Diving into Crypto: The Ultimate Beginner’s Guide to Smart Investing! Plus, Top Coins to Consider
As a beginner cryptocurrency investor, it is very important to make informed and smart investing decisions. This is because the crypto market is unregulated, highly volatile, and lacks transparency. Fortunately, there are some smart investing rules to adhere to in order to become profitable.
Let’s look at the ultimate guide to smart investing in detail. On top of that, we bring the best altcoins to buy: Cosmos (ATOM), VC Spectra (SPCT), and Filecoin (FIL).
The Ultimate Beginner’s Guide To Smart Investing In Crypto
Navigating the market of cryptocurrency for beginners can be a daunting task. There are thousands of projects and tokens to choose from. On top of that, new tokens are being launched almost every day.
In such a scenario, there are some rules that a trader or investor should stick to while investing in the crypto market:
- Do Your Own Research: The first rule of investing in crypto is to do in-depth research on the project before investing in it. Crypto projects with fully transparent ownership structures along with a healthy social media presence are good indicators.
- Invest What You Can Afford To Lose: The crypto market is highly volatile, and there are chances of even the biggest projects failing. For example, LUNA and FTX were two of the biggest assets, yet they both faced a collapse in 2022. Hence, smart investors only invest what they can afford to lose.
- Choose a Reputable Exchange: The final and most important rule to investing in crypto for beginners is to pick only the best exchanges with high volumes. They can be decentralized or centralized exchanges depending on the user’s preference.
Now that the golden rules of crypto investing have been understood. Let us have a look at the best altcoins in the market to invest in.
Cosmos (ATOM) Price Accumulates as Bear Market Gets Stronger
The Cosmos ATOM price witnessed a rally after it announced the Inter-Blockchain Communication Protocol roadmap on September 18. It would allow for the diverse blockchain ecosystem to seamlessly interoperate in a secure, reliable, and trustless environment.
The ATOM crypto price surged by 10% from $6.87 on September 18 to $7.56 on September 19. This surge was short-lived as the crypto winter took over, and the ATOM crypto price entered a correction once again.
Despite the downturn in ATOM crypto price, the Cosmos ecosystem has continued to grow. On September 20, the CosmWasm Roadmap was unveiled, followed by Klein being announced on September 20 by Cosmos. The Cosmos SDK 2024 Roadmap was revealed by Cosmos on September 25.
These announcements have failed to bring relief to the Cosmos (ATOM) price. The Cosmos (ATOM) token is down 7.5% from September 19, and ATOM is trading at $6.99 on September 27. Despite the temporary negative price action, experts foresee Cosmos (ATOM) to rise above $20 per token in Q4 2023 and onwards.
VC Spectra (SPCT) Records Presale History With 142% Profits
The innovative decentralized, democratic, and open-for-all hedge fund and trading platform VC Spectra is built on Ethereum. The aim of VC Spectra is to remove entry barriers in crypto, such as geographical location and technological know-how. The users of VC Spectra gain access to new ICOs and the best DeFi projects for investing.
VC Spectra generates profits through investments and by using advanced trading methods. The VC Spectra users receive advanced data analytics and performance analysis to make informed investment decisions. The users can invest in individual projects or choose funds managed by VC Spectra to invest in.
The platform’s native governance token, SPCT, is a BRC-20 token standard. It has a total supply of 2 billion with a built-in burn mechanism reducing the SPCT supply over time. The SPCT token has a dedicated vesting schedule and a lock-in period to prevent price manipulation. The SPCT token can be used to pay fees, trade, manage assets, and invest on the VC Spectra platform.
VC Spectra is conducting the presale of the SPCT token in stages. It is currently in Stage 3 of presale at a price of $0.033 per token. The Stage 1 and Stage 2 presale investors have made 312.5% and 200% profits already. Upon the conclusion of the presale, SPCT will reach $0.08 per token. This would result in the current SPCT investors earning an ROI of 142.42% on their investments.
Hence, with its innovation and profitability, VC Spectra (SPCT) has emerged as the best crypto investment.
Filecoin (FIL) Trades Sideways Amid Growing Partnerships in Crypto Winter
The Filecoin (FIL) price witnessed a relief rally after Grayscale won the Spot ETF case against the SEC on August 29. As a result, the Filecoin (FIL) price rose to $3.54 on August 29 before correcting following the Filecoin price prediction. Filecoin (FIL) is trading at $3.23 on September 27 and is down 8.7% since August 29.
Even in a downturn in the Filecoin (FIL), its ecosystem has shown immense signs of growth. On September 12, the Edge Wallet announced Filecoin (FIL) integration. Artifacts Labs and Filecoin (FIL) announced on September 18 that they are working together to share artifacts from the Titanic. Filecoin (FIL), Brave Wallet, and the Electric Coin Co. announced a partnership on September 22. The BIT exchange announced the launch of Filecoin (FIL) Options on September 22.
These developments have led to experts having a bullish Filecoin price prediction. Once the crypto bull run commences, crypto experts’ Filecoin price prediction is for it to rise above $25 and beyond.
As a result, Cosmos (ATOM), VC Spectra (SPCT), and Filecoin (FIL) are some of the best crypto tokens to invest in.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund