Why investors focus on crypto tokens with tangible use-case like TOUR token
One thing to always note when investing in crypto is that it is a roller coaster journey. Due to the incessant value fluctuation of price. Some happen over time and some are instant.
“The extreme volatility in bitcoin prices makes many investors wary of investing in the cryptocurrency. Yet others view it as owning a venture capital-backed asset since the digital coins have receieved more acceptance as an alternative asset. — U.S. Money News”
It is however important to state that even though some people have gotten lucky and made huge amount of profits from the volatility, some people have been burned too.
Regardless of your risk appetite as an investor, the goal is always to make profits. Therefore, creating an efficient portfolio where you can balance your investent through careful selection of assets based on your risk valuation is a necessary skill for all investors.
There are 2 main types of crypto coins to invest in:
- Shitcoins: shitcoins according to general perspective is supposed to be a risky and bad investment but usually have extreme profit potential before it crashes. how to know a shitcoin? look through the nature of the coin, the lack of tangible use-case, history of failed or un-delivered promises, zero purpose. The term shitcoin was coined in different groups and forums when crypto heads want to refer to a bad investment, hence the term “shit” and “coin”.
However, there is a silver lining here. Tons of people have profited heavily by pumping and dumping these coins, which is usually facilitated by crypto pump groups. You can learn more about shitcoins on Daniel Jeffries article “Mastering Shitcoins — The Poor Man’s Guide to Getting Crypto Rich”.
- Coins with Tangible use-case: As mentioned earlier, smart investors look for important information about a coin before investing in them. Factors like the coin purpose(use case), the max and circulating supply, the history and growth plans.
For example,
Bitcoin Cash (BCH) was created because the increase in popularity of bitcoin led to data blocks being filled up fast thereby slowing down bitcoin transactions and increasing transaction fees. BCH was built with data blocks that can store 8mb of data and was listed at a price below $500. Over time it hit a record high of $3923 price.
Another great example to look at is the TOUR token
TOUR token
TOUR token is a Defi project created to solve the problem of exchange for tourists and travellers. With a total supply of 200,000 and already burned about 20,000 tokens in 4 months, it shows the team behind this are very deliberate about the growth and this reflects in their decisions.
This token was migrated to Binance smart chain network just Q1 2021 and already listed & trading on Latoken exchange and pancakeswap. Looking at the road map, they plan to launch an app, list on Probit and Binance by Q3 2021. These are important information Smart Investors pay attention before heavily investing in a project.
you can learn more about TOUR token on their website www.yearntourist.com
Generally, crypto investment will be one of the biggest wealth accumulation opportunity for this millenium. I remember Bill Gates interview with David Letterman in 1995 about the internet, “This will be the next big thing” he said. Smart investors positioned themselves are mostly the billionaires we have now.
The next generation of billionaires have started building their wealth through crytocurrency. The question now is, do you still want to wait to find out if truly people will become billionaires in the next 5–10 years OR would you rather join in and find out if you could be among the next set of wealthy individuals in the new generation?
The race has begun, now the choice is yours to join or keep watching.
