10 Best Crypto Tips for 2024: What You Need to Know

Although the crypto asset industry is now firmly in a bear market, plenty of investment opportunities remain available.

This guide aims to discuss ten of the best crypto tips on how to be good at crypto trading and the best strategy for crypto to boost returns in 2024.

Best Crypto Tips Today – Explained

The top crypto tips discussed in this section offer insight into how investors can maximize returns from this industry.

After all, just because crypto is in a bear market doesn’t mean there aren’t investment opportunities on offer. Below, we discuss the best crypto trading tips to consider right now:

1. Join a Reliable Crypto Discord – Learn Which Crypto Assets to Trade From an Industry Expert

One of the best crypto tips to consider today is to follow a reliable investor or trader with proven digital asset experience. This will enable beginners to get inside knowledge of the best emerging cryptocurrencies to target and expert analysis on established coins that might be about to break out.

A notable example in this space is Jacob Bury. This popular crypto asset influencer has a growing community of followers and has one of the best Discord groups. Jacob Bury takes a flexible approach to the crypto trading scene, as he constantly scours the market for suitable trading opportunities that he can share with his followers.

Jacob Bury often looks for the best ICO crypto presales for maximum upside potential.

In addition to finding newly launched projects that are still in their infancy, Jacob Bury is also popular for his technical analysis skills. of crypto analysis.

Although much of Jacob Bury’s material is available to watch for free on YouTube, the Discord channel is where his premium content can be found. A monthly subscription of just $7.50 is required to unlock premium material and analysis before it is released to the general public.

Those wishing to receive Bury’s real-time crypto signal service can do so at $11.50 per month.

2. Look out for Crypto Presales – Inject Capital Into a Newly Launched Crypto Project

One popular cryptocurrency tip is to invest in cryptocurrency presales. While this type of investment can be high-risk since there is no guarantee of making returns, entering a project during the early stages can also offer massive growth potential.

Crypto presales are the initial offering of a cryptocurrency project to a select group of investors before it becomes available to the general public, usually at a discounted price. They offer early investors an opportunity to participate in the project’s early stages and gain access to exclusive benefits or bonuses. Presale cryptos can be an affordable way to get into cryptocurrency. With effective marketing, a crypto project can gain more visibility and attract vast amounts of capital.

Investors seeking to maximize gains from cryptocurrency may consider investing in presales due to their significant price potential. Presale cryptos allow development teams to amass capital and generate hype around an upcoming crypto project. These presales take place before the Initial Coin Offering (ICO) and usually offer crypto presale tokens at a reduced rate.

3. Join a Crypto Signals Group – Receive Real-Time Trading Suggestions on Which Coins to Buy or Sell

Next up on our list of the best cryptocurrency tips to consider in 2024 is to join a signal provider. For those unaware, seasoned traders offer the best crypto signals, informing members which trading positions to enter.

Moreover, the crypto signal should also advise what stop-loss and take-profit orders to enter to ensure that members can simply head over to their preferred exchange and enter the respective trade. From the investor’s perspective, signals offer a semi-passive approach to crypto trading, as the underlying technical analysis has already been performed.

One of the best providers to consider in this marketplace is CryptoSignals.org. This signal provider has a team of in-house analysts who research the crypto markets around the clock. Through high-level technical and fundamental analysis, CryptoSignals.org is in the game of finding profitable day and swing trading opportunities for its members.

4. Try Copy Trading – Actively Trade Crypto Assets by Copying a Seasoned Investor

So, how do you become good at crypto trading?

The crypto trading markets operate 24/7 and, thus, offer plenty of opportunities to generate gains. Moreover, there are thousands of trading markets in this space – many of which attract vast sums of liquidity. However, being able to trade crypto around the clock and make consistent profits actively is no easy feat.

After all, traders need to have a solid grasp of technical analysis in addition to economic indicators and chart drawing tools.

In a nutshell, this crypto tool feature enables investors of all budgets to ‘copy’ the buy and sell positions of an experienced crypto day trader.

After confirming the investment, all future positions will automatically be copied into the user’s account on the platform you choose to copy on. This will be at proportionate amount to the investment size. The keyword here is ‘passive’, as the copy trading feature generally does not require the investor to research or place any orders.

5. Crypto Yield Farming – Make Passive Income by Providing Exchange Liquidity

One of the best crypto tips for those in the market for passive income is to consider DeFi yield farming. At first glance, yield farming can appear somewhat complex, but once investors fully grasp the basics, the mist should be cleared. In a nutshell, yield farming is an investment product that enables investors to lend crypto to decentralized exchanges.

The exchange will subsequently use the crypto tokens for liquidity purposes. This means that traders can swap crypto on the respective exchange without having a seller at the other end of the position. Instead, the trade will be facilitated by the tokens held in the exchange’s liquidity pool – which investors fund.

Now, there is obviously a financial motivation when engaging in yield farming. After all, investors will not lend their tokens to a third-party exchange without being financially compensated. In this regard, investors will earn a passive income on the tokens they lend. This is funded by the trading fees collected by the decentralized exchange when tokens are swapped.

It is also important to note that this strategy requires investors to fund a specific yield farming crypto trading pair. For example, those funding BNB/BUSD would need to provide the exchange with equal amounts of each token. This subsequently allows traders to swap BNB for BUSD without going through a centralized order book and vice versa.

