What To Check Before Buying Any Altcoin🤔⁉️
➡️ Market cap with hodlers: Many coins has market cap > 100m$ but still pumped and dumped because of less number of hodlers with large holdings.
Large number of hodlers, Less Risk
➡️ Coin Economics and Usablilty: Check recent projects, Social Media accounts, Fundings and future goal of project before putting your hard earned money
➡️ Technical analysis📊: Do check price action as institutions and big players strongly follow technicals
➡️ FOMO: Some coins particularly meme coins are driven by community and fomo but this will not lasts long so keep an eye while buying these coins for profits. I will not recommend to buy these because it creates greed and no matter how good you are in trading its almost impossible to predict these coins movements
I have also shared some coins after researching a lot. You can check them in my profile’s recent posts
$IOTX $SOL $ETH #technicalanalyst #KnowledgeShare #BinanceSquareFamily
➡️ Market cap with hodlers: Many coins has market cap > 100m$ but still pumped and dumped because of less number of hodlers with large holdings.
Large number of hodlers, Less Risk
➡️ Coin Economics and Usablilty: Check recent projects, Social Media accounts, Fundings and future goal of project before putting your hard earned money
➡️ Technical analysis📊: Do check price action as institutions and big players strongly follow technicals
➡️ FOMO: Some coins particularly meme coins are driven by community and fomo but this will not lasts long so keep an eye while buying these coins for profits. I will not recommend to buy these because it creates greed and no matter how good you are in trading its almost impossible to predict these coins movements
I have also shared some coins after researching a lot. You can check them in my profile’s recent posts
$IOTX $SOL $ETH #technicalanalyst #KnowledgeShare #BinanceSquareFamily