Where to Look Before Buying Altcoins 🔍
🟠 Team: If the developers have experience and successful past projects, the chances of the coin's growth increase. For example, the founders of Aptos and Sui previously worked at Meta.
🟣 Utility: Is the technology useful now, and will it be in demand in the future? Meme tokens don’t fit here; they thrive on hype.
🟢 Partnerships: Even one strong partnership with the real sector can push the coin to a new ATH, but only if it's legitimate. Many projects boast partnerships with giants like Google or BlackRock, and often, these companies have no idea they exist 😇.
🔴 Liquidity: A small purchase might cause a pump in an illiquid coin, but what happens next? Imagine a pump happens, but you can't sell to lock in profits.
🔵 Market Cap: Larger projects are easier to predict, but with less risk comes lower profit potential.
Save this and reread before buying altcoins 🆗
🟠 Team: If the developers have experience and successful past projects, the chances of the coin's growth increase. For example, the founders of Aptos and Sui previously worked at Meta.
🟣 Utility: Is the technology useful now, and will it be in demand in the future? Meme tokens don’t fit here; they thrive on hype.
🟢 Partnerships: Even one strong partnership with the real sector can push the coin to a new ATH, but only if it's legitimate. Many projects boast partnerships with giants like Google or BlackRock, and often, these companies have no idea they exist 😇.
🔴 Liquidity: A small purchase might cause a pump in an illiquid coin, but what happens next? Imagine a pump happens, but you can't sell to lock in profits.
🔵 Market Cap: Larger projects are easier to predict, but with less risk comes lower profit potential.
Save this and reread before buying altcoins 🆗