How can I choose which cryptocurrency to invest in?

[dekafee79]

I agree that market cap is an important thing for choosing a coin to invest in. It's a way to determine if a coin is very volatile or not. And this is what I've been looking for when investing a good coin. But using market cap solely to invest a coin is not reliable, because there a coin who have only have few holders even though they have huge market cap, they can easily dump a coin if they want. So it's good to have a screening to a coin you are going to invest.

Yes, you are right, before purchasing cryptocurrency assets, the best way is to look more deeply at the supply and what products are being developed in this project, and to look at the team behind this coin. Sometimes the coins created are often used by irresponsible individuals to trap new traders who don't fully understand the exchange.

Research and analysis must be done before buying coins, because we have to understand what project we are going to buy coins for. if I don't intend to buy coins or tokens from new projects, I prefer to invest in top coins, of course this is a project that has been popular and old, there is no doubt there

[Primo1760]

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.

Of course I focus on the most popular currencies to see which cryptocurrencies to invest in. For example, I focus on the top coins on CoinMarketCap or the top exchanges. Also I invest very little in new projects I always focus on Bitcoin and Ethereum to invest. Because Bitcoin and Ethereum are the most popular and less risky to invest. But for investing it is always important to look at how much influence the market has had and how much influence it may have in the future. Also if a person is focused on bitcoin and ethereum I don't think he needs to remember any other way or any other way to invest.

[Fivestar4everMVP]

For me, the project is very important, so I've never been a memecoin fan. For example, the last token I bought was Cirus. The team works in web3 and AI and they are constantly developing.

Well, like it or not, meme coins over the years have proven to be a very important part of the crypto currency ecosystem, and the sooner you realize this and try to take part in the good ones to enjoy the reward that comes with it, the better for you.

I particularly picked your comment to reply to because I was once exactly like you, I ignored meme coins for years while I was by the side watching it as it made alot of its investors millionaires in their various local currencies, while I kept ignoring and missing out on really good opportunities.

What I did advice you is, don't ignore any narrative in crypto currency investment, make sure to invest some money in every crypto currency narrative, no matter how little, for you never know from which of this narrative you will make your most gain from.
Like I said before, I ignored meme coins for several years because I consider them shit, but after missing out on several good opportunities, I decided to start putting some small amount of money in meme, and surprisingly, I am currently in huge profit on every single meme coins I've invested in the past months and weeks, meanwhile some of my investment in technologically backed crypto currencies are still down below my initial entry price.

[IvugeoEvolutionCoin]

Research and analysis must be done before buying coins, because we have to understand what project we are going to buy coins for. if I don't intend to buy coins or tokens from new projects, I prefer to invest in top coins, of course this is a project that has been popular and old, there is no doubt there

It's true, by doing research first before buying coins you can prevent buying coins that don't have profit potential. However, right now I don't need to do that because I'm currently more focused on Bitcoin and want to enjoy the profits from the upcoming Bitcoin halving. few more days.

[Jamal Aezaz]

It's true, by doing research first before buying coins you can prevent buying coins that don't have profit potential. However, right now I don't need to do that because I'm currently more focused on Bitcoin and want to enjoy the profits from the upcoming Bitcoin halving. few more days.

Buying of coins is easy if you have money but the main thing is that we have not to buy every type of coin and choose a basic coin after a complete research. Research well because the objectives of every project is not achievable that are present in the whitepaper of that project so be careful in choosing any project.

If you are more focused in bitcoin investment then surely you don't need any investigation about it but you should just control your emotions and plan a target for selling otherwise bitcoin will be risky too for you if you are unaware of the fundamentals.

[yohananaomi]

Research and analysis must be done before buying coins, because we have to understand what project we are going to buy coins for. if I don't intend to buy coins or tokens from new projects, I prefer to invest in top coins, of course this is a project that has been popular and old, there is no doubt there

The main requirement when we really intend to invest in a new coin, is a good analysis of all aspects that we can know, especially who is behind the project. But it is true that currently investing in new coins is very risky and many are scams, even though the profits provided may be quite tempting. It is indeed better to invest in certain ones, in potential coins that are available quite a lot with smaller risks. What we are looking for is the profit we can get from investing, so always remain selective.

[1020kingz]

First thing you would consider is the team behind the project and all other documents of the project (social media, whitepaper etc.). Next is the utility of the token or coin you want to invest in. Also you can check what platforms their project backed up (VC, or other solid projects or exchanges). So far these things you must consider before choosing coin or token to invest.

