You can catch a big jackpot or earn nothing by investing in cryptocurrency and even lose part of the invested funds. It is no secret for everyone that investing in cryptocurrencies is a risk, some digital assets often show their volatility, often causing doubts among the happy owners of cryptocurrencies, as well as those who have ever thought about investing in crypto.
Therefore, when investing, it is important to take into account the possible risks and it is equally important to decide which cryptocurrency to invest in.
White Paper is Worth Your Attention
Each owner or team that has created a digital asset before launching a coin on the market publishes a document (White Paper) in which it presents us with all the advantages of its project, provides a roadmap for the development of the project, reveals the goals of the emergence and existence of this project. The White Paper is worth reading carefully, but remember that you don’t have to believe everything.
It is also worth noting how information about the project is disseminated, whether information about it is published in the mass media, etc. What does this paragraph draw attention to?
Pay special attention to the point of why the coin was created because, according to experts, today the chances for growth are those assets that are equipped with useful functionality for the outside world. For example, Cookie Casino The fewer coins on the market, the higher the price of the coin. The owners of some projects conduct coin burning, which leads to a reduction in the number of coins on the market, thereby raising the value of their assets.
It is a meme coin created on the Ethereum blockchain. Its price has risen thanks to the unique ecosystem and the image on the coin of the Japanese dog breed, which has become a meme. Recently, Shiba Inu founder Ryoshi announced that the coin is facing massive incineration, which is undoubtedly positive news for investors. This step will prepare the network for the implementation of a major project, namely The Shiba Inu Core Devs team is working on the creation of the Shiba Inu metaverse called Oshiverse. This is great news, this cryptocurrency is worth paying attention to.
Bitcoin is the first cryptocurrency in terms of capitalization and is very popular among investors. The total amount of BTC is limited and will not exceed 21,000,000 million coins. This suggests that the price of bitcoin will rise.
Ethereum is the second cryptocurrency after Bitcoin. It is the basis for a smart contract. ERC-20 is at the heart of many tokens. The project is developing, without a doubt, this is a promising coin.
Ada is a rapidly growing blockchain platform. This cryptocurrency is popular among investors. Cardano allows you to create smart contracts and decentralized applications, and receive and send funds with minimal fees. The project team is very closely engaged in the promotion of cryptocurrency and it is natural that it has a growth prospect.
It is a cryptocurrency designed as an alternative to BTC, focusing on secure, instant and minimal cross-border payments. Cryptocurrency today has great authority among large financial companies, thus it can be assumed that interest in XRP will not fade away, but rather increase.