My cryptocurrency project for this year

Source:

Hello, friends. Today I want to talk to you about a topic that is in fashion and that many of us like, I am referring to cryptocurrencies, that digital force that unites us and connects us to a decentralized future in which possibilities have no limits. It is no secret that nowadays investing in the medium and long term in cryptos is considered more than profitable. And the truth is that, depending on where you play your chips, you can have more than succulent results.

I've always heard that the key to success in this game is diversification and a lot of patience in this ever-changing market. Right now, my main goal is to expand my cryptocurrency portfolio. There should be no doubt in the strength that cryptocurrencies have gained, and this, thanks to the early and powerful ones like Bitcoin and Ethereum. These two giants have only one complication, the only problem is that the price of these little jewels is skyrocketing. Getting a good amount of Bitcoin or Ethereum for poor people like me, is a very complicated task. But, because there is difficulty, it does not mean that we should give up. There are always other options and very varied in prices, it's just being smart in choosing them.

Since I don't have that much money to invest, I concentrate a little more on those that are a little more in my range. This allows me to have more of them, and at the same time I can diversify. Basically, it's about not concentrating all your resources in one option. In crypto terms, this translates to diversifying your portfolio.

Source:

Right now, my digital wallet already has a few tenants: Dogecoin (DOGE), Tron (TRX) and Cardano (ADA).I also have some fractions of others but in small fractions. But here goes my plan for this year: I want to add to my own some Ripple (XRP), Polygon (MATIC) and Litecoin (LTC). Each has its own charm and characteristics. These three I like and even the price is affordable.

This is the time to be prepared for when halving happens. My plan for this year is to acquire before halving. This involves buying assets before this event happens which halves the rewards for miners. The idea is to take advantage of opportunities before supply decreases and demand increases, potentially influencing prices. It is a strategy to position myself favorably in the crypto market. Of course, that is my intention, I am not a specialist on the subject.

For this 2024 I still have time to diversify and anticipate key events like halving. If I had some purchasing power I would certainly invest something in Bitcoin, but for the moment I will concentrate on my projects and take them as my goal for the medium term. I consider that in addition to the classic cryptos there are others that are more affordable for my pocket that also have great projection and I would not want to miss the opportunity to get on board. If I invest correctly I can have good dividends. So, if you haven't done it yet, you are on time. Remember, it's never too late if it's too late.

References:

• es.cointelegraph.com
• santander.com

📷 Xiaomi Redmi 9A | 💻 Asus Celeron N4020
Original text in Spanish: Translated with DeepL
Twitter

Posted Using InLeo Alpha