[jamadrianne]

You have to look for the infrastructure of the project, which consists of Market Capitalization, Volume, Tokenomics, Roadmaps, Community Size and etc. This will help on how to choose a good project to join in. We have to keep in mind the risks, DYOR. Cheers!

[LUCKMCFLY]

First thing you would consider is the team behind the project and all other documents of the project (social media, whitepaper etc.). Next is the utility of the token or coin you want to invest in. Also you can check what platforms their project backed up (VC, or other solid projects or exchanges). So far these things you must consider before choosing coin or token to invest.

Yes, those things are very important, but I think it is also important that you have to see very well where they will be in the exchanges, if it is a centralized exchange and the better, they don't like decentralized exchanges when it comes to new projects because it is It is very difficult for them to generate trust, they always rely on decently organized exchanges and promises to have them listed on Bianance, Kucoin, among others.

I like Projects that have some backing , for example Projects like casinos, but I hope they don't fail, that's the best, however I'm Always going to lean towards those that see a lot of future in them and that's where they benefit the most. study the way the characteristics that you say are very important.

Now more than ever we should see the things that concern us, like the capitalization of the market, how many clients they have, how much community they have, All that matters.

[yohananaomi]

First thing you would consider is the team behind the project and all other documents of the project (social media, whitepaper etc.). Next is the utility of the token or coin you want to invest in. Also you can check what platforms their project backed up (VC, or other solid projects or exchanges). So far these things you must consider before choosing coin or token to invest.

What you have described in detail is what everyone who wants to invest in a new project must do. It is a standard that must be carried out and must not be missed in the slightest. But be careful. Currently there are many projects that manipulate everything by copying and pasting from other projects, and if this is not researched properly we can be deceived, more and more every day the fraudsters know where and what they can do to make a profit.
Always be alert because fraud is a livelihood that is very popular with those who want to cheat.

[FOKA33]

Few ways of choosing the right cryptocurrencies are;
a) Blockchain technology
b) supply capitalization
c) decentralized applications/DAPPs
d) market capitalization
e)roles of exchanges etc
And research more on new project and do your own research.

[Mr. Magkaisa]

        -    That depends on the research you will do op, there are many things you can do to find out if a coin is legit or not, there is the google search, there are others who use coingecko, cmc, and others, and others they look at its review on trustpilot,.

When you see it in the whitepaper or road map, you think it's fine and you see that there are many communities and active in social media platforms or groups like discord, telegram and others, then you decide if it's fine for you. this apart from being listed among the top cryptos in the market.

[Kemarit]

Everyone has said their piece here, just a matter of question whether we executed it based on our suggestions. Or perhaps we don't complicate thing but just going into the top 10 coins in the market today and that's it.

As a old investors here or been in the market and see projects that really took off, I will say that those that are unique and the first as what we call prime movers will survived in this environment and will have many investors and obviously will keep their spot on the top 10 or top 20 and prices will go up.

[debra]

When you see it in the whitepaper or road map, you think it's fine and you see that there are many communities and active in social media platforms or groups like discord, telegram and others, then you decide if it's fine for you. this apart from being listed among the top cryptos in the market.

No guarantee the projects are good although the roadmap and whitepaper look convincing. I've experienced many projects that have great whitepaper and clear roadmap, but they also end up with a failure. Most of the projects have the problem on the consistency in developing the projects. The projects are only good in the whitepaper, but in reality the projects are never implemented the same as in the description in the whitepaper. So, be careful and do more complex research! Don't too easy to believe in the whitepaper.

[Gladitorcomeback]

Everyone has said their piece here, just a matter of question whether we executed it based on our suggestions. Or perhaps we don't complicate thing but just going into the top 10 coins in the market today and that's it.

As a old investors here or been in the market and see projects that really took off, I will say that those that are unique and the first as what we call prime movers will survived in this environment and will have many investors and obviously will keep their spot on the top 10 or top 20 and prices will go up.

Choosing among the top cryptocurrencies is good if one is looking to invest in trusted and reliable cryptocurrencies and isn't looking for higher profit opportunities which most people believe can be found only in new projects, and you can't find a new project in the top list even if it's very good and has great potential for future.

So investors who are looking to cash new opportunities so that they can make more money with their trades by entering new projects at their early stages and get out with a lot of profit in hand should do a lot of research about every single project coming out because most of these projects are not worthy of an investment in the first place.