How can I choose which cryptocurrency to invest in?

[Bobcrypto]

As a matter of facts, choosing cryptos for investment is strictly an individual plans and strategies. As will can see on the market, every coin/token has their use cases, and as such, it depends on what in individual what to achieve wether on a short or long term basis. Choosing a crypto for investment normally start with research about the coin/tokens to determine the project plans and the coin/tokens usercase. I think this is where decisions comes in and selections based on choices.

[KryptoBull]

Everything depends on your understanding and investment criteria. If you want to be safe, BTC is the best choice. If you are willing to accept higher risks to get better profits, top altcoins like ETH, SOL, XRP, ADA are suitable. I think those are the tokens that you can choose for the category. If you want to experience some interesting things: choose the best tokens according to the criteria: trend, tokenomics, team, partners.

[Ehyowiz]

Everything depends on your understanding and investment criteria. If you want to be safe, BTC is the best choice. If you are willing to accept higher risks to get better profits, top altcoins like ETH, SOL, XRP, ADA are suitable. I think those are the tokens that you can choose for the category. If you want to experience some interesting things: choose the best tokens according to the criteria: trend, tokenomics, team, partners.

   Investing in Bitcoin is a very good idea couple with that the fact that it comes with its ow benefits. But then since bitcoin is now expensive to have, unless you’re looking out at investing with huge capital you can invest in other less expensive coin to yield better profits with your little capital. They are other opportunities in the crypto space that you can jump on, you just need to DYOR so you won’t get burnt. Cryptocurrency comes with its own plenty benefits, it’s never too late to venture in any of the projects as long as you’ve done you research.

[sampoerna]

One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.

Personally, the first thing I would choose is Bitcoin. Bitcoin is the first and main priority for investing in crypto, no matter how much it is, it will be quite valuable in the future.

Then when we talk about altcoins, I will prefer top coins. Like Ethereum, BNB, XRP, automatic, and maybe ADA. Then for the short term, maybe we can think about projects that actually have short term potential, but unfortunately this is quite a risky method and it is better to avoid it if you are in doubt and are not high risk takers.

[Rembroman]

You need to search the forums for discussion of various tokens and then do your research. For example it helped me so much to find my gem TFS token, still allows me to profit from their large APY. But I advise you to check and research everything yourself

[shuvenker999]

Choosing the right cryptocurrency to invest in can be a challenging task, as there are thousands of cryptocurrencies available, each with its own unique features, risks, and potential rewards. Here are some key factors to consider when evaluating cryptocurrencies:

1. Purpose and Use Case
2. Market Capitalization
3. Liquidity
4. #DevelopmentTeam
5. Security
6. Adoption

Remember, cryptocurrency investments are speculative and carry significant risks, so it's important to thoroughly research and evaluate your options before making any investment decisions. Additionally, diversifying your portfolio and only investing what you can afford to lose can help manage your risk.

[vegasus]

Indeed, it will be quite difficult to choose coins that are based on market cap because basically there are so many altcoins which can be confusing. Moreover, if we don't understand how it is done, it will be confusing. But lastly, only choose top coins. Bitcoin, ETH, BNB, ADA, XRP. Matic

[masudginanjar]

https://coinmarketcap.com/currencies/shiba-inu/

SHIBA, maybe I would suggest the SHIBA token to be the choice of the owner of this thread because logically this SHIBA coin is still cheap and is still on par with very cheap coins such as BONK, Baby DOGE etc.
But the risk of the SHIBA token is that this token still has ongoing development and SHIBA is also a token from ERC20, whose parent is Ethereum.
But it all comes back to each of us because I am just suggesting that I am the Hodler of the SHIBA token.

[bettercrypto]

One way to select your next crypto investment is to look at the current market capitalization. This will not only show which cryptos are ranked the highest right now but also the curve of their value. Be aware of events around the world that affect the prices of cryptocurrencies.

If you are a beginner in an industry like this in the crypto space, you should base your choice of cryptocurrencies on the platforms of Coingecko, CoinmarketCap, and Crypto.com. The top 30 altcoins that are listed should be the basis of the top 30 listings on their platform.

And in this way, at least the risk of the capital, which is our capital, will be reduced. But of course, we still need to do our own research so that we can see if it has potential or not and so that we don't get scammed by exploitative scammers.

[zilzylian]

You can choose many tokens that are not yet registered on CoinMarketCap, for example tokens on the Solana network which are currently in hype, there are a lot of risks when you choose a new token, but I suggest looking at what the project idea is and making sure it has an active community on Twitter or Discord.

[MrSpasybo]

Investing is to make profit, so safety and growth criteria should be fully considered:
+ Project team
+ Problems, project ideas and solutions
+ Potential market of project
+ Tokenomics
+ Participation of major partners
+ IDO, IEO, AMA events of the project
+ Project's position in the ecosystem: native token or regular token
+ Trends that the project can participate in: Defi, RWA, GameFi...

By understanding these factors well, investors will be able to make decisions more easily regarding the choice of token and the amount of capital for that token. In addition, expectations about take profit price and stop loss price also need to be determined right at the time of investment initiation.

[TopT3ns]

Investing is to make profit, so safety and growth criteria should be fully considered:
+ Project team
+ Problems, project ideas and solutions
+ Potential market of project
+ Tokenomics
+ Participation of major partners
+ IDO, IEO, AMA events of the project
+ Project's position in the ecosystem: native token or regular token
+ Trends that the project can participate in: Defi, RWA, GameFi...

By understanding these factors well, investors will be able to make decisions more easily regarding the choice of token and the amount of capital for that token. In addition, expectations about take profit price and stop loss price also need to be determined right at the time of investment initiation.

The criteria you mentioned are very correct, and this explanation gives many people the knowledge to enter the world of cryptocurrency so that they always make a profit and don't get trapped in low-quality projects. The price of tokens or coins from a project will develop automatically depending on the quality and use of the product. That is, when the product is very popular with many people, it will provide quite high value.

[Jaephoenix]

Depends ultimately on your greed levels and your risk tolerance. If you decide to try and get rich quick, damning all consequences and following the high way, you can try the low cap tokens which consists mostly of meme coins or shitcoins.
Then if you want to take it easy with low risk tolerance and greed, do the high caos which consists mostly of the  top 10 coins on coinmarketcap

[jonathancool220]

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The criteria you mentioned are very correct

He is very smart and experienced because he is also an expert in cryptocurrency trading, I often see him explaining charts about cryptocurrency trading and it always looks very complex and contained.
So, naturally he can explain in detail the cryptocurrency options he mentioned to choose from but OP also said that cryptocurrencies, not altcoins because cryptocurrency is a whole and we can also recommend Bitcoin to buy and invest.
But if I were to choose which altcoins I would choose, Ethereum because almost all the factors of cryptocurrency are in the Ethereum coin, it's a little different from Bitcoin because Bitcoin's creator is not known and Ethereum's creator is known, namely Vitalik Buterin and there are lots of features provided by it. Ethereum is currently on the ERC20 network.

[vs2014]

The number of crypto users around the world is now increasing as investors influence the price of cryptocurrencies so the crypto market will have good results in the coming days. However we buy tokens when the market is down with the thought of profiting from the bull market it is mostly profitable. But if you look at the losses, you can see new investors who invest in bad projects without realizing it in the first place which results in losses.