Meta-Description: With over 9,000 cryptocurrencies in the market, it’s easy to get overwhelmed. These top 4 tips will help you navigate the crypto maze.

The cryptocurrency market is thrilling yet so intimidating despite the fact that Bitcoin (and its competitors) started gaining popularity well back in the 2010s.

Of course, it can be thrilling especially when you consider that users made $888 on average in 2023 – that’s practically just money that’s screaming to be claimed!

But still, there are a lot of mixed opinions as well as skepticism in the market. Worry not because we got you covered with these quick 4 tips that will help you decide and navigate the cryptocurrency market.

Confused which cryptocurrencies to invest in? Consider these 4 key signs:

1.    Market Capitalization

Market capitalization tells you about the total value of circulating coins – mined or created and currently available – in the market.

Established currencies have higher market capitalization and they offer more stability – like Bitcoin or Ethereum.

­Smaller cap coins have potential for higher growth (and high risk too!).

2.    Cryptocurrency’s Purpose

The purpose behind the cryptocurrency’s development, as well as its development technology, greatly impacts its value.

So, ask yourself questions like does it solve any real-world problem or does the development team have a strong track record?

For example, CHIA is one such crypto that offers revolutionary data storage technologies. You can learn more about CHIA and other similar cryptocurrencies by visiting Immediate Edge (more on that later).

3.    Community And Adoption

A lot of cryptocurrency’s value comes from its public perception, trust, hype, and engagement that it builds within the community.

Along with real-world use cases, look for projects that have highly engaged and active communities with large social media followings or adoption in businesses and organizations.

4.    Your Time Investment

Understandably, cryptocurrency investment demands constant vigilance and it’s never recommended to invest more than you can afford to lose.

Since nobody likes losing their hard-earned money, people are rather inclined to commit extra hours to really capitalize on their investments.

Here’s how you should approach depending on time available to you:

• Under 30 Minutes Daily – invest in established cryptocurrencies and go for buy-and-hold strategy.

• 1-2 Hours Daily – study charts and price trends, do technical analyses, and stay updated on news and social media discussions to gain an edge.

• Full-Time Commitment / Day Trader – Extensive research, technical analysis, and use of sophisticated tools such as that on Immediate Edge are essentially crucial for success.

What’s The Next Step?

Did you know that there are over 9,000 cryptocurrencies in the world; it is only understandable that even the most experienced professionals can get overwhelmed due to this fact.

No worries, Immediate Edge got you covered.

With Immediate Edge, you can too become an expert trader. It has all the tools, resources, and step-by-step guides to buy and sell the right cryptocurrencies online.

If you’re already an expert, it enhances your arsenal with the power of AI as it can analyze millions of transactions and historical data, within minutes, to give you skillful insights for your investment decisions.

The best part, Immediate Edge doesn’t charge any withdrawal or even hidden fees!Click here to learn more about Immediate Edge.