340
127 shares, 340 points

InvestorsHub. com’s Clem Chambers said the current valuations for major cryptos, including Bitcoin, are “miraculous” and that the 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 announces its 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 was holding. 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, Coinbase Pro listed RARI last week. Last night, the token was listed on the main exchange. RARI is changing hands at $22.02, up 5% at the time of writing.

Chambers stated that as a result of this listing, RARI gained 50 percent, “You cannot see such a gain in coins like BTC,” he said. 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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