is this coin a good investment? I am new to crypto, I hope someone would like to advice. Thanks.
I would never just listen to advice from random strangers if I were you. If you ask for that kind of advice at Wall Street, they will take your money and leave you with nothing....the cryptomarket can also be like that...especially for the smaller ones out there. It is thus best to always do your own research. That way you do not have to be confident about your investment, because someone else says so, but because you personally researched it. I would however recommend holding long term instead of day trading.....that should be easier and safer.....especially when you are new. What you need to ask yourself of any cryptocurrency you buy is whether you are confident that it has competitive advantages that set it apart from the competition and if those advantages are worth it at a given price.
I know this is not the advice you were looking for, but this kind of advice is more useful in the long run. In any market where a lot of money circulates, there are also people with ulterior motives. Some are even paid by others to spread certain news and they might even operate in groups to increase their credibility. The cryptocurrency market might not have a lot of that yet as it is a relatively new market, but as parties from Wall Street will perceive the potential, you probably will see more and more of that in these kinds of markets. So always be careful and if you do decide to listen to other individuals, make sure you check them out as good as you can.
To be a truly good investor, you need to know all about all facets of business, but also all about power and more specifically how certain groups can take advantage of others and what those others can do to prevent that. Take for example the recent rumour about Ethereum that Vitalik Buterin was dead....this is an example of an individual who sought to damage the price of Ethereum and did so successfully.