1/➮ Avoid tokens with frequent unlocks and low cirrculating supply:
Simple rule of economics: price is determined by balance between supply and demand...
Increasing supply without a corresponding increase in demand clearly leads to a price decrease.
Simple rule of economics: price is determined by balance between supply and demand...
Increasing supply without a corresponding increase in demand clearly leads to a price decrease.
2/➮ Avoid tokens where entry price for VCs/angels is significantly lower than yours:
If investors' tokens unlock is approaching and token is trading at 100X from their entry point, it's evident they will sell their bags, dumping the price, so it's not the best token to buy.
If investors' tokens unlock is approaching and token is trading at 100X from their entry point, it's evident they will sell their bags, dumping the price, so it's not the best token to buy.
4/➮ Always check the market cap and compare it with others:
If MC is too big, token won't give many gains, $DOGE, for example can't hit x200 cause it'd make its MC $2+ trillion
To figure out what MC's big, go to coingecko.com and compare token with others.
If MC is too big, token won't give many gains, $DOGE, for example can't hit x200 cause it'd make its MC $2+ trillion
To figure out what MC's big, go to coingecko.com and compare token with others.
5/➮ First, predict the narrative, then choose the token:
In crypto, when smth grows it's the entire narrative that rises, not just one token
So, prioritize predicting the narrative first, and then pick tokens from within it
Here's my thread on 10 possible narratives in 2024:
In crypto, when smth grows it's the entire narrative that rises, not just one token
So, prioritize predicting the narrative first, and then pick tokens from within it
Here's my thread on 10 possible narratives in 2024:
6/➮ Evaluate the VCs behind a project:
VCs influence token prices, and they can either boost it or bring it down.
Look for tokens mainly invested in by Tier 1 VCs.
You can check the VCs Tier here: cryptorank.io
VCs influence token prices, and they can either boost it or bring it down.
Look for tokens mainly invested in by Tier 1 VCs.
You can check the VCs Tier here: cryptorank.io
7/➮ Don't buy old altcoins; new bull run = new alts:
Old altcoins have already peaked, settled at a high market cap, and have lived their cycle; faith in them is lost, and they've become outdated.
$DOGE definitely won't give 100X, but some new memecoin - definitely.
Old altcoins have already peaked, settled at a high market cap, and have lived their cycle; faith in them is lost, and they've become outdated.
$DOGE definitely won't give 100X, but some new memecoin - definitely.
8/➮ Evaluate utility; don't buy just a ticker:
Understand the practical value of the token you're investing in; confirm its merits and potential for ecosystem or community expansion.
If it's merely an inflated ticker without substance, it'll burst as quickly as it inflated.
Understand the practical value of the token you're investing in; confirm its merits and potential for ecosystem or community expansion.
If it's merely an inflated ticker without substance, it'll burst as quickly as it inflated.
9/➮ Always check the price history and chart:
If a token has already experienced a significant pump and has settled down, the chances of it delivering substantial gains again are lower compared to a token that hasn't pumped/dumped much or hasn't been listed yet.
If a token has already experienced a significant pump and has settled down, the chances of it delivering substantial gains again are lower compared to a token that hasn't pumped/dumped much or hasn't been listed yet.
10/➮ Explore and utilize helpful tools:
Various tools can simplify ur work significantly.
For instance, use @Defillama to check token vesting and TVL in protocols, and @cryptorak to track VCs' movements.
This is just the beginning; check out a great thread on tools 👇
Various tools can simplify ur work significantly.
For instance, use @Defillama to check token vesting and TVL in protocols, and @cryptorak to track VCs' movements.
This is just the beginning; check out a great thread on tools 👇
During my first bull run, I went from 1k to 130k and then back down to 8k.
Then, I grew to $300k+ in the bear market using these rules.
Check them out if you not only want to grow ur portfolio but also preserve profits 🧵👇
Then, I grew to $300k+ in the bear market using these rules.
Check them out if you not only want to grow ur portfolio but also preserve profits 🧵👇
I've created Free Discord Server where u can find everything u've been missing in crypto:
• Community & mentorship
• Free airdrop software
• Shitcoin & NFT calls
• Daily news and to-do list
• Yield strategies
Join right now absolutely for free: discord.com
• Community & mentorship
• Free airdrop software
• Shitcoin & NFT calls
• Daily news and to-do list
• Yield strategies
Join right now absolutely for free: discord.com
Make sure you don't miss my upcoming threads!
Join me on Telegram now: t.me
Join me on Telegram now: t.me
➮ If you loved this thread, don't forget to:
✧ Follow me @nobrainflip for more exciting content❕
✧ Like, retweet, bookmark and leave a comment on the first tweet 🤍
✧ Follow me @nobrainflip for more exciting content❕
✧ Like, retweet, bookmark and leave a comment on the first tweet 🤍
جاري تحميل الاقتراحات...