With Terra (LUNA) down 6.04% and Solana (SOL) down 4.72%, we are reminded of cryptocurrency’s volatile market. Almost all of the top ten cryptocurrency coins have fallen today, making it clear how much caution is needed for crypto investments, even in the most established currencies. FIREPIN news…
This leads me to question whether now is the time to move away from the top ten organisations and instead invest in new presale coins, that are due for release in 2022, like FIREPIN (FRPN).
What are the potential risks of investing in presale cryptocurrencies?
As always with cryptocurrencies, there are risks associated with investing in presales. For example, if an announcement doesn’t go ahead as scheduled, you run the risk of losing the money that you’ve invested. You’re also subject to the hype from the organisation with little to no evidence that they’ll follow through on their roadmap and promises. Like with any investment, you have to be willing and aware that it’s a gamble, with no certainty that it will pay off.
Cryptocurrencies are infamously volatile, fluctuating drastically. This means that regular investments require watching the market closely while keeping a close eye on movements. Buying crypto during its presale runs the risk of watching the value peak after release and then quickly fall to a much lower price.
What are the advantages of investing in presale?
However, presales are where the ‘get rich overnight with cryptocurrencies’ perspective comes from, as putting an early presale contribution into the coin can produce huge profits in the future. When investing at ground level you can buy crypto at a much lower price and watch as your investment increases in value. Currencies like Ethereum had an early price of $0.001 per coin, which rose to $2.50 within two months, showing the vast potential for presale profit.
FIREPIN (FRPN) is a promising new cryptocurrency that has already risen 2000% since 4th March, and with its launch scheduled for 27th May, there’s lots of potential for further growth. If FIREPIN gets listed on a popular exchange site like Coinbase, there is even more possibility of a profit increase. Before its launch, FIREPIN investors can watch as the coin’s value climbs up, protected from the volatility of the cryptocurrency market until release.
Why is now a good time to invest in presales?
Established cryptocurrency platforms, like Solana (SOL) and Terra (LUNA), are incredibly expensive to invest in now that they feature on popular exchange sites and have secured stable positions as two of the top ten cryptocurrencies. The early ‘get rich quick’ money has been made on these coins, and without a huge budget to invest, there’s not the same cheap, quick-profit possibility. Pair this with the current dip in market value for the majority of high-ranking cryptocurrencies, a move towards investment in new, presale coins looks like an attractive option.