What cryptocurrency should I invest in?

Could there BE any more coins???

Have you thought of investing in cryptocurrency, but aren't sure which ones to choose?

It's overwhelming to figure out where to start, but asking the right questions will help you choose the right coin for your investment needs!

Market cap is the total market value of a circulating cryptocurrency’s supply.

• Market cap = Current coin price x circulating supply of coin

Why is market cap important? To look for potential growth!

Here are two market cap investment strategies you can follow:

1. Higher Market Cap

• Safer and less risky

• Generally means it's already made itself a worthy coin

• Ex: Bitcoin (BTC) market cap is the biggest and the safest/here to stay

2. Lower Market Cap

• Higher gains and more risk

• More room to grow, also some risk, as it has more room to become a coin that goes to zero

While we may not feel as old as we look, we need a coin that has age on its side!

Would you rather buy a coin that was just created and has no history?

OR

Would you rather invest in a coin that has a solid reputation and has investment trends?

Sounds like a no-brainer!

Of course, it might pay off to buy cheap coins just created, but you could also use that investment to buy a coin that is still low, yet has more history.

You know the old saying, "Don't put all your eggs in one basket."

Well this applies to crypto too!

Adding a few coins of lower risk to your portfolio with your top pick coin can help you manage risk and potentially make more money!

There are many portfolio strategies based on risk tolerance.

• High risk tolerance — higher % of smaller coins than BTC

• Low risk tolerance — higher % BTC and lower % of smaller coins

There's always a risk in investing!

But first, it's time to do your own research!