The cryptocurrency industry has been continuously rising ever since the growth of bitcoins. Whereas one BTC valued around $0.30 in 2011, it had a value of over $10k.
Anyone, who is investing in cryptocurrency, is now enjoying good returns. The same is true for many other cryptocurrencies like ETH, Ripple, and more. This is the reason why people are so actively focusing on investing in ICOs than most other markets these days.
An ICO (Initial Coin Offering) is a coin crowdsale conducted by any new cryptocurrency startup with the aim to raise funds for their crypto project. So, if you are planning to invest, an ICO would be the perfect option for you.
Looking for the right ICO to invest in 2021? Try KahnChat ICO. It is backed by a super amazing social mobile payment app. You have to make the cryptocurrency investment strategy to analyze a cryptocurrency’s investment potential.
The next thing to do is plan out your investment to ensure maximum profits from ICOs. Here’s how to do that.
Tips To Analyze A Cryptocurrency’s Investment Potential
Invest in the Concept
Instead of investing in an ICO or in the token, invest in the idea. The token’s capability to produce revenue in future depends a lot on the power of the concept behind. Invest your money in an ICO that is based on a unique and futuristic concept.
Look out for Bonus Deals
New ICO startups usually offer bonuses or some other kind of offers on the sale of their tokens. You can get more profits and make more money by securing bonus tokens. The key is to buy early and buy the right amount.
That is a really sweet deal and probably the best you can find in the market. Most companies offer a higher bonus to their early buyers, so try to get involved in the pre-ICO stage.
Hold the Tokens
This might sound strange. Most people would buy cryptocurrencies with the purpose to resell them or exchange for BTC or other currencies. However, the value of tokens increases only with time.
Instead of selling your tokens right away on the market price, you should wait for a few months for the rate to increase (which surely will happen). Even if you want to sell the coins right away, hold at least a few of your tokens for the long term.
The best way to earn an instant profit is by selling your tokens. The price of a crypto token starts increasing once it is launched on exchanges. You can sell some of your tokens if you are getting a good price for them or trade them for other cryptocurrencies like ETH or BTC which are already growing huge.
The growth of the crypto industry has attracted many fraud parties that accept investments with false promises. Be aware of such companies while choosing the right ICO to invest in. ICO is a simple investment option, more or less same as other investment markets like IPO and the stock market.
You need not overthink or try out special techniques or models in order to get success in this industry. Just keep it simple, choose the right ICO, read the terms carefully, understand the risks and enjoy the benefits.
If you are looking to invest in ICOs, be sure to do extensive research on the company that interests you and keep an eye on trending tokens to analyze a cryptocurrency’s investment potential.
From the above discussion, we can conclude that investing in cryptocurrency is the better, secure and easiest way to earn more money.