It’s been about seven years since I’ve paid any attention to the world of cryptocurrency. A lot has changed since then. There are now THOUSANDS of coins in the world. How do you figure out which ones to pay attention to?
I started by checking the coin ratings at isthiscoinascam.com. I only gave serious attention to coins rated at least 6.0 (Good), which at the time of this writing is 67 coins. I also looked at some of the coins rated between 5.0 and 6.0 (Above Average), but only if they had names that sounded interesting. For the most part there wasn’t much worth looking at below 6.0.
For each of those coins, I took a look at the profile and statistics at coinmarketcap.com. I eliminated anything that had a focus that didn’t seem very interesting to me, anything that looked like it had peaked and was on the decline, or anything that had numbers that didn’t look right to me.
That left a handful of coins that seemed like they were worth holding as investments (to me). I’m not looking for insane 10x+ returns, but rather some solid growth over the next few years. In other words, I’m looking for assets rather than lottery tickets.
The ones I decided that I wanted to hold some of are:
Honorable mentions (things I’ll consider getting) are:
Of the good choices, the one that seems to have the most potential is Ravencoin. I’ll have to look into that in more detail.
With 13 coins in the list of things I want to hold on to, it should be pretty easy to build a diversified portfolio. Some things will do well, and some won’t, but I think cryptocurrency is still on the rise and chances are good that there will be a significant positive return.