Choosing right projects to invest in

[SONĆEK]

I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?

[Gormicsta]

I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?

All the tokens you've listed above are good projects with a highly potential future, I understand why you're finding it difficult to choose which to remove.
Although, in as much as they all have potentials, there are factors to consider in other for you to know which tokens to remove and which to keep.
Everyone has investment goals even before they start their investments, you can't just wake up one morning and start investing without an investment goal, so I'll advice you go through the tokens' road map and find the ones that align more with your investment goals and then you can remove the ones that are in less/not in alignment with your investment goals.

Again, you need to consider the coins' market capitalization as well as the liquidity.
Like I said earlier, look at the road map of each coin and know which one has a better future, I believe if you put all these into consideration, you'll make the best choice on which token to leave or remove.

[vegasus]

I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?

2 coins that need to be removed?
In my opinion, the most that can be removed are:
- SHIB
- ZRX
Apart from that, at least they have a strong team and concept. It is possible that on the other hand, all altcoins have high risk, although none is without risk, but there must be a choice based on top coins.

[DabsPoorVersion]

SHIB and ZRX are not the altcoins you should buy in the market. You should replace it with a better altcoin. ADA is one more altcoin that you should not consider and is better to remove because it has a lot of criticism, and its price movement is also concerning. It might be worth buying other altcoins such as LTC and ARB, this is a better fit to add to your bags.

[Litzki1990]

Most of the coins you mentioned are perfect to invest in but there are some coins that it is better not to invest too much money in. You can keep SHIB coin in the list of possibilities and don't invest extra money in this coin but invest $10 to $20 in this coin. Since we don't see much change in this coin after few years, investing extra amount of money may get stuck in this coin. So if you can invest $10 to $20 in this coin then there is a possibility of some profit because if the price of this coin decreases by one zero or two zero then the profit amount will be much higher.

[JoyMarsha]

OP, before suggesting to you the coin to remove, you can tell by yourself, the profits or losses of the coins you have made in acquiring all the mentioned altcoin investments of yours.

By doing this on your own, you can tell by yourself whether the coin that you invested in a long or short period, has done well or badly in price since you bought them. And that makes you have to rethink them as a crypto investment to remove a few from your crypto portfolio.

My two types of altcoins to be removed based on market conditions will be, Shiba and Ada.

[Aanuoluwatofunmi]

I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?

If all the coins a d tokens you ha e mentioned here, am not only used to two of them xlm and zrx and they the ones Iay suggest to you to exclude from the list, other ones ha e strong market stand and performance you could not afford to fear for any reason while making investment in them, also, you should not forget that the way the whole crypto market is requires us in making research before starting on any investment of our choice, and each has it's own level of risk since we are dealing with a volatile digital market on this.

[Dr.Bitcoin_Strange]

They are all good coins which I think can be able to see a little or huge surge respectively in the bull market. Although XRP is a coin am not usually certain about but I suggest that you invest a little amount in the two coin which you want to take out because you are not sure the one that can become very profitable for you.

[Stompix]

Some of those will suffer the fate of other coins that were once at the top and have died a slowly and painful death without anyone caring

ZRX is trading at --87.26% from its' peak, it barely managed to get to the same ATH level in 2021 as in 2018.
Polkadot is also losing steam, it was at $54now it's trading at $7.xx, hardly showing any kind of pumping other then the usual market movement, it was a top5 coin, then a top 10 and maybe a top20 later this year.
SHIB is..common...this thing could go up by 200% in a day or down to 99% and nobody would be surprised.

Now, not looking at the price evolution or else, the one I wouldn't want to have in my wallet no matter what is XRP, that's a centralized currency I don't want to touch.

[Lucius]

~snip~
Now, not looking at the price evolution or else, the one I wouldn't want to have in my wallet no matter what is XRP, that's a centralized currency I don't want to touch.

All altcoins are centralized, but this is not a problem for those who want to trade with them, because nobody cares too much who is behind a project if they can make money from it. Of course, there are altcoins that are backed by institutions that may not be too dear to us, but for some, this fact is actually an advantage for investing in these altcoins.

You can still read from time to time how some people are fascinated with CBDC and think that these currencies supported by central banks will throw Bitcoin and altcoins out of the game, which of course does not make any sense.

[Stompix]

All altcoins are centralized, but this is not a problem for those who want to trade with them, because nobody cares too much who is behind a project if they can make money from it.

I wasn't even going that far away, somebody interested in holding any of those for sure isn't fascinated by the premise of spending them of keeping in a cold wallet, the thing is that even if you're trading with those over centralized coins you're going to take a hit based on an event involving a single person or entity.
CZ goes to jail for example, BNB is going to take a serious hit the moment the news hit the markets.
Just for the sake of an example, not that I wish it, the same happens if Buterin is involved in an accident.

You can still read from time to time how some people are fascinated with CBDC and think that these currencies supported by central banks will throw Bitcoin and altcoins out of the game, which of course does not make any sense.

I see your CDBC bet and raise you guys who "invest" in USDT, a thing that made my brain force a factory reset to preserve whatever synapses I have left and stop really caring about that topic or them altogether.

[Lucius]

~snip~
CZ goes to jail for example, BNB is going to take a serious hit the moment the news hit the markets.
Just for the sake of an example, not that I wish it, the same happens if Buterin is involved in an accident.

You are very likely right, although CZ is no longer formally in charge, so that fact in synergy with the army of followers of his character and work may keep the whole thing on the surface. No matter how you look at it, his CEX is still one of the most popular among the masses.

However, the truth is that all these projects have risks in their owners, and Satoshi was intelligent enough to understand that, and that is why Bitcoin has become the cryptocurrency that most people trust today. If memory serves me, Vitalik announced a few years ago that he would step down from his position, but that did not happen.

[usdt1M]

SHIB gained attention as a meme token and is often associated with speculative trading. It might be considered more of a high-risk investment compared to other projects on your list. While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.

[Z-tight]

While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.

Even if or when all that is resolved with the SEC, i would never recommend xrp to anyone, not like i do recommend any altcoin to people, but xrp is a big no, i don't see any reason why anyone should store that centralized shitcoin. Op take note that when investing in altcoins, it is difficult to say this or that coin is good, because it could be good and rising today, but tomorrow it is a dead project, it has happened many times and it will continue to repeat itself because most of these coins have no real world usefulness.

[Tribalchief]

While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.

Even if or when all that is resolved with the SEC, i would never recommend xrp to anyone, not like i do recommend any altcoin to people, but xrp is a big no, i don't see any reason why anyone should store that centralized shitcoin. Op take note that when investing in altcoins, it is difficult to say this or that coin is good, because it could be good and rising today, but tomorrow it is a dead project, it has happened many times and it will continue to repeat itself because most of these coins have no real world usefulness.

I think the OP has to realize that no crypto project has the word Legit/Right written on it. I clearly understood your reason; why you don't suggest xrp to others, but I might personally want to buy some for myself when considering to take risk. I remember when XRP almost hit $1 mark, which means some people made profits from it, but that doesn't mean that we should go for projects facing issues either. It's all about the level of risk, because things can turn either ways.