Bitcoin was the first but will not be the last.
Cryptocurrency is the latest technological advancement to provide a new perspective to view economic questions, with technology the forefront of the solution. New start-ups are cropping up all the time as the technology adapts to meet the needs of the different markets it can serve. What works in the US won’t necessarily work in the DRC.
However, finding the right token and timing their buys proves to be one of the hardest issue retail investors (you and me) face when investing in cryptocurrency. There are infinite mining, staking, IDO programmes available to secure tokens, it only needs one to get big to make something substantial.
Thats where Polkastarter (POLS) comes in. Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralised, permissionless and interoperable environment based on Polkadot. Initially launched on the Polkadot network, Polkastarter now spans BSC, Solana, ETH, Polygon, Avalanche and Celo. They highly vet ideas and teams so projects launched are less likely to end up being scam. Supported by industry-leading creators and funds this project looks like it has a long term support base which is a key factor in whether a cryptocurrency has real world value and use case.
Feel free to explore their platform here - https://polkastarter.com/
Where our interests comes in is with their token POLS needed to utilise the platform fully and support projects through IDOs. The price has been dropping like the rest if the crypto market since 2022 has started, sitting between $1 - $0.5 with price of $0.61 at time of writing. While nobody knows exactly what the market will do, this token is a long term play and will require an investor to be able to be comfortable with any bear market eventualities.
Patience is essential here, the next significant bull market in Crypto (like one starting Q4 2020 - Q1 2021) could potentially start sometime in 2024, which gives an idea the sort of timeline this will have to be held for. The target selling for this coin is $100 or close to $100 per token, which from $0.5 (a likely price possibility at some point), that is an almost x200 on initial investment! This means $100 at 0.5 becomes up to $20,000 if POLS reaches $100 a token, and bear in mind POLS can get cheaper than $0.5 to buy.
This token can be bought on many exchanges and DEXs, Binance is regarded by many as the most trusted and is the one I use and have my POLS on.
Join Binance - https://accounts.binance.com/en/register?ref=GFC4KQLD
It is important to set out a plan before you start investing, and only invest what you are prepared to lose in a worse case scenario. This is just one opportunity cryptocurrency presents and it is important to not put all your eggs in one basket, most fund managers don't recommend any higher than 20% of a portfolio to be invested in Crypto. It is completely up to you how or whether you look for this one but remember this is a long term project and if it eventually does get anywhere near $100 it would be wise to take the initial investment out and play with the profits.
Disclaimer : I’m not a certified financial planner/advisor, nor am I sponsored by anyone to promote this content. I’m someone who believes and takes pride in a sense of freedom and empowerment that one can from being financially competent and conscious in managing their family’s money. The contents on this site are for informational purposes only and does not constitute financial, accounting, or legal advice. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
