At present, I have looked at the overall market. Many people are investing blindly, which is a very rude choice. The following advice on this investment is that everyone should not invest blindly, but allocate their positions reasonably.
Be cautious when investing in new currencies and don't blindly follow the trend. If you are considering investing, you can first focus on old currencies that have been tested by the market. Even if their prices have fallen by 90%, as long as the circulating market value remains at around US$1 billion, it means that they have a strong market position and certain value support.
In contrast, some newly launched currencies, although they have a circulating market value of US$1 billion at the beginning, whether they really have strength and potential still needs time to verify. The teams of these new projects may have gained huge benefits by issuing new coins and do not need to rely on market promotion to increase the price of coins. As for how much these currencies can rise in the future, it depends largely on the luck of the market.
Therefore, when choosing investment targets, you should prefer old currencies that have been tested by the bear market and have strong support behind them. They may be relatively more stable and have lower risks. As for those newly launched currencies with inflated market values, investors need to be more cautious and avoid the risks brought by blind investment.
Friends who currently have positions but don’t know which coin to ambush can follow me and leave a comment 1 to help you manage your positions
