The market for Bitcoin and Ethereum is so good now, to be honest, I am not very courageous to invest in them. Are there other currencies that are more suitable for investment than them?
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I think it should be DOGE. One of the effects of the Gamestop incident is to make DOGE, which has been quiet for a long time, alive again. Many investors around the world have noticed DOGE, especially the Asian market. The Asian market also has a very large number of cryptocurrency investors. Because of the big difference from the United States, relatively speaking, some gains can be better continued in the Asian market. In the Asian market, ZB.com is one of the most used crypto exchanges, with a very large number of users and covering a very large range.
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I have heard quite a bit about DOGE recently especially with Elon Musk tweeting about it. My hope with DOGE is that it operates the way Bitcoin did when first made its appearance. People who invested in Bitcoin way back when are sitting pretty on quite a bit on money these days. My concern with DOGE is that it won't pass the test of time so to speak and as the natural progression of Cryptocurrencies play out over these upcoming years that there will be fewer and fewer currencies that make the cut. Given how cheaply DOGE is currently running for at the moment that we watch its downfall overtime. Just as there are only so many fiat currencies that are able to thrive, I think inevitably we will hit a market cap on the success of NEW cryptocurrencies as well as the continuation of others.
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When it comes to the Asian market, XRP is actually very promising. Previously affected by SEC regulatory events, XRP plummeted in markets such as the United States, but this impact did not affect the Asian market. After all, the Asian market also has a heavyweight country, and that is China. At present, China can completely compete with the United States, so it is easier to avoid the influence of bad news caused by the United States in the Asian market. It was mentioned that ZB.com was also one of the first exchanges to list XRP, by the way.
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Investing is risky by nature and in order for you to be able to participate in cryptocurrencies, you will inevitably have to tackle some of that fear. If right now you are too hesitant to spend a whole bunch of money on Cryptocurrencies, I suggest start with a smaller investment. If losing $100 is going to keep you from being able to handle your bills and feed yourself then I'd suggest to find a dollar amount your would be okay with losing. Not saying that you will, but the potential to lose should be something you keep in mind. Cryptocurrencies are extremely volatile meaning the prices fluctuate frequently and with out prior knowledge of how volatile it can be, I wouldn't advise that you just jump into the waves but rather start with just getting your feet wet. When you are starting small, you really cannot go wrong with picking a crypto. There is some level of familiarity you learn once you have money invested rather that just watching on the outside. Once you feel okay in the smaller arena, then you can start to see how you want to approach your next move.
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