Guys, In every Dump there's an opportunity . Use this trick to find best coins in dump .
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Techandtips123
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How To Choose Right Coins After Dump
The market's down, but that doesn't mean opportunity is gone! Let's dive into strategies for selecting the right coins to add to your portfolio after a dump.
🔆 Daily Active Users (DAU): High DAU indicates a project with a vibrant user base actively engaging with the platform. This suggests the project is solving a problem or offering a valuable service that people use regularly. Increased user activity can lead to more demand for the project's token, potentially driving the price up. 💥 Transaction Volume: Transaction volume refers to the total amount of cryptocurrency being transferred within the project's ecosystem. High transaction volume signifies a project with a healthy level of activity and utility. More transactions often translate to increased demand for the token to facilitate those transactions, potentially causing a price rise. ✴️ Trading Volume: This refers to the total amount of a cryptocurrency being bought and sold on exchanges. High trading volume indicates strong market interest in the token. Active trading can bring more attention to the project, potentially attracting new investors and driving the price up. 🤖 Fees (if collected): Some crypto projects collect fees for transactions or services on their platform. Consistent fee collection demonstrates a sustainable revenue model, which can be a positive sign for investors. Fees can also create a demand for the token if they're required for using the platform. 🌀 Staking Stats (if available): Staking allows investors to earn rewards for holding a cryptocurrency. High staking participation indicates investor confidence in the project's long-term potential. Staking can also reduce the circulating supply of tokens, potentially leading to price appreciation due to increased scarcity. ⚡ Active Holders: This refers to the number of wallets holding a particular cryptocurrency that have recently interacted with it. A high number of active holders suggests strong community engagement and distributed ownership, which can be viewed favorably by investors. It indicates the project isn't controlled by a small group and has a broader user base.
🐠 Important to Note: These factors should be considered together, not in isolation. A strong project will typically exhibit a combination of these positive metrics. And Collect the Data For last 30-60 Days. If Any coin doing somehow positive on those metrics but continuously outperformed by market. You Must best on that. Price Action definitely Follow the On-chain Growth.
🚀 Example Sei network did a huge 6x in Nov 2023 - January 2024 period. People claiming Sei was a dead chain, nothing was building on sei. But the truth was opposite actually sei had handsome numbers of daily Active users more than some big L1s back than. And the weekly transaction also in peak. And we saw the results , $SEI Did 1$ from 0.16$.