As per the current market situation, many good coins are falling due to dot, cake and many other reasons. I would suggest buy cake, sol, and such coins for at least 5k amount, and soon those coins will return high profit margin
Know your goals, time frame, and how much risk you’re willing to take as an investor. Most investments fall into conservative and risky. When you keep your savings in one coin, you could put your money at too much risk or miss potential returns. Consider diversifying across several assets.
Being wise with the market timing, I mean when you move your money in and out to capture the performance highs or avoid the lows. It’s precarious, and even the most experienced investors get tripped up by it. If you sell your crypto during a downturn, you may lose out on gains if prices go back up again.
Keep in mind that historically, mainstream crypto has recovered from broad slumps, although past performance is no guarantee of future results.