Meme coins, NFTs, AI crypto trading: investment vs hype

By Trey Huynh July 26 2024

Investing in anything isn’t always an arbitrary decision. When you combine that with cryptocurrency, a skeptic magnet, you have a very daunting task at hand. Despite the polarized public opinions, one can’t deny that crypto has revolutionized the financial landscape, and when something is disruptive, it creates opportunities. 

But not all opportunities are made equal. Some hide plainly before untrained eyes while others disguise themselves as fast fortune, preying on the uninformed. The crypto space can be murky and unpredictable to newcomers. While that’s the reality, it isn’t impossible to overcome.

Let’s explore some crypto investment options and analyze the good, the bad, and the profitable.

New and emerging crypto investment opportunities

When it comes to investing, it’s easy to follow the crowd and hoard all the blue chips. Cryptocurrency is no exception. Most people would tell you to buy either Bitcoin or Ethereum, often in disregard of your budget or investment goals.

The problem with investing in the big coins is you have to play with the big boys. Even if you have the budget, without the necessary experience (aka having made mistakes and paid for them), it might not lead to profit.

While it’s not an entirely bad idea to start buying BTC/ETH right away, a more low-risk approach steers you into the deep corners of Altcoins, Memecoins and tokens. Ethereum is technically considered an Altcoin, but it’s become so mainstream that it’s no longer just an alternative investment.

Altcoins and Memecoins are pretty much anything that’s not Bitcoin or Ethereum, with Memecoins having an even more niche community of their own. Due to them being created mostly for entertainment, Memecoins are heavily underestimated and often dismissed by traders, especially short callers.

There is a small but passionate community that has been faithful to the performance of Memecoins. Some of these believers are prominent influencers in the crypto space, including Ash Crypto, Vivek, Elon Musk, and many others. 

One of the most appealing aspects of Memecoins is their price. Even the top performing coins like Dogecoin or Pepe will cost you next to nothing. Investing in these coins may leave a lot of people wondering what’s the point? It appears to be low risk low rewards, but when will there ever be a sizable profit?

Well the answer doesn’t lie in the numbers, but consider this as a gateway into the crypto investment field. Trading and playing around with cheap coins (that have potential to 10x) can help you ease into exploring bigger options, like ETH. Besides, almost any of the Memecoins has the potential to blow up, even if it’s only for a day or two. That would be enough for most of us to cash out.

This doesn’t mean you should go and buy all the Memecoins in the market. Any amount of investment requires thorough research and consideration. Many Memecoins are extremely ephemeral, designed solely for a quick cash grab. A good way to find the right coins to buy is to follow reliable crypto influencers and monitor the market carefully before making a purchase.

What are NFTs and are they a good crypto investment?

Stay in the crypto space long enough and you’ll start to hear about NFTs. They stand for non-fungible tokens and can have various degrees of value depending on the network they belong to. You often see NFTs being associated with attractive pop-art and eye-catching images and people paying a lot for them. The thing is, the art itself isn’t the center of bargain here, but actually the set of codes that made the token on a blockchain. Each NFT is a unique set of codes on the blockchain so essentially you are buying exclusivity. 

In the past, NFTs made waves in the crypto investment field as people flocked to the grand idea of being the sole owner of something. The allure of having an asset no one else could ever get unless they paid you for it had caused NFTs to skyrocket in price, some of which ended up costing millions of dollars.

The popularity of NFTs has subsided somewhat, but their uses remain prevalent in the Web3 gaming space. These tokens are needed to represent items and progression in the games and they’re only getting more sophisticated. Most Web3 games are designed on a play to earn model so having the related NFTs always holds value. But how much value really depends on the platform the tokens belong to and the participants of said platform.

Risks of using NFTs

NFTs are famous for their speculative value, but they’re infamous for their volatility and, worst of all, the unrelenting cycle of frauds surrounding them. 

Most tokens, especially newly minted ones, Memecoins included, don’t live to see a second week before people lose interest due to lack of hype or the creators simply abandoning the project, often making away with all their investors’ money. This is referred to as a rug pull.

Before deciding to invest in NFTs, keep in mind that a majority of them ever made it to the billboard. In fact, an extremely small percentage of NFTs, such as the Cryptopunk, Axie Infinity, or Beeple collections, takes up most of the market value. Of course, you could run into a miracle and purchase the next OceanFront token, who knows, but wouldn’t winning the PowerBall be so much better?

AI-powered crypto investment platforms

When you just don’t have the time to figure any of this stuff out but still want a piece of the delicious crypto pie, let someone else do it for you. AI-powered crypto investment has been gaining traction in recent years due to its automated nature and the precise trading execution based on logic and data analysis. 

Having a reliable AI-powered crypto investment platform at your service can provide tremendous value. You can make the most of your time while still maintaining a portfolio. A lot of times traders make decisions based on emotions and rumors. AI crypto trading isn’t affected by any psychological factors. When you’re in the early stages of learning about crypto, using AI-powered crypto investment could give you a head start in it all.

All in all, exploring crypto investment options can be a thrilling and rewarding experience if approached with the right mindset. Remember to do extensive research, consider your budget, and sleep on high-stake decisions.

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