My two cents on investing in cryptocurrency.
(1) Do proper research and invest in coins with good fundamentals
Identifying cryptocurrencies with high potential is not straightforward and requires extensive research. There are a few factors you can consider to help, such as the core team members credentials, adoption metrics (e.g. number of users, revenue), quality of technology, and token velocity (i.e. percentage of tokens staked or locked up).
(2) Be realistic about the expected returns
You’ll hear exciting stories about people making insane 1000x returns. These are called moonshots and typically involve buying small-cap coins - most of which fail. You should just put a small percentage of your crypto portfolio in moonshots and consider them “gone”. If they fail, at least you expected it. In the off-chance they soar, good for you!
(3) Take time to read and learn about crypto developments
The world of crypto is constantly developing. Other than sending money, cryptos are being used for purposes like decentralized finance, NFTs (non-fungible tokens) and web 3.0 applications. Increasing your knowledge would enable you to make a better judgement and not fall easily into hypes and scams. In particular, I do not recommend investing in memecoins with no use cases.
Investing in crypto you have lots of reasons to trust and interesting features that engages many like stakeable coins with potential such as AWC token. I know a coin like this will go far, so I see it as good investment. More info about AWC token - https://atomicwallet.io/token