Which cryptos do you prefer and how do you evaluate them?

[Debashis]

Could you elaborate on your preferred cryptocurrencies and the comprehensive factors you consider when evaluating their long-term investment potential? Share your detailed experiences with cryptocurrency trading and investment, including your investment strategies, risk management practices, and insights into market behavior. Reflect on the unique features of cryptocurrencies like blockchain technology, decentralization, and their potential role in reshaping the future of finance.

 

[Riberet19]

My favorite cryptocurrencies are Bitcoin, Litecoin, Ethereum, Cosmos atom, Monero and Cardano, I evaluate them according to their fundamentals, their tokenomics and the development team behind them, I also evaluate them according to how these cryptos have performed in previous bullrun and bear markets.

 

[Grant]

Don't necessarily have a favorite aside from maybe Bitcoin and Litecoin. I haven't invested in a lot of cryptocurrencies. Just Bitcoin, Litecoin and another coin I forget. I didn't make much on either of them so I kinda peaced out on crypto in general. But if I had to pick the one I prefer, it'd probably be Litecoin as it's more possible for me to invest in compared to Bitcoin and how high its gotten.

 

[Ja Sa Bong]

Isn't Bitcoin going to be most people's favorite cryptocurrency because it's my own too and for obvious reasons. Bitcoin is the number one most trusted cryptocurrency and it's still the most valuable for 15 years. If you don't trust Bitcoin, there's no other coins you should consider. I love Litecoin and Solana too.

 

[Nomad]

I have more interest in cryptos like ADA, SOL, MATIC, SAND, AXS, MANA rather than the most popular options like Bitcoin and Ethereum. That's because BTC and ETH, despite losing substantial value, are still high priced asset and you need to invest a lot of money in these assets.

 

[METAVERSELAWYER]

Could you elaborate on your preferred cryptocurrencies and the comprehensive factors you consider when evaluating their long-term investment potential? Share your detailed experiences with cryptocurrency trading and investment, including your investment strategies, risk management practices, and insights into market behavior. Reflect on the unique features of cryptocurrencies like blockchain technology, decentralization, and their potential role in reshaping the future of finance.

Personally, I'm more inclined to altcoins and mid/low caps. Firstly, I look its utility, narrative and tokenomics. When all these checkboxes are ticked, I proceed to buy some and apply dollar cost averaging subsequently. Meanwhile, I'm a huge fan of decentralisation and I like how platforms like Bitget have incorporated DEX trading by its inclusion of Bitget swap. I believe decentralisation has a potential role in reshaping the future of finance.