Since 2022, the entire cryptocurrency market has come under a strong correction, some assets have completely left the market, some have lost their value. Regardless of the correction phase, funds, large corporations with billions in turnover, are fundamentally behind the projects. There are many projects that are actively developing even at the correction phase, according to their roadmap, in general, they have great and necessary functionality for the cryptocurrency world and new technologies. People believe in Bitcoin, in its growth, but it is difficult to expect a 300% price increase in the short term. In this case, it is better to focus on new projects, they should be invested in, and some are already on the market, but have not yet shown their potential.
What risks should be considered when investing in cryptocurrency?
Before buying a cryptocurrency, investing in digital assets, you need to understand the possible risks. The sphere is not regulated, there is no protection from scammers, hackers, and also, it is important to find the right “entry points” to the asset, at a favorable price. It is not uncommon for beginners to make purchases of assets at the peak of price formation, followed by a correction, and hence an unrealized loss.
The project can be promising, with an excellent team, idea and implementation, but if you buy coins at a high cost, you will need to bear losses in the short term. At the same time, it is better to invest in fundamental projects than to invest in temporary hype.
It is always important to remember that long-term investors earn many times more than short-term speculators, so young projects with the prospect of growth by hundreds to thousands of percent in 2023 and instruments already known on the cryptocurrency market in which you can safely invest part of the funds with a view to 2023 will be presented below. -2025 year.
Rules for long-term investment
There are several rules to keep in mind. Investors in any market are always analyzing and looking at a number of factors. The main ones are:
- News background. A person does not have to scroll through the news feed every day and study a lot of material. It is important to filter the topics, and important news includes listings on stock exchanges, partnerships with large funds, technical changes in the project itself, and attraction of new investments.
- Benefit of the project. The asset should be of future benefit and have an impact on certain areas today. Considering platforms for DApps, you can talk about quality by technical characteristics – network speed, efficiency, and other advantages. For gaming assets or DeFi, the community, the growth, and development of the team will be important.
- A reputation to keep track of in any project. Scandals reduce the attractiveness for long-term investors. Any malfunctions, hacker attacks, or deception of customers – it is better to bypass the type of fraud and cryptocurrency of such a project.
- Project age. In situations where the project is 1-2 days old and the creators are talking about millions in profits, a large percentage of growth, then you need to think about what the catch is. There are mechanisms to increase the price of an asset artificially. This type of manipulation is a common bubble to take money from inexperienced investors. It is very easy to increase the value of a young asset with a small capitalization, any good news can push the value up. For short-term trades, this might be a good deal, but not for long-term holding of coins.
- Liquidity. Often, bad projects do not have a liquidity pool – you can buy an asset, but it is impossible to sell it. Smart contracts can be checked here
- Community growth and behavior. If there are followers behind the project who believe in the development, then we can talk about the future of the asset. Without a community, even Bitcoin was just code.
- Readiness for risks. Any investment involves risks, but with the possibility of receiving thousands of percent of profit during the year. In 2021-2022, there were a lot of such stories, but a contribution to TOP cryptocurrencies will not let you lose all the funds on the market, but with young projects, not everything is clear.
Coming to the cryptocurrency market, you need to understand how much money is allocated for investment, how much will be included in the risks. When forming a portfolio, it is important to correctly allocate assets. Using a crypto portfolio tracker, you can track your cryptocurrency assets from one place. We will analyze several new cryptocurrencies for 2023 with the possibility of investing in them and fundamental projects that you need to buy to protect your own funds. Be sure to leave room for buying BTC, ETH and save some stablecoins in case of force majeure and the opportunity to buy coins at better prices. At the same time, stablecoins also need to be distributed, having on the balance sheet assets of different blockchains USDT, BUSD, USDC, etc.
New and young cryptocurrencies to invest in 2023
The cryptocurrency market is unpredictable and it is difficult to say unequivocally which token or coin will be the next contender for growth of several thousand percent. But there are a number of signs that will help you choose the right tools. It is better to invest in coins with a history of 6-12 months with positive dynamics, and fundamental ideas. Promising coins include all projects that complement or carry innovations, unique things for a particular technology, solve user problems, providing new opportunities.
FIREPIN Token (FRPN)
The FRPN cryptocurrency is controlled by Certik, which develops blockchain security methods using artificial intelligence to track and protect protocols, smart contracts. The project was created to solve the problem in the cryptocurrency environment by connecting the five main networks, which will give the participants an efficient blockchain chain. All transactions will be carried out faster, with minimal commission payments.
The FIREPIN Token team is a group of people who want to make the world and technology a better place. The platform itself wants to grow into a large community in the field of cryptography, tokenomeks, and all this with the help of its FRPN token. Analysts are confident that in 2023 the price of the asset will rise rapidly. Token holders will receive a 2% commission on all transactions within the network, so the longer an investor holds the token, the more coins accumulate in the long run.
The asset is issued through the Ethereum network and is designed as the main currency for the Kik Messenger ecosystem. Kinship (KIN) is a project that aims to strengthen the connection of the Kik community. The ICO took place in 2017 with a total raised capital of $100 million. In 2019, KIK Messenger sold MediaLab so that the token would continue to work even during the courts between KIK and the SEC.
The trial ended at the end of 2020 and until 2023 the project team must report to the SEC for the digital token sale. At the moment, KIN is in 550th place in the CoinMarketCap rating, starting a gradual recovery after the corrective phase of the crypto market.
ARE is a relatively new coin, a project that has entered the minds of many people, many famous people in the world own a premium-level token. The release of ApeCoin was able to add a coin to the cryptocurrency market, which is created on the “NFT monkeys”. The project has great prospects for the future and potential for growth in 2023 and the next 5 years.
The cost of ApeCoin is in the range of $4-6. The listing on the exchanges took place in March 2022, and based on the community, plans, and a number of factors, we can assume a forecast for the long-term prospects of the token:
Given the age of the project and the phase of the current market, the cost is below the listing values, but by the end of 2022 there is a possibility of growth to at least the previous price peak of $25 and possibly to $50 per coin.
In 2023, it is planned to implement additional methods of using the asset and ApeCoin will become a really useful tool in the cryptocurrency world. It is likely that the cost of the token will reach $90.
It is planned to introduce ApeCoin in the next 2 years in various metaverses, which will also cause demand from many investors. If this happens, the price will exceed $100 per 1 coin.