Despite the crypto market downturn in 2022, remarkable developments have continued to be made in the blockchain space, and 2023 looks set to be a big year.
What coins are crypto whales buying as we head deeper into 2023?Cryptocurrencies like Bitcoin and Ethereum have taken center stage as leaders of this revolution, but many other projects are driving innovation in many spheres of the economy.A multitude of blockchain investment options exist for traders looking to take positions in the industry, including DeFi and real use cases for Non-fungible tokens (NFTs).To those who are considering investing, the question remains: is this the ideal time to start and if so, what investments should be made?
First of all, no one can accurately predict where markets will go next. Therefore it's essential to only invest what you don't mind losing in case of unexpected outcomes.It's critical to protect yourself from frauds by verifying that the projects you're investing in meet all applicable regulations.
Doing your research on the people behind those initiatives is also necessary; confirming their legitimacy and checking if they have a successful track record are both essential steps.Consider also if the applications presented offer legitimate solutions to existing issues, instead of merely riding on the blockchain hype train without providing any real service.If you're searching for a potentially profitable investment, consider presales of upcoming cryptocurrencies.Read more on cryptonews.com