How to choose which altcoin to invest in?

As an emerging industry and particularly in the financial sector, investing in many cases involves a considerable level of risk. In the metaverse, while stablecoins provide a higher level of certainty for all kinds of more conservative trades and investments, their ability to fluctuate and eventually explode in huge returns is practically none. Precisely because these currencies are designed not to give surprises.

Meanwhile, Altcoins are tokens that in many cases can show a fairly broad level of profitability in the market. An example of this is the cryptocurrency Shiba, which at the beginning of October managed to gain 300% of its value in a week. Of course, taking the risk something, can eventually result in exponential benefits, however many of the altcoins that currently circulate tend to irrelevance, even the disappearance itself.

There are many elements of analysis that it is advisable to pay attention to if we want to invest in a profitable cryptocurrency. Recently the Senior Analyst of Bestchange.ru, Nikita Zuborev, explained some of the data that he recommends warning before taking the step.

According to Zuborev, there are many projects in this niche that will disappear or depreciate without a trace. Even in the rare cases where a token shows significant growth, it has exactly the same chance of depreciating in the next few hours or even minutes. In fact, the expert does not recommend carrying out this practice. However, for those who decide to try to buy an altcoin he highlighted a few rules.

Golden rules for investing in an Altcoin

• Avoid buying a token at a time when it has already shown a growth multiple between 100% and 1000%. Especially if it is what most expect.
• Utilizar siempre órdenes de «stop-loss» (órdenes de venta anticipadas), y utilizar un porcentaje demasiado pequeño de la desviación permitida.
• Do not use borrowed funds or resort to margin operations.
• Altcoins are illiquid and relatively easy to price, so deep “squeezes” on trading pairs are acceptable, especially shortly before an explosive rally;
• Do not use all the capital invested in risk operations. Do not allocate more than half, and preferably no more than 20%, of your entire budget to these currencies;
• Don’t trust blindly any group signals nor paid, free, open, and private conversations. In most cases, editors and analysts “point the finger at the sky,” based solely on their own experience and personal preferences.

How to predict the possible success of an Altcoin? éxito de una Altcoin ?

• • If the coin is affiliated with other successful assets or well-known programmers in the industry. It is necessary to evaluate if the developers are up to the task and if they have successful experience in launching crypto projects.
  If the authors of the cryptocurrency use Elon Musk or are endorsed in any way to any of his brands.
• If the coin is affiliated with other successful assets or well-known programmers in the industry. It is necessary to evaluate if the developers are up to the task and if they have successful experience in launching crypto projects.
• If a business develops and grows, it will inevitably acquire partners, integrations with other blockchains, projects or companies. And consequently, such projects, as a rule, easily receive investments from renowned funds», explained the analyst.

Much about investing in Altcoins has to do with observation and analysis, when thinking about nvertir en una criptodivisainvesting in a cryptocurrency, it is best to start doubting yourself.