’s price is growing, and its supply is limited. Given that the WhiteBIT exchange is expanding and entering new markets, its token has a high chance of reaching the moon, so think about adding WBT to your investment portfolio.
What is the process of crypto investment?
Here are the steps to follow when buying crypto:
- Register an account and complete the KYC process.
- Attach your bank card and transfer the desired amount of funds to your account.
- Go to the trading section and use the calculator to select the asset you wish to buy and the currency in your account.
- View the current market price and transaction fee for your trade.
- Pay the fee, and your crypto coins will be added to your account within seconds.
- You may choose to move your coins to an offline wallet, such as a ledger, if you prefer not to store your funds on an exchange. Alternatively, you can trade and convert your coins to other assets to generate income.
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