What is the Best Crypto to Buy Now?

Anyone who’s group knows them as “the guy who’s into crypto” has gotten the text message. The market starts to move, headlines are made, Bitcoin is smashing through all time highs and everyone starts sending pings. 

“Will it keep going up?” 
“Is it a good time to get in?”
“What cryptocurrency should I buy?”
“I heard a lot about XRP, is that a good one?”

Well, friend, today we answer these questions (not the XRP one though, no comment). We’re gonna give you easy answers you can pass on or, even easier, a link you can quickly share with the inquisitive (but NFA, DYOR ofc). 

Let’s get it on.

What does “the Best Crypto” mean?

What’s your risk tolerance? Crypto trading has got everything from straight up lotto tickets to one of the largest assets on the planet. Are you in this to gamble zero-or-hero-style? Maybe you just want to make a few quick bucks on the hype while you explore? Or is this a new long-term investment? 

We’re going to deal with each of these styles in turn but first we need to talk about the central factors to consider:

• Market Capitalization and Liquidity

• Security and Development Track Record

• Transaction Speed, Fees, and Staking Rewards

• Utility or Real-World use Cases

Depending on where in the investment risk spectrum you land, some, all, or none of this stuff is going to matter to you. So instead of getting in the weeds about it, let’s instead talk in terms of what you’re here for.

No Crying in the Casino: Trader Level - Degen

There’s no escaping the phenomenon, meme coins are hot. We’re assuming you already know what they are, if not there’s a blog here you should read. Suffice it to say, with deregulation, ease of creation, and possibly life-changing returns they’re popular. And they are based on speculation only.

How do I trade meme coins?

The short answer on this one is you need tools. Without a trading bot you’re gonna get destroyed. We’ve been in memes since before it was cool and we built the most widely used telegram trading bot in the market Trojan on Solana which has everything you need (limit orders, auto selling, copy trading, etc.) But your real question is:

How do I trade meme coins profitably?

Speed and information. You need to get in early, get out quickly when the tide turns, and minimize your risk.

• Be early - watch news, your social media feed, and politics to find new trends, search for coins associated with those trends, buy them as quick as possible.

• Get out - 99.9% of meme coins go to zero. If it’s not something with real staying power, a strong virality, you want to get your money and exit quick.

• Risk Control - Preplanning makes the difference. A common tactic to put risk at zero is to sell 50% at 2x. Then, if it’s a runner, sell small amounts on the way up to lock in the win.

The good meme coiners, through experience (or being insidoors), know what will run well and sell in chunks on the way up and you can learn from them by finding their wallets. But the greatest meme coin stories come from regular guys who bought in early and didn’t sell a cent until it was worth millions.

Man in the Middle : Trader Level - Hedges with Benefits

Let’s be real. Crypto is crazy, but volatility is attractive. Big swings bring the opportunity to capture the changes with some alts (non-BTC coins) and funnel the profits into major coins (BTC, ETH, SOL, etc.) or stablecoins. 

People in this middle area are going to have the majority of their stack in the majors and will take a percent to build with. The general practice (if you don’t hold cash or cash equivalents like USDT/USDC) goes as follows:

• 50-80% in BTC (as a store of value)

• 10-30% in another major that you can trade with (SOL, ETH, etc)

• 5-10% in large cap alts (best to pick a sector like RWA, Gaming, Yield and focus on it)

• 1-5% in microcap moonshots, if they do well you make massive returns, if they flop it doesn’t hurt too badly.

As always there’s wiggle room in this, but it’s pretty good practice for a strategy to potentially capture upside without positioning yourself for complete annihilation.

Solid as a Rock: Trader Level - Big Boys Only

This one is pretty simple. Top ten coins. These guys hit up one of the listings sites (CMC, Coingecko, etc), and only buy the first page. Majority is still going in Bitcoin, smaller percentages of the others. They are in it to buy, maybe make a couple trades, stack dollars or get a significant position. This is by far the least risky trading category to be in, but also the least likely to net you large percentage gains in value. 

So, ponder on your place in all this. Think through your goals. And in the meantime, let’s circle back to answer our first questions.

Will It Keep Going Up?

The largest asset in crypto (BTC) has repeatedly pulled 75-80% pullbacks over it’s 16 year history. It has also increased from pennies in value to over $120,000. Ethereum, the second largest market cap coin likewise has massive, even crushing pullbacks in dollar value only to find a base and run up to and far beyond previous all-time highs. So the answer is a two-parter.

1. Memes will generally die fast, painful deaths. Altcoins mostly have a lifespan and then bleed out over a long timeline. Majors and the cultish coins can last and last, but even some of those eventually collapse (think LUNA, SAFEMOON, FTX for a few). Bitcoin is, seemingly, immortal.

2. Crypto tends to move in cycles closely tied to Bitcoin’s bull and bear markets. So if you are in Bitcoin during the bullphase (or in almost any other high market cap coin) it will usually continue up. But when the bull ends everything goes down, and whatever survives the subsequent bear market will ride the next Bitcoin bull.

With the continued devaluation of the US dollar almost everything else becomes more expensive. So on a long enough timeline, if the coin doesn’t die,  it will keep going up. 

Is it a Good Time to Get In?

If you ask a Bitcoin maxi, it’s always a good time to get in. But best practices? Slowly build positions over time, reserve large amounts of capital to buy heavy on assets you believe will do well after they have large pullbacks. But if Bitcoin goes to a million dollars, Ethereum goes over $20,000, Solana breaks $1k, are you going to look back and quibble over the 10-20% price difference between where you bought and where it pulled back to before going up again? Probably not.

What about the rest you say? Well, general rule is:

• Alts - buy the ones you think are good when they’ve pulled back by at least 75%, most times 90-99%.

• Micros - look for price-flatlined projects that are still building and active or get in on announcements to ride the hype. The old adage is: Buy the rumor, sell the news.

• Memes - only one rule, Be early.

There are always going to be more opportunities, more projects, more coins. The wonderful thing about crypto is that it is incredibly free and open. People are always building and innovating and designing and playing. Don’t marry your bags and don’t be afraid to take a gamble. 

Conclusion

There’s so much to learn and so many tools available out there to help. We here at Trojan on Solana are constantly building to help you win in the market. So we’re also creating a host of free resources to help you understand trading and the world of cryptocurrency.

Check out some of our training materials here.

And if you’re ready to get started trading on Solana let’s get you going with our industry leading Telegram trading bot here.