[Technology](https://goodwordnews.com/tech/) Investing in crypto in a bear market People started talking about another crypto winter in January, when the price decline had wiped $1 trillion (roughly Rs.77,69,223 crore) in value from the November peak.Prices rebounded in March, restoring some of the losses.But we are once again in the middle of a massive crypto crash and while that means the majority of new retail investors aren’t convinced if crypto is a good investment, there are ways to start a portfolio now, without having to run.the risk of losing big.To start, here’s how far the major cryptocurrencies are down from their all-time highs.
Bitcoin is down 58 percent Ether is down 62 percent BNB is down 55 percent Cardano is down 84 percent Solana is down 83 percent Dogecoin is down 89 percent Polkadot is down 83 percent So, what should a new investor do? If I was starting out with crypto and had zero budget, I would earn free crypto.There are 2 ways to proceed: 1.
Airdrops New crypto startups are using airdrops as a marketing strategy.They offer free cryptos in exchange for promoting their website and social media accounts.You can get a list of the latest airdrops at coinmarketcap.com and airdropalert.com.2.XXX and Earn programs Many cryptos organize small courses to raise awareness of their project.You have to watch a short video and take a short quiz and you get free cryptos.
It’s called Learn and Earn.You can also earn free cryptos by playing online games (play-to-earn) or even walking (move-to-earn).Once you decide to move to the next level, you should focus on solid unlisted projects with strong prospects.But how do you evaluate a new crypto project? Use the ROHAS method – Income, Organization, History, AlgorithmAnd Social.
Understand and analyze how the project generates income for the ecosystem and what is the overall economic impact of the project? This information can be obtained from the official website and the project white paper.The organization/team (founders, developers, company) must be highly qualified and respected, with strong prior experience, strong credibility and positive status on social media.This information can be obtained from team members’ LinkedIn profiles.
The project must have shown strong growth in active user numbers and transactions.The consensus mechanism and technological platform must be robust.This information can be obtained by analyzing the project’s GitHub repositories.
The project must have a large, vibrant, active, engaged and positive community with a fair share of fanatics.The main social platforms are Discord, Facebook, Instagram, LinkedIn, Medium, Reddit, Telegram, Twitter and YouTube.Rohas Nagpal is the author of the Future Money Playbook and the chief blockchain architect of the Wrapped Asset Project.He is also an amateur boxer and retired hacker.You can follow him on LinkedIn.Cryptocurrency is an unregulated digital currency that is not legal tender and is subject to market risks.The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV.NDTV will not be liable for any loss resulting from an investment based on any recommendation, forecast or other perceived information contained in the article.
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