What cryptocurrency to buy right now: the best options

With the growing popularity of cryptocurrencies in 2021, more and more users are thinking about buying them. But the value of digital assets has already increased significantly over the past year. Experts gave tips for beginners.

Which cryptocurrency to buy right now: the best options

With the growing popularity of cryptocurrencies in 2021, more and more users are thinking about buying them. But the value of digital assets has already increased significantly over the past year. Experts have given advice for beginners

 

Experts' opinions may not coincide with the position of the editorial board. "RBC-Crypto" does not give investment advice, the material is published for introductory purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

 

In February, the number of searches for buying cryptocurrency in a Google search engine renewed the maximum. Interest in digital money is now 35% higher than it was during the 2017 cryptocurrency boom.

 

This is happening against the backdrop of a sharp rise in the quotations of digital assets. Bitcoin is updating historic highs day by day. On the night of February 12, its price was approaching the mark of $49 thousand, and since the beginning of the year the growth exceeded 70%.

 

The current situation is not the best time to enter, because the market is overheated, explained Anton Kravchenko, CEO of Xena Financial Systems. But there are projects which even in the current situation remain undervalued. According to the expert, one such coin is Maker Dao.

 

"I would recommend for the experiment to buy a small amount - $100-$1000, for example, a token of the project Maker Dao. It is better for beginners to invest in 5-8 promising companies when the market is not overheated, now there is only one such company, it is Maker Dao," - Kravchenko said.

 

For inexperienced traders, he advised to set aside a small portion of income once a month and invest in various projects - this will allow them to gain experience and gain positions in different market cycles over time. If you buy promising assets for $100-$1000 every month for two years, it can give a good result, Kravchenko explained.

 

You can reduce the chance of losing money when buying cryptocurrency assets by entering the market with a quarter of the amount and then waiting for quotes to fall by about 30% to average out, added Six Nines data center head Sergey Troshin.

 

"When the market falls by 30%, then enter for another quarter amount, and then for two quarters, when it still falls by 30%," the expert explained.

 

Troshin advises to start with "blue chips" - bitcoin and ether. According to him, if you want to buy a little-known cryptocurrency, you should understand its prospects in the next 3-5 years. If you don't understand it, you shouldn't buy such a coin.

 

  1. Those who want to buy a cryptocurrency should learn how to work with the purse and get used to regular backups of the private key, said Grigory Klumov, founder of the platform of stable cryptocurrencies STASIS. He advises newcomers to stable cryptocurrencies, which are tied to fiat money quotations and will not bring the owner large losses, such as USDT and EURS. 

Comments

You must be logged in to post a comment.

About Author
Recent Articles
May 23, 2024, 1:09 PM THE STARS ENTERTAIN
May 22, 2024, 3:02 PM Mohammed Nishad S
May 21, 2024, 11:06 PM Syed Haider Ali
May 21, 2024, 8:42 PM Syed Haider Ali
May 20, 2024, 9:33 PM Syed Haider Ali
May 20, 2024, 8:15 PM Nasir Ali Shah