Now that the “crypto winter of 2018” weeded out 90% of the scam coins and poorly constructed startups, there is room for true innovation to shine. That’s not to say the market will take off again as it did in years past but now that valuable projects are getting attention, mainstream crypto adoption is coming soon. So before you throw away your money at another “shitcoin,” invest in these startups and you might double your money soon.
INVEST IN STARTUPS WITH UTILITY
As mentioned before, many crypto startups in previous years lacked utility. With nothing more than a well-written whitepaper and some bold ideas, investors. ultimately discovered they had nothing of substance. In 2019, we’re already seeing a dramatic shift towards startups with true utility. These startups are useful, profitable and beneficial to other industries. When other industries can intertwine with blockchain technology, that is when we will see mass adoption.
INVEST IN STARTUPS WITH TRANSPARENCY
Transparency is when one behaves in a way that is easy for other people to see precisely what actions are being performed. You’ve likely heard this word thrown around many a Telegram group in the “cryptosphere.” Yet not all startups truly follow these claims. Therefore, it’s in your best interest to invest only in startups that pride themselves on clear, communication and universal transparency. In the end, the honest projects are the ones that will survive and give you the best return on your investment.
START TO INVEST IN STARTUPS NOW
The market is growing slowly right now, but it’s never too early to start preparing. Hence, start digging in and researching startups with utility, transparency and other traits that are in line with your personal beliefs. Once you’ve compiled a list of well-researched startups, it’s time to invest.
Crypto backed lending platforms are gaining traction with many miners and investors. This is due to their user-friendly interfaces, near instant deposit/withdrawal times and attractive referral programs. YouHodler is one such platform that has all these qualities and more. By putting up crypto as collateral, you can receive a cash or USDT loan nearly instantly. You can then use these funds to invest in the promising startups we just talked about. That way, you prepare your portfolio for mainstream adoption without spending too much of your own money. Check out their site to learn more.
Cryptocurrency is something imperative and necessary.