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[westmania]

Here are the top 5 most promising altcoins at the moment:

1. Ethereum (ETH):

Ethereum is a decentralized platform that enables developers to build and deploy smart contracts. It has gained significant popularity due to its robust ecosystem and the ability to create decentralized applications (DApps) on its blockchain.

2. Binance Coin (BNB):

Binance Coin is the native cryptocurrency of the Binance exchange. It offers various benefits to its users, including reduced trading fees, participation in token sales, and more. BNB has seen substantial growth and adoption, making it one of the most promising altcoins.

3. Cardano (ADA):

Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. It utilizes a unique proof-of-stake consensus algorithm called Ouroboros, which ensures the security and sustainability of the network.

4. Polkadot (DOT):

Polkadot is a multi-chain platform that enables different blockchains to interoperate and share information. It aims to create a decentralized internet where various applications and services can seamlessly interact with each other. With its innovative approach, Polkadot has gained attention from both developers and investors.

5. Chainlink (LINK):

Chainlink is a decentralized oracle network that connects smart contracts with real-world data and external APIs. It enables smart contracts to access off-chain information, making them more versatile and useful. Chainlink has seen significant adoption in various industries, including finance, gaming, and supply chain management.

Please note that the cryptocurrency market is highly volatile, and investing in altcoins carries risks. It's essential to conduct thorough research and consider your own risk tolerance before making any investment decisions.

 

[Ptrikha90]

Well listed. I am keen to know more about Chainlink.
What are its Short to Medium term prospects?

 

[Gamer01]

Chain link is doing average at the moment better option is to put funds on bitcoin litecoin these are assets that are much stable and wont make you have big loss as an investor ever to be honest indeed actually in my opinion.

 

[Ptrikha90]

Chain link is doing average at the moment better option is to put funds on bitcoin litecoin these are assets that are much stable and wont make you have big loss as an investor ever to be honest indeed actually in my opinion.

I have added a bit to my profile. BTC takes the topmost slice. Apart from that I have taken more of Binance Coin, Solana and BTC Cash.
I will also look towards adding more in the coming months but in a selected way and no big money investments.

 

[Gamer01]

That is good in my opinion all the options that you have added are good but you need to be very careful about solana because it has fallen many times in the past and we can never expect straight growth from such a blockchain indeed actuallly to be honest .

 

[Ptrikha90]

That is good in my opinion all the options that you have added are good but you need to be very careful about solana because it has fallen many times in the past and we can never expect straight growth from such a blockchain indeed actuallly to be honest .

Let me tell you a strategy. It is a combination of micro investing and following the curve.
I invest in some coins in a limited manner. Say Rs. 100/200 or anything below 500 units.
Now suppose they rise well enough, I sell 40-50% of them and book some profits.
If they fall, my loss is not much.
Yet I add some more money from my savings, buy 200 to 300 Rs. more of those coins(sometimes at a gap of 2 to 3 months).
At some point, I regain my losses in at least 70% of those coins.
Of course, in some cases, like Litecoins, at times, losses can extend a bit longer.
Yet in such markets(and even with shares), these risks are imminent.
It is like learning to play Cricket or Football where one can learn the best skills only when one steps on to the field and practices and plays.

 

[leithy]

Everyone will have their own view on the best coins. I tend to stick to the top ten cryptos. Some will think I am too conservative in my approach. Coins further down the list will not require a great deal of buying demand to give double digit returns but the problem is finding these future top ten coins.

 

[Ptrikha90]

Everyone will have their own view on the best coins. I tend to stick to the top ten cryptos. Some will think I am too conservative in my approach. Coins further down the list will not require a great deal of buying demand to give double digit returns but the problem is finding these future top ten coins.

Any preference among the coins as of now? Which ones have you shortlisted for Investment for this year 2024?

 

[leithy]

Any preference among the coins as of now? Which ones have you shortlisted for Investment for this year 2024?

At the moment I am in bitcoin and litecoin. I know some will criticise this decision but I am content with those two ar the moment.

 

[Jack / 47 F1]

theres also a new doge coin out. its called cyber doge. apparently it has good backing, maybe a rosy future. who know if will be a poo / poop / $shit coin or maybe something decent. they are now giving away 1,000 free cyber doge just for signing up to the project. you can sign up thru the link in my signature. no obligations. click the link in my signature & be 1,000 cyber doge richer for just a few moments of your time. thxs folks !!!!!!!!!!!!

 

[Ptrikha90]

At the moment I am in bitcoin and litecoin. I know some will criticise this decision but I am content with those two ar the moment.

Any idea if Litecoin would see any upward movement sometime this year?
Litecoin had some of its best times a few years back.

 

[IB DD]

I would really root for BNB. Binance has been able to stabilize the token. I won't be surprised if it would reach $500 during the massive boost that would happen after the bitcoin halving. Cardano is also very impressive.

 

[Riberet19]

In this top I would add Hedera (HBAR), I think it is very promising due to its fundamentals and the network characteristics it has, I am not going to go into much detail about it, you should investigate it and decide for yourself if it has value.

 

[Ptrikha90]

I have added Pendle to my portfolio. Since adding, it has dipped a bit.
Yet I know that things can go both up and down in the field of trading.
So the good days can also be coming up.
I will be trying a few more coins based on their feedback, reports and my budget.