There’s no question that the crypto market will continue to bring lucrative investment opportunities for years to come. And as crypto adoption becomes more and more widespread, experts say that crypto has yet to reach its peak. This statement has been met with criticism, of course, but that’s expected. Some of the leading and most promising cryptocurrencies that show that this statement about the future of crypto actually has merit include Algotech (ALGT), Cosmos (ATOM), and Blur (BLUR), as these three are set to prosper greatly in the near future, and one of them is even set to revolutionize the crypto space completely.
However, before we dive into more details about Algotech (ALGT), Cosmos (ATOM), and Blur (BLUR), first, we’ll teach you more about crypto investing so that you know how you can get into the action and make incredible gains by purchasing the three above-mentioned coins now. Let’s get into it!
A Helpful Guide on Cryptocurrency Investing
Every beginning is hard. Luckily, starting your journey to investing in crypto is much easier than it was when crypto first became a thing. Now, there are exchanges and platforms that make the whole process simpler, which is great as people who don’t know much about cryptocurrencies or blockchain technology can use them to invest successfully.
With that said, the first thing that every aspiring crypto investor should do is research what the market has to offer. In other words, you first need to choose which cryptos you want to invest in. You can always start with one, but it’s recommended that you check out and consider more, as there are many great opportunities on the market.
To choose cryptocurrencies to invest in, you can do your own research and see what different coins offer. You can also seek out expert advice or see what other, more experienced investors are investing in.
Once you choose your desired coins, you need to decide how you’ll invest. Namely, you need to select a trading platform. There are three different types of trading platforms you can use, including centralized, decentralized, and hybrid exchanges. Centralized exchanges are usually the go-to option for beginners as they make the whole process simple and don’t require you to create and store your own wallet – they do that for you.
On the other hand, decentralized exchanges offer more freedom, security, and privacy as they allow you to use your own wallet and store it however you like. Hybrid exchanges offer the best of both – the ease of centralized exchanges and the privacy and security of decentralized ones, but they’re a newer, not yet fully developed concept.
Some of the best trading platforms include Kraken, Gemini, Coinbase, KuCoin, and Crypto.com. All of them are centralized exchanges except for Crypto.com.
Now that you’ve picked your tokens and trading platform, you need to determine how much money you can invest. Our advice in this regard is not to go all out and only invest the amount you’re ready to lose. When you have all of this figured out, you can open your crypto trading platform or app, search for your desired tokens, and click buy. Follow the steps that are required, and within minutes, you’ll become a crypto investor. It’s that easy!
When you want to sell some tokens, all you need to do is open your trading account or wallet, select the coin you wish to sell, and again follow the steps that are outlined. Now that you know the technicalities of buying your first crypto coins, let’s explore some strategies that you can use to manage your portfolio and invest.
Crypto Investing Strategies
Some of the most widely used and successful crypto-investing strategies include the following:
Buy and Hold: Buy and Hold is an old crypto investment strategy that is used by many. It involves buying a coin at a certain price and holding it for a longer term, giving the coin time to develop and rise in price. After a while, you sell the coin for a higher price than you bought it, which allows you to turn a profit.
Day Trading: Day trading is the opposite of buying and holding. It is a strategy reserved for more experienced traders and those who have a deeper knowledge of the crypto market and how cryptocurrencies work in general. It involves buying a token at a lower price and then selling it for a higher price on the same day. Of course, a bit more complex than that, but that’s the general goal of the strategy.
Copy Trading: Copy trading is an excellent crypto investment strategy for beginners as it involves following and copying trades from experienced traders. Some crypto trading platforms offer copy trading as a feature, which makes the whole process of doing it much easier. So, you buy when the trader you follow buys, and you sell when they sell.
Dollar Cost Averaging (DCA): DCA involves investing a fixed amount of money at pre-determined time periods. It is a great strategy for those who have a steady and fixed income every month or week or any other time period and have a fixed amount of money left over for investing. So, for example, you’d be engaging in DCA if you invested $50 into crypto every week.
Diversification: Diversification is always a good strategy to invest in, and you can do it while also using one of the other strategies mentioned above. It involves investing in various cryptocurrencies, not just one or two, and it decreases your portfolio’s risk levels greatly.
Now, let’s check out the three best cryptocurrencies that experts recommend to all traders – Algotech (ALGT), Cosmos (ATOM), and Blur (BLUR).
Algotech (ALGT) – The Advanced Algorithmic Trading Platform That Will Revolutionize the Market
Algotech (ALGT) is an innovative, decentralized algorithmic trading platform that has the ability to eliminate the need for manual trading entirely. Algotech (ALGT) can do so because instead of making you decide what to buy and when to buy/sell, it uses AI, machine learning, extensive data analysis, and quantitative research to do that for you.
Thanks to that ability, Algotech (ALGT) eliminates issues that arise from manual trading, such as emotional bias, greed, peer pressure, fear, clouded judgment, and more. Algotech (ALGT) relies on historical and real-time market data to make more informed, accurate, and consistent trades, and it’s also much faster compared to manual trading.
As an Algotech (ALGT) holder, you’ll also be able to create a passive income stream for yourself, as Algotech (ALGT) pays out dividends to holders, which represent a set percentage of the 30% performance fee that Algotech (ALGT) takes. Also, with Algotech (ALGT), you can choose from a wide range of robust algorithmic trading strategies, including breakout trading, mean reversion, arbitrage, trend following, bull market strategies, bear market strategies, and sideways market strategies.
ALGT, Algotech’s native token, will commence its seed sale at $0.02 and then advance to launch, where it’ll trade at $0.11. This huge jump will help early ALGT adopters realize 450% gains even before Algotech (ALGT) starts trading on exchanges.
Cosmos (ATOM) To Blow up in Q2 of 2024
When we look at Cosmos (ATOM)’s performance in the past 30 days, we can see that the token hasn’t been doing super well. Namely, Cosmos (ATOM) has decreased by 13.18% in value in 30 days, now trading at $10.27.
However, crypto experts say that this Cosmos (ATOM) decline is a precursor to a new surge, which is why they deem that now is a great time to buy Cosmos (ATOM) tokens and wait for the rise. The reason why so many say that Cosmos (ATOM) will increase in price in the following months is the upcoming Bitcoin halving. More specifically, many say that Cosmos (ATOM) will be impacted positively thanks to the cheap and fast transactions it offers, which will be crucial in the halving that is set to take place in April 2024.
With that said, we could see Cosmos (ATOM) rise to $25.06 at the end of the year, especially if the team behind Cosmos picks up the pace with new developments and social events.
Blur (BLUR) To Hit $1 Soon Following a Significant Token Unlock
Blur (BLUR) has been gaining quite a lot of traction recently. Namely, in the past 30 days, Blur (BLUR) has increased in price by 51.20%, which leaves Blur (BLUR) to trade at $0.69 at the moment of writing.
In the midst of all of this, Blur (BLUR) unlocked 49.46 million BLUR tokens, which, as of today, are worth $32.55 million. After this Blur (BLUR) token unlock, many expected Blur (BLUR) to plummet in price, which is usually what happens whenever a large number of tokens are unlocked.
However, Blur (BLUR) surprised us all with its 43.85% drop in value on a monthly basis, and it is currently selling for $0.00001071.
Still, many say that this new Blur (BLUR) token unlock has the ability to revitalize the NFT market. With that said, experts believe that Blur (BLUR) will continue its upward momentum, saying that Blur (BLUR) has a high chance of jumping to $1.23 very soon.