Clem Chambers of InvestorsHub.com said that current valuations for major cryptos, including Bitcoin, are “miraculous” and prices should be much lower. Chambers also said that there are other altcoin projects to look at, and the DeFi space in particular has longer-term potential in general.
Chambers unveils his altcoin project
Drawing attention to the risk in the cryptocurrency market, Chamers advocates not entering this area with all assets, but opening small positions in some unknown tokens. Chambers gave an example of this with a token he held. The expert pointed to Rarible (RARI) and said that he invested in this coin as he was waiting for it to be listed on Coinbase. Really, cryptocoin.com As we reported, last week Coinbase Pro listed RARI. Last night, the token was listed on the main exchange. RARI is changing hands at $22.02, up 5% at the time of writing.
“You can’t see such a gain in coins like BTC,” Chambers said, noting that RARI gained 50 percent as a result of this listing. The expert also said that tokens like Rarible are easy to understand, study, and discern if they will be listed on Coinbase. Chambers advised investors to make small investments in DeFi and Ethereum (ETH) tokens and said that they can make higher profits with these smaller tokens. He recommended that those who want to play this “crypto game” should have small positions and look at the “next hot tokens”.
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