How To Find The Best Cryptocurrencies To Invest In24th January, 2022 (7:26 AM UTC)
Cryptocurrencies have performed incredibly recently and many casual investors who timed it right ended up becoming millionaires and even billionaires.
However, most beginners have difficulties finding the best cryptocurrency to invest in. We’ve all been there, so don’t worry. We understand how confusing it is when you first begin looking for new cryptocurrency investments. And that’s why we are here to help.
So, are you also looking for the next cryptocurrencies to invest in 2022? Do you find yourself wondering “should I be investing in Bitcoin?” or “should I be in investing in Ethereum?”
Well, wonder no longer, we are here to answer all your questions. By the end of this guide, you’ll know how to find cryptocurrencies to invest in.
Cryptocurrency Market So Far
The first cryptocurrency, Bitcoin, was invented back in 2009. That was just the beginning though, and nobody really knew about Bitcoin until 2013. Additionally, no one even thought that it might become the best cryptocurrency to invest in.
However, since 2013, the cryptocurrency market has seen huge growth — growth that has been hard to ignore. There are now more than 2500 different cryptocurrencies, all created in less than 5 years.
It’s clear that 2021 was the year crypto really blew up. The market cap of cryptocurrencies grew by 10,000%! The market cap of all cryptocurrencies was around $21 billion in March 2017, whereas it is now over $3 trillion. That’s huge.
How To Pick Cryptocurrencies To Invest In
There are 3 ways to pick a cryptocurrency to invest in
1. Doing tons of research
2. Listening to family and friends or “experts”
3. Using CoinMoon to select profitable cryptocurrencies
Doing Tons Of Research ❌
Doing research is the most obvious way to pick cryptocurrencies. It involves reading through multiple articles called whitepapers and other material. It also involves checking out the coin’s website and researching the team who created the coin. This is all called fundamental research, and sometimes in cryptocurrencies this type of research doesn’t work because the crypto markets are driven by HYPE. Coins that make the most profit are usually the most hyped coins and not necessarily the coins that are well constructed.
Listening to Family, Friends and “Experts” ❌
Many people choose to get advice from friends and family or internet “experts”. The outcome is always the same. The person who is giving you the advice will claim to have made millions from cryptocurrencies and they will then “shill” or promote their favorite coins to you. This is simply the worst way to pick cryptocurrencies because you are getting information from people who are extremely biased towards their favorite coins. You will then only be as successful as the person you are getting advice from. Even worse, 99% of people who invest in cryptocurrencies are not experts, so you will be getting investment advice from unqualified people.
Using CoinMoon to select profitable cryptocurrencies ✔️
Using CoinMoon is 100% the best way to select cryptocurrencies to invest in. By using CoinMoon you remove emotion and doubt from the selection process.
CoinMoon holds hundreds of coins that are selected algorithmically based on how profitable they will be in the short, medium and long term. You simply pick your preferences such as how long you want to invest, how much you want to invest, etc and CoinMoon will give you a guaranteed list of coins that will make the most profit.
Most of the twitter analysts, crypto investors and probably your friends use CoinMoon.