The economic pains of Covid-19 experienced in 2020 are experienced in many countries. Many countries are going through hard times economically and will. In these periods, salvation will of course be profitable investment planning. When I look at the crypto market for this period, the general comments are in the direction of BNB investment advice.
Do you think it makes sense to invest in BNB or another cryptocurrency?
What else can you suggest in line with the analyzes made on the subject?
As for investing in cryptocurrencies, you should know from the beginning that all this has a very high risk. As for the time, as for me, now is not the best time to invest in cryptocurrencies. The fact is that right now, in my opinion, we are the crypto market at the peak of the next development cycle. This means that there is still the likelihood of a short-term rise in cryptocurrency prices, but after the price may go down. At the same time, one cannot say 100% what will happen this way or another, but if you even want to invest in cryptocurrencies now, then it is best to buy BTC and some altcoins and keep them until the price of these crypto assets reaches the level that your opinion will be the best for you to make a profit. But in general, it was necessary to invest in cryptocurrencies earlier, well, at least last year or even earlier.