What would you say would be a good initial investment (I saw the number 100) but then there are other tokens to be bought and gas fees to be left. And what kind of growth would you predict would be projected of that investment.
Projected, not expected, for example that my HBD will grow by 20% and that we are wanting for it to be always worth 1.00 USD, however there are no guarantees.
Thank you for your time.
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I can only tell you what I did (you know all that NFA mumbo jumbo).
I started slowly with 10 ATOM and gradually increased from there. I am not a high roller, but I love to explore and experiment. As far as the other Cosmos tokens is concerned, they have been pretty cheap lately, so I have been cautiously adding JUNO, SCRT, SHD, OSMO, ROWAN, and EVMOS.
Due to overall malaise in the economies across the world, I believe that growth expressed in terms of token prices is going to be slow or flat for the near future. I think that people are hoarding fiat currencies to guard against inflation now and recessionary forces in the coming months and year. Growth in terms of building new chains, protocols, and dApps is another story. The Cosmos is buzzing with activity!
Finally, gas fees are not an issue in the Cosmos, because they have been steady at just a few pennies.
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Thank you!
I am adding this to my list of interest projects.
Low gas fees are good, but I just get greedy and don't want to pay them!