One of the best decentralized exchanges in the yield farming space is DeFi Swap.

6. Buy the Dip – Invest in Top Crypto Assets While Market Prices are Down

Make no mistake about it – the best time to invest in any asset class – stocks, ETFs, gold, or crypto – is when the markets are bearish. This is because bearish markets offer an opportunity to buy assets at a huge discount. Take the current crypto bear cycle for example.

Since the market peaked in November 2021, virtually all crypto assets have considerably declined in value. Large-cap tokens like Bitcoin and Ethereum are still trading at a discount of 70% when compared to their prior all-time highs of almost $69,000 and $5,000, respectively.

Medium-cap projects offer an even greater discount, with the likes of Decentraland, the Sandbox, Axie Infinity, and many others trading at lows of 80-90% from their previous peak. This means that investors can buy their favorite crypto assets at a highly favorable price, anticipating that the markets will eventually recover.

Small-cap gems that are newly launched offer an even greater value proposition.

7. Consider Trading Crypto CFDs – Trade Leveraged Crypto Assets With Short-Selling Capabilities  

One of the best crypto trading tips for experienced investors is to consider gaining exposure to CFD instruments. Contracts-for-differences, of CFDs, are financial derivatives that track the value of the crypto assets in real-time. Unlike Bitmex, Bybit, and other platforms in this space, CFD brokers are heavily regulated entities.

This means that traders can be sure that they are speculating on the crypto market in a safe and licensed environment. To offer some insight into this industry, leading CFD trading platform Capital.com support nearly 500 crypto pairs – all of which can be traded at 0% commission. Eligible clients will also be able to trade crypto with leverage.

Leverage limits will be determined by the trader’s country of residence, as per regulations surrounding CFD instruments. Not only that, but platforms like Capital.com enable traders to go long or short on their chosen crypto market. This means that traders can attempt to make gains even during a bear cycle – where prices are subsequently in a declining trend.

80.61% of retail investor accounts lose money when trading CFDs with this provider.

8. Buy Metaverse Real Estate – Build a Diversified Portfolio of  Metaverse Land While Prices are Cheap 

The metaverse is one of the hottest trends in the blockchain technology space. This phenomenon has made its way to the traditional investment scene, with Facebook recently changing its name to Meta Platforms.  The social media giant has already invested several billion dollars into its metaverse project.

However, in its current form, the metaverse is dominated by a small number of crypto-centric platforms – namely Decentraland and the Sandbox. The aforementioned projects offer a metaverse world that can be accessed globally simply by connecting a crypto wallet to the platform. Users can then create a personalized avatar and explore the respective metaverse ecosystem.

More pertinently, both Decentraland and Sandbox enable users to buy virtual plots of land that are 100% owned by the investor. Each virtual plot is secured by an NFT that operates on the blockchain network. To offer insight into how big the metaverse real estate space could become shortly, consider that many plots of land have already sold for seven figures.

Note: To buy virtual land within the metaverse, investors will need access to some of the best metaverse coins.

9. Manage Risk – Invest in Crypto Within the Boundaries of Risk Management 

One of the biggest mistakes first-time crypto investors make is allocating capital without following basic risk management principles. Therefore, one of the best crypto day trading tips for beginners is implementing a risk management strategy. The first step in this regard is to assess whether a long-term or short-term investment strategy will be utilized.

Those opting for a long-term strategy should consider developing a dollar-cost averaging system. This means that instead of allocating a lump sum to crypto, investing smaller but frequent amounts. This might, for example, be $200 at the end of each month. Moreover, long-term investors should ensure that their crypto portfolio is well diversified.

Those looking to trade crypto in the short-term to take advantage of volatile market conditions should ensure they have a firm grasp of bankroll management. This dictates the maximum stake that can be allocated to a crypto trade, in proportion to the trader’s total investment fund.  Short-term traders should also ensure that stop-loss and take-profit orders are deployed.

10. Crypto Interest Accounts – Lend Out Idle Crypto Tokens to Generate Passive Income 

The final option to consider on our list of the 10 top crypto tips is opening a crypto interest account specializing in digital assets. The idea here is that by depositing tokens into a third-party platform, the funds will be utilized to facilitate loans. And of course, those borrowing the tokens must pay interest.

This means that as the investor, passive income can be generated on crypto assets that would other have been left sitting idle in a private wallet. One of the best crypto interest account providers in this space is Crypto.com – both in terms of safety and yields. At Crypto.com, earning an APY of up to 14.5% is possible.

Those opting to earn interest on stablecoins to avoid volatility can earn up to 8.5%. Either way, all supported interest accounts come with three options. The best rates on offer require a minimum lock-up period of three months. There are also one-month accounts, in addition to flexible plans with no restrictions on withdrawals.

Conclusion

Although it is difficult to pick the single best crypto advice, several valuable tips are worth considering. Some of our best crypto tips include looking out for presales, joining a signal group, and earning passive income via yield farming and interest accounts.

These strategies reflect the dynamic nature of the crypto industry in 2024 and are forward-thinking ways to stay ahead.

Consider joining Jacob Bury’s Discord channel, as an invaluable resource. This popular analyst has delivered some notable crypto picks for his followers in recent months, including a niche selection of upcoming ICOs and presales.

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