Should you buy established coins and get stable but smaller returns or go for solid projects and ICOs like Toon Finance whose token price has doubled?
When it comes to investing in cryptocurrency, there are a couple different approaches you can take. For example, you can be a long term investor or a short term trader. Which ever of the two you pick, you can either buy established tokens like Bitcoin and Ethereum, or invest in smaller projects with a higher chance of seeing great returns.
So which option is the better investment? Will it be the big, established names like Bitcoin BTC, Ethereum ETH, Dogecoin DOGE, Binance BNB, or something smaller with a chance of doing exponential returns?
Let’s take a look at the pros and cons of each approach to see which one makes more sense for you.
Established tokens vs smaller projects
Cryptocurrency has come a long way since its beginnings, with established tokens such as Bitcoin and Ethereum leading the charge and becoming household names. Surprisingly enough, Dogecoin suddenly boomed into its current value that frankly, we can all believe no one expected.
But small projects are looking to change up the crypto landscape and enter the market with something new and exciting. People often forget that Ethereum was once considered a small project. These small projects work hard to be innovative and give something new to investors, but face the challenging hurdle of competing against tokens that have been successful for many years.
Despite their adversities, these small projects offer amazing potential for growth, diversification, and opportunities not easily accessible from well-established tokens. After all, while everyone expects Bitcoin to still go to at least $100,000, no one expects it to go x1000 from its current price. x1000 is a big number, but it’s not that uncommon with smaller projects.
While it can be intimidating to enter a market flooded by established tokens, confidence is high amongst small…
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