I am currently thinking about investing a larger amount > $20k which I have recently received through sales of some shitcoins that I don't think have much of a future ahead of them. I have already done some research myself. But for the final assessment I would like to hear your opinion. Which of these following projects do you see as a great investment and
why?
- Cardano (ADA)
- Polkadot (DOT)
- Avalanche(AVAX)
- Litecoin (LTC)
- Cosmos (ATOM)
- IOTA (MIOTA)
I have already severely limited the number of possible coins. The original list was around 30 coins, but after the research, the above six coins remained. Therefore please do not name others.
It's great to see someone doing extensive research before investing in a coin, and I agree about these choices. Perhaps diversifying into a couple of them is a good solution? I'll comment on some of these. I invested in IOTA a long time ago because the project itself is amazing. I was sure that at some point, with the growing concerns around the scalability issue, IOTA would finally gain the attention is absolutely deserves and become one of the top-5 coins. But that never happened, and now I tend to believe that it never will because people aren't willing to go through the difficult initial phases for the sake of a promising future, and because IOTA doesn't gain enough media attention. Then we have Litecoin, which is IMO pretty much like investing in Bitcoin, but a bit worse because it follows its patterns on a lower scale. I first invested in LTC when it cost $20 per coin and sold at $300, so it was quite a ride. Unfortunately, I could barely afford investing back then, so we aren't talking about profits that changed my life or anything. I still have a lit of LTC just in case, but I doubt it'll ever reach more than $1k-$2k. The project I feel strongest about in Polkadot. It's new, so it has more potential than those created many years ago that already went through all their pumps and dumps. It also has significant investments, attention of big market players and Ethereum co-founder behind it. I believe it can get to top-3 or at least top-5 by market capitalization, so if I had to choose one coin, that's the one I'd choose.