As a beginner investor, you may find it challenging to pick among thousands of crypto projects. An inexperienced trader quickly gets burned because one does not understand what details to pay attention to when picking crypto assets. Let’s discuss it in this article.
How to Distinguish Good Crypto to Buy?
Here are some factors to consider when choosing a crypto asset:
- The reputation of the project’s developers and their background
- The price chart – how the asset reacts to the market trends, what heights the price reached in its history, etc.
- Check the asset’s trade volume and market capitalization, as well as their balance;
- Real application of the project – use cases of its asset.
- Social networks and the community – are people engaged and active in social networks? Is the project’s team in touch with the community?
- Early investors and supporters.
Media coverage plays a crucial role in developing crypto projects, for this field is still very young and sensitive to the news background. For example, when the NEO crypto project emerged in China, it gained great popularity and got the name “Chinese Ethereum”. The NEO price all-time high was $142,6.
Other best cryptos to buy now:
- Dash
- Ethereum
- Solana
- ApeCoin
- Neo.
A thorough analysis of projects allows understanding if they are worth investing in or not. Consider both large and small-cap coins. Mega and large-cap assets are best for long-term investments; small and mid-cap coins are more sensitive to market fluctuations and are more likely to grow in value during the market uprise.
For more information about up-and-coming projects, read the WhiteBIT blog. It is a resource with interesting articles on what crypto to buy now, manuals on crypto investments, guides, and quizzes for the community. You may practice buying crypto assets using demo tokens along with learning the theoretical part on the WhiteBIT blog.
