Many newcomers in the cryptocurrency space often make the mistake of chasing newly launched coins, hoping for quick profits. However, this approach frequently leads to frustration, as they sell at a loss when the expected gains do not materialize. In reality, most new coins go through a consolidation phase lasting two to three months (or even longer) before experiencing any significant upward movement.
For beginners, it is essential to avoid this trap. Rather than focusing on new, unproven tokens, consider investing in established projects within the top 100 cryptocurrencies by market capitalization. These assets not only offer greater liquidity but also exhibit more predictable price movements, reducing the risk of substantial losses. By prioritizing stability and proven performance, you can create a solid foundation for long-term success in the crypto market.