Choosing the right crypto for you
Once you understand how cryptocurrencies are categorised, it becomes easier to choose the right one for your portfolio.
Some of the more important factors include:
Investing strategy — consider whether you’re more interested in a long-term store of value, investing in blockchain innovation, or stable coins. Having a clear strategy can help you to resist hype-driven trends and focus on your financial
goalsProject fundamentals — analyse whether a coin has a clear use case and technical vision, with a competent team and strong, active community. This includes checking whether the project boasts external audits, partnerships or backing from venture
capitalRegulation and security — cryptocurrencies can be vulnerable to hacks, bugs and rug pulls. Check the security model (for example, PoW, PoS) and continually check regulatory trends as not all coins are treated equally, with some coins banned in certain
jurisdictionsDiversification — many investors prefer to spread their investment across different types of crypto, including Bitcoin, Ethereum and a few other altcoins. Diversification by category reduces the chances of your entire portfolio being wiped out by the failure of one investment
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