Many beginners get lost in the world of cryptocurrencies. In this article, we will discuss the main criteria for choosing your first coin.
1. Market capitalization
The higher the market capitalization, the more stable the asset. Start with the top 10 by market capitalization.
2. Project reliability
Check the website, the development team, the white paper. If the project is secretive, that's a reason to think twice.
3. Liquidity
It's important that the coin can be easily bought and sold. Check the trading volume on Binance.
4. Growth potential
Study what problems the cryptocurrency solves and whether it has real-world applications.
5. Risks
Crypto is not just profit, but also volatility. Invest only funds that you are prepared to lose.
Which cryptocurrency would you choose? Write in the comments!
