Why researching a coin is necessary before you invest your money.
knowing tokenomics of a coin put you miles ahead over those that just buy the coin with a zero knowledge.
Here is the basic guide on how to research a coin before investing your money.
1. Visit coinmarketcap.com
2.Search the coin
3.Navigate the coin information and take note of the followings.
a. Circulating and total supply
b. For an old coin check the all time high and the all time low
c. Check the volume of trade the coin pull in 24hrs
d. Check if the coin is verified on coinmarketcap
e. Go to the comment section and check various suggestions
Its a good idea to invest in low cap coins before they surge.
Although in crypto, any coin is liable to high volatility just like the meme coins and you never can tell which will blow you up but doing your own research is very important and I advise you follow the steps above before going in.
#BTC #etf #XAI #BONK #Launchpool
knowing tokenomics of a coin put you miles ahead over those that just buy the coin with a zero knowledge.
Here is the basic guide on how to research a coin before investing your money.
1. Visit coinmarketcap.com
2.Search the coin
3.Navigate the coin information and take note of the followings.
a. Circulating and total supply
b. For an old coin check the all time high and the all time low
c. Check the volume of trade the coin pull in 24hrs
d. Check if the coin is verified on coinmarketcap
e. Go to the comment section and check various suggestions
Its a good idea to invest in low cap coins before they surge.
Although in crypto, any coin is liable to high volatility just like the meme coins and you never can tell which will blow you up but doing your own research is very important and I advise you follow the steps above before going in.
#BTC #etf #XAI #BONK #Launchpool