Evaluating the of Crypto For Investment

[Mika]

There are thousands of crypto assets, however, you cannot just pick up a random asset and start investing in it. You will have to choose the asset based on their profitability. The profitability is determined by the actual value of the asset. The value of a cryptocurrency is primarily determined by its purpose and use case. Understanding why a certain currency is created and what are its practical applications contributes to its overall value. Likewise, you will also have to check additional factors like including circulating supply, maximum supply, market adoption, trading volume, and number of exchanges that have listed the asset also influence the value of a cryptocurrency.

 

[Suba]

Before you invest in crypto, you should determine your risk profile, your investment goals and also the skills you have. An aggressive investor who has the expertise to evaluate crypto such as tokenomics, objectives, project antiquity, number of users will certainly choose the short term or less than 3 months, Of course you will choose crypto with high volatility or ICO. But if you are a moderate investor, it is better to choose well-known cryptocurrencies such as Eth, Btc, BNB.

 

[ImamShaheb]

There are options which don't actually have legit usercase like BONK,RATS , I do have these as well as BGB(Bitget's Native token)... All of these are performing ❣️