Starting with a small budget in cryptocurrency is smart!
Here are a few recommendations:
1. Altcoins with Potential
• Ethereum (ETH): It’s a bit cheaper than Bitcoin and widely used in decentralized applications (DeFi, NFTs).
• Polygon (MATIC): A promising Layer-2 scaling solution for Ethereum.
• Solana (SOL): Known for its speed and low transaction costs, popular in NFTs and DeFi.
2. Stablecoins and Yield Farming
• Consider investing in stablecoins like USDT or BUSD. They don’t fluctuate much and can be staked or used in yield farming for passive income.
3. Diversify with Low-Cap Gems
• Look for projects in growing sectors like AI, gaming, or green crypto. Examples: Render Token (RNDR) or The Sandbox (SAND).
4. Dollar-Cost Averaging (DCA)
• Invest a fixed amount regularly rather than all at once. This strategy helps reduce risk from market volatility.
Would you like tips on how to research cryptocurrencies or manage risks?