Which crypto to buy now?

Can we even make x100 on a crypto?

There is no point in hiding the face, most of the new investors enter the cryptocurrency market to make a lot of money. However, the industry will grow more and the more the possibility of generating significant returns will be extraordinarybecause the capitalization of the main cryptocurrencies is bigger and bigger.

So is it still possible? make x100 or x1000 in crypto? The answer is yes, but it involves take more risks. In fact, to find the crypto that explodes in 2023 or in the following years, you need to invest when there is little capital in it.

First, it means you need to do a lot of research to find good cryptos in front of others. But above all, it requires deep research. to make sure the project is serious and that the builders will not run away with your money.

In other words, making a big capital gain in crypto is always possible, as long as you know where to look and are willing to take big risks. But then, how do you know which cryptos to buy today?

👉 Are you a beginner? Here is a complete guide on how to buy cryptocurrencies

Our opinion: safety first

King Bitcoin (BTC)

The cryptocurrency market already represents, by nature, a risky investment. So, it’s better to stick verified cryptos and which will likely still be in the industry for decades to come.

In this account, how not to mention Bitcoin (BTC)? The first crypto that has persisted over time, bitcoin still remains in the first position in terms of capitalization.

With a capitalization that surpasses all other cryptocurrencies, it is true that its growth potential is weaker. However, Bitcoin is the safest asset in the cryptocurrency market (excluding stablecoins) and represents an amazing value store : in fact, bitcoin is unique. No more not more than 21 million units.

Unlike fiat currencies, there are no central banks who can decide to print new bitcoins. This is extremely important, especially in a context of galloping inflation where prices rise and the value of our heritage falls.

Bitcoin can also act as a digital currency, and other countries understand it. This is especially the case in El Salvador and the Central African Republic, which has been done legal tender in their territories. In the current macro-economic context, there is a good chance that other countries will follow this path.

👉 Are you interested in bitcoin? Guide to Buying BTC in 2022

Ether (ETH): the future after The Merge?

There it is 2nd most capitalized cryptocurrency in the market, Ether (ETH) and its Ethereum blockchain experienced a historic update in 2022 that was eagerly awaited by the ecosystem. baptized The Mergerthis enables the network to switch towards Proof of Stake (PoS) consensusless energy intensive.

Concretely, the future stages of this revolution will make it possible to reduce costs by more than 90%, while multiplying by 10 the capacity of transactions accepted by the network. In other words, it is a necessary step towards adoption by the general public.

Currently, the majority of decentralized finance (DeFi) is based on Ethereum. In addition, it is the first blockchain to introduce smart contracts, one of the most revolutionary parts of our ecosystem. In other words, in its new form, Ethereum will revolutionize many industries.

To invest in the most effective way, we advise you to use the strategy of Dollar Cost Average (DCA). In concrete terms, it consists of investing small amounts at regular intervals to smooth out your entry price and expose yourself to the least volatility in the market.

👉 Do you prefer Ethereum to Bitcoin? Learn how to buy Ether in 2022

How to find good crypto nuggets to buy now?

How to choose crypto to explode?

To find the next crypto to explode, here it is some advice :

• Gain a good understanding of the ecosystem;
• Discover the keys to success in cryptos from the top 50 in the market;
• Follow cryptocurrency market trends.

The first tip to find cryptocurrencies that can, is to have a good understanding of the ecosystem. Some cryptos are related to decentralized finance while others are specific to infrastructure projects (first or second layer blockchain): you need to know how to differentiate them.

It is important to be familiar with the different sectors of activity in the cryptocurrency ecosystem in order to to understand properly and deeply the projects in which you plan to invest. It helps to know who are the serious ones in each category.

The second advice is to find out about the crypto currencies that are currently in the top 50 of the largest capitalization. Ask yourself the question: What are the keys to their success? Then, if you discover a project working in the same activity sector, you can understand its potential added value.

The CoinGecko site offers a ranking of the most capitalized cryptocurrencies

The last tip is to follow the trends. The cryptocurrency market moves in cycles. In the previous bullish rally, decentralized finance, then blockchains competing with Ethereum, the BNB Chain ecosystem and then NFTs exploded instead.

The tools to find the promising cryptos of today

To find crypto nuggets, here some advice important:

• Cryptoast;
• CoinGecko;
• Social networks;
• The toaster.

How to access information to train and learn about the world of cryptos? The first tool is none other than Cryptoast. In the “Cryptocurrencies” tab of our website, you will find complete files to learn about the main cryptocurrencies in the market.

In the “Courses” tab, you will find all the cryptocurrencies with information on them pricewilderness capital, the evolution of their course and their trading volume in the past 24 hours, as well as many other relevant data to be analyzed.

The “Courses” tab of Cryptoast

To find the next nuggets to invest in, social networks excellent sources of information: YouTube in particular and especially Twitter. This is the best way to learn good cryptos in front of everyone. As such, it is necessary to be careful and organize the content.

on the private group Le Grille-Pain, our team of experts – composed for example by Vincent Ganne – offers you fundamental, on-chain or even technical analysis. In particular, you will discover promising young crypto projects.

In conclusion

As you can understand, the cryptocurrency market is full of opportunities. It’s still possible make x100 or x1000 in one cryptoas long as you do a lot of research beforehand, know where to find information and are willing to take risks.

It should be remembered that cryptos are a zero-sum game. If some win a lot, it’s because others lose a lot with the same. And in this game many more will be defeated so many winners. Therefore, it is better to try to minimize the risks, in a very volatile market.

To do this, the best advice is in favor of cryptocurrencies that have already proven themselves : Bitcoin and Ether in particular.

Then, investing in small amounts at regular intervals is the best way to smooth out your entry price and reduce your exposure to market volatility.

If, however, you have a “high risk, high reward” investor profile, and you want to find the next crypto nuggets, make sure to be fully informed and do a thorough research.