There are so many new companies joining the blockchain bandwagon. Adding blockchain tagline or just adding Blockchain Ltd to their existing company's name does help its share price shoot up in no time. As long as there's a problem statement which only a decentralized process could solve, is there any real need to move to a decentralized world?
Centralized or Decentralized, its business competition in the end for the various brands and projects while they work towards their end user objectives. Only the good ones will survive in the crypto world as it is the case with the centralized world. The bad ones may fall apart in due course of time and investors need to be wary of that. In this current bullish phase of crypto scenario, one can throw a dart at any random crypto project out there and still see an increase in its value the next day and feel confident. But this trend may not continue forever.
As with any regular investment, researching about the project, its potential, the team behind the project, their credibility, transparency, service offerings, roapmap, whitepaper, targets achieved so far, applicability of the project, the teams engagement with its investors or followers through reddit, telegram, twitter feeds etc could all be useful tips for investment if one is planning to invest long term.
This year was predicted to be the year for altcoins and the data points has proven that in terms of marketcap so far (though very short term). While investing in these projects one needs to exercise caution and research accordingly. As its said, always invest what you are prepared to lose as its your hard earned money. Truly hoping the bullish run continues this year and helps investors around the globe make profits . However one needs to remember that the random wild dart game may not last forever!
Legal - This blog is only my personal opinion as a crypto enthusiast. This article is by no means recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
