Some good project to invest in

source

The cryptocurrency market is filled with many wonderful coins and projects and if we are not careful we might end up investing in just the wrong coins but ofcourse if we are keen and observant enough then we would be able to ensure that we put our money in good project that's for those who are willing to invest that is.

The market is volatile and no matter the project we want to invest in it comes with a measure of its own risk but then there are some project which present quiet a wonderful investment choice infact these coins present a fine opportunity to get a decent return to investment and offers stability as well.

When we are relatively new and have the funds to invest in the cryptocurrency market then I think some of the coins I will mention below present a fine opportunity or investment choice which should be taken note of.

• Bitcoin (BTC)

Bitcoin ofcourse present a fine investment opportunity for us here in the cryptocurrency space as it's always the first choice especially if we are looking for a measure of stability then Bitcoin is surely the way to go, the cryptocurrency asset considered as a digital asset has the potential to give decent return to investment more than any traditional asset due to its relative volatile nature.

Also why Bitcoin is a good investment choice is because it's used as a store of value, we can use it as a hedge to protect our funds and preserve the value of our money over an extended period of time, Bitcoin has great potential of giving good returns and also a store of value in time of financial instability and uncertainty that's why I believe it is and still is a good investment choice.

• Ethereum (ETH)

Ethereum is the second highest cryptocurrency in market capitalization after Bitcoin and has become even a household name today and even the big institutions are adopting ethereum which makes it more suitable for investment as it's use continues to grow and there is no stopping that, news of ethereum ETF begining trading is on the horizon which is another big event which all makes Ethereum suitable for investment.

Institutions are interested in eth also with the possible roll out of eth 2.0 which will greatly improve this in the chain it all means that eth is even poised to do well in the future and already we know that Ethereum is a chain that dapps are built on which highlights it's use and not just some coins or token with no utility, it's a smart contract blockchain, so if one where to invest in any coin I believe Ethereum is another good investment choice.

source

• Binance Coin (BNB)

Binance coin is proven to be a wonderful project no doubt being backed by a strong team and the native coin of the biggest centralized exchange binance, binance coin from the last bull run 2020/2021 where one of the big movers and it has continued to impress since then, lived through the bear market, survive the winter and still poised to do even great and what especially drives this is for it's use on the exchange.

The biggest exchange possibly is and being the biggest means having enormous trading volume and for such an exchange with such volume and BNB being the token used for trading fee and stuffs makes it a token that is widely used atleast by the many millions using binance and interestingly this means that it will always remain relevant and this is behind the drive in price and as long as binance remains a top cryptocurrency exchange binance coin will no doubt continue to do well so it won't be a bad investment choice at all and offers great chance of good returns.

• Solana (SOL)

Well over the course of the year already we have seen Solana make mad gains coming into the spotlight and truly positioning itself as one of the big coin movers and staking it claim as a top cryptocurrency project and a coin to watch out for as it's likely to do more when the main bull phase kicks in ofcourse.

This is not just a coin without an usecase but the chain is one that facilitate transactions at mere seconds, infact the ensure lightning speed transactions making it attractive to be adopted by businesses and no suprise as many project are currently being built on the Solana blockchain which continues to increase its relevance in the crypto space, I fancy Solana as a project that will perform well and offer stability as well so to me this is some of the good project one can invest in.

What you must do before investing

When investing in cryptocurrency is always good though that you don't do it because someone say so, don't just go and rush and buy for instance some of the coins I mentioned above when you are not even convinced and know nothing about it, don't invest your money in something you don't know.

To invest in cryptocurrency you have to carry out well rounded research on the project of choice and it's important to take into serious consideration the utility of a project to ensure it's longevity.

Apart from the coins I mentioned above there are other good projects so while investing don't just focus on one but invest in others as well to help to reduce risk that comes from puting money in this speculative market, diversification is important.

Only a fool has no backup plan or invest everything he owns in cryptocurrency, that is unwise infact one looking to invest should even seek advice from a professional, a financial advisor if you can afford one ofcourse because the good market could quickly reduce you to dust if you don't know what you are doing, so always be guided at all times and stay updated.

Conclusion

In all let's just look for coins with true potential to do great and usecase they are important when considering what coin to put your funds in and it's good to consider too the team backing such project in the first place.