How To Invest $1000 In Crypto To Become An Altcoin Millionaire

With 2022 slowly approaching, now is the time to get together a game plan for how to make the most gains you can in crypto. CryptoBusy, a crypto news, coin, token, and wallet reviews Youtube Channel, has revealed the recipe to investing $1000 in crypto to become an altcoin millionaire.

Fear and Greed

So the first thing is to be aware of other people’s emotions in this market.

Fear and greed are a good indication of where we are in the market. The famous saying of “be greedy when others are fearful and be fearful when others are greedy” and that’s really important to be aware of when it comes to crypto investing.

Bitcoin Technical Analysis

At the beginning of 2021, Bitcoin was around 30,000 dollars. It went to a top of around sort of 70,000 dollars and now we’re sort of trading around sort of 47,000 dollars and trying to reclaim the $50,000 region. BTC’s price is $46,839 at press time.

BTC Chart Coinmarketcap

BTC Chart | Source: Coinmarketcap

Investment Picks

Holders should focus more on the altcoin position to increase further on Ethereum. Some more candidates are Solana (SOL), Cardano (ADA), Ripple (XRP), and some well-grounded projects such as Polygon (MATIC), VeChain (VET), Helium (HNT), Harmony (ONE).

The trends are looking towards a gaming industry are going to be massive for the blockchain community and vice versa. So, traders can have a look into gaming coins and NFTs as well.

2022 Predictions

CryptoBusy’s predictions for 2022 are more countries will adopt Bitcoin as legal tender like El Salvador. But then also at the same time, people will a battle with other countries of increasing the regulation for Bitcoin and trading cryptocurrencies. That’s going to be really important when it comes to 2022.

Hundred thousand dollars per Bitcoin will also be significant not only for Bitcoin but also for the altcoins. Ethereum will be going to 10,000 dollars.

Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587

 

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