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Just a quick reminder and guidance to all newcomers and existing users regarding altcoins:
1- There are coins/tokens to hold for long-term which can make you better off if not rich in a year or even less. Those are the ones with strong fundamentals, big market cap, built for real use. Examples: XRP, ADA, ALGO, DOT, DOGE. If you want to diversify even more then: SUI, $XLM , HBAR.
2- Now there are coins/tokens excellent for trading. Always manage your risk, portfolio size and tight stop losses while trading in them. These are however also based on strong fundamentals and possess many benefits over thousands of shitcoins out there. These good coins can give you profits in any kind of market if you take a good strategical trades. Examples:
$S , Near, LINK, SEI. Then comes the AI tokens: $TAO , ICP, IP, AI etc.
3- Now there are coins/tokens totally useless in terms on fundamentals, utility, ecosystem etc. They have nothing other than hype. And hypes my friends never lasts long. People for sure are holding them thats why they are maintaining some value but they are the ones most riskiest tokens and I advise you to stay away and avoid at all costs. Examples: Trump, melania, shib, pepe, mubarak, floki, bonk, spell.
In the end, my final and usual advice: Say no to future trading. Trading is not betting.
Always DYOR. All above is my opinion based on my knowledge, experience and study. Donot take it as an investment or financial advice.
Good luck and Happy trading to you all.
1- There are coins/tokens to hold for long-term which can make you better off if not rich in a year or even less. Those are the ones with strong fundamentals, big market cap, built for real use. Examples: XRP, ADA, ALGO, DOT, DOGE. If you want to diversify even more then: SUI, $XLM , HBAR.
2- Now there are coins/tokens excellent for trading. Always manage your risk, portfolio size and tight stop losses while trading in them. These are however also based on strong fundamentals and possess many benefits over thousands of shitcoins out there. These good coins can give you profits in any kind of market if you take a good strategical trades. Examples:
$S , Near, LINK, SEI. Then comes the AI tokens: $TAO , ICP, IP, AI etc.
3- Now there are coins/tokens totally useless in terms on fundamentals, utility, ecosystem etc. They have nothing other than hype. And hypes my friends never lasts long. People for sure are holding them thats why they are maintaining some value but they are the ones most riskiest tokens and I advise you to stay away and avoid at all costs. Examples: Trump, melania, shib, pepe, mubarak, floki, bonk, spell.
In the end, my final and usual advice: Say no to future trading. Trading is not betting.
Always DYOR. All above is my opinion based on my knowledge, experience and study. Donot take it as an investment or financial advice.
Good luck and Happy trading to you all.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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