Invesment is always coupled with risk. You may gain or loss at anytime. But investment has a potential of getting high profit. The risk need to be managed intelligently. If you are newbie, start small and little by litle build your portfolio as you learn by experience. Do some research first to learn the ins and outs of the investing before putting your hands on it.
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In theory when the supply of coins in the market is high the price decreases. This decrease on the price will not recover unless the supply in the market will be reduced. And that burning seems to be a better option being implemented to reduce the supply of the coins in the market circulation. It gives us impression then that when the supply is reduced through burning the price of the coins becomes higher.
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You should know how to play with meme coin. Holding for a long period of time may have a high risk of losing them in the future. Although on the other hand holding for a long time may give you a high gain. Now be watchful to the movement of the price in the market. If it seems to have a good price and you can gain a profit better to sell your coin rather than losing them in a non-reasonable situation.
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As of now I am using binance because for me it has a good user interface easily understandable for both the beginner and advanced user. It has a lot of cryptocurrencies to chose from for trading etc. Binance has the lowest transaction fees in the world among exchanges.
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This ranking is an update as of December 22, 2021 based on their market capacity The same ranking are posted in Marketcap.com and coingecko, I listed here the top 10: Rank 1: Bitcoin Rank 2: Ethereum Rank 3: Binance Coin Rank 4: Tether Rank 5: Solana Rank 6: XRP Rank 7: Cardano Rank 8: USD Coin Rank 9: Terra Rank 10: Avalanche
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Dogecoin is rank#12 and Shiba Inu is rank#13 by coinmarketcap as of December 22, 2021. A very close fight. On a question of which is better for investment? For me, both of them are good. But again before putting your money you need to do some research about them so that your decision will be well guided.
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No question, investing in a new project is the option that gives you high return. However, there are things you need to consider before investing in a new project like the project itself, if it has a good potential to grow. You need to do some personal research especially the whitepaper of such project you want to invest in. You also need to check the background of the development team especially their previous projects that have been successful.
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Every investor does not want bear market. However, in the spirit of balance bear market will just come because there’s a bull market. Bear market is scary but investor should not run away from it. It should be handled intelligently by first understanding the different factors that cause with the bear market. The bear market will bounce back eventually in the right time, waiting patiently is the key.
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The initial step that you to do is to look for the launchpad website to find crypto projects. Then look for the projects that seems to have a promising future. Do some personal research about the project especially its whitepaper. One thing that you need to check is its project team’s background especially the previous projects that they successfully implemented. Don’t be a victim of a rug pull by doing your research and good judgement before getting your first coin.
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In long term investment with altcoins your asset will be locked for years which means you need to be patient for a long time of not withdrawing your asset but in exchange of higher rewards. Market moves up and down but the long term investment will surely gives the you high profits in the long run. However, knowing that there are thousands of altcoins available in the market today, so, you need to choose the right altcoin for you that will also last long in the market.
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It is expected that the MATIC will soar high for 2022 and beyond knowing that there are lots of projects carrying it and more are coming expectedly. Its price may be predictably reach $2 plus in the first to second quarter of year 2022 given a steady trend. MATIC may be worth to invest next year but of course you need to do some research about it before you invest.
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Yes it is worth a shot, its listed as the rank 14 coin in coinmarketcap and the price is slowly being bullish and is . I think the best time to buy a matic is to wait for it to go around 1.8$ but it depends in your decision. Buying coins also comes with trust from the devs, partners and backers.
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To answer it short, some NFTs can last long and some cannot. It depends on the developers and the team who made the project because they are the one who is controlling their own market. They need to implement new features and modes to keep people interested in their project so that more people will invest and make the project long term. There are also projects that doesn’t last long because of the developers’ negligence.
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Market went down in these past few weeks mostly because of the Chinese regulations that was implemented. We all know that China is one of the largest contributor in crypto and if the Chinese central bank banned the use of cryptocurrency the prices will surely go down. But don’t worry this is not the end of crypto, we can view this as an opportunity to buy while the prices are low and hold.
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There are lots of play to earn games available today. Some are free to play while others require players to spend money before they can play. There are advantages and disadvantages to both. Usually free to play earnings is somewhat lower than those that require players to invest. No wonder why axie infinity got the big slice.
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I would suggest for ADA and ALGO. ADA price as of this writing is $1.31 a very affordable price for investor with limited capital and its supply in the market is not so high, there are more rooms for investment. The same is true with ALGO of algorand, the current price per coin is $1.43 where you can buy lots of coins for your small capital. This is I think advantageous for those that trades cryptocurrency.
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It’s not easy to predict but for me cardano and algorand. Cardano has a robust blockchain architecture that is more adaptable, scalable, and energy-efficient than others. This year it performed better, although there are downs but generally that’s because of major crypto players crashing down. Another altcoin that is worth to watch growing is algorand because of its public version which was designed to enable other developers to create new kinds of applications fueled by cryptocurrency.
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One of the earning options in crypto world among others is staking where your coins are stored in cryptocurrency wallet to earn a reward in the future with less effort. After staking your coins in a certain exchange, all you need is to wait for the price of it to move up and have your earnings. There are lots of exchanges where you can do coin staking like coinbase and binance to name a few.
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There are 2 ways that I personally like, the first one is buying and selling of crypto. You buy the dip and sell the high, you will not lose a lot of your assets if some coin falls, you can just easily dispose the coins when things are going south. The second one is investing your money in NFT games such as Axie Infinity, Thetan Arena, Pegaxy and many more games. This gives you passive income, just make sure that you do your research before investing in a particular game.
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There’s this game called MIR4, a free-to-play MMORPG game where you can earn depending on your effort. This game can be played in both desktop and mobile and also supports crossplay. You need to mine around 100,000 darksteel to convert it in a coin called Draco that has a value of 0.3 USD as of December 20, 2021. Although the profit is not that much, it is still worth it for a free-to-play game.
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