A crypto search idea with short-term upside?!
Basic questions to form ideas:😉
1. Why does Binance's earn function only have a few cryptos? In particular, APR interest rates vary greatly between cryptocurrencies and between locking cycles (flexible/ 30 days/ 60 days/ 90 days). 😅
***Inference: The house rule never loses (Binance). Crypto has an APR that is much higher than the APR of bank deposits, which means that Binance is predicting (or analyzing statistics) that the price has increased and is likely to have a large adjustment, so it accepts a high APR. Senders on earn get high APR but reduced price risk. From there, it is possible to filter low APR crypto lists, the possibility of price increases in the short term is quite certain
2. Square: where a lot of people discuss crypto. Filtered crypto-related posts can be easily filtered.
3. Volume. Prerequisite factor when deciding to choose crypto trade. Minimum 24h volume is 200 millions. Ensure liquidity to take profit or stop loss
So, the idea is simple:
- Filter out Cryptos on Earn that have much lower APR than the average
- Continue filtering crypto with high volume, over 200m
- Filter information on square, make sure there are many users still recommending that crypto, make sure that crypto is not "dead" or set a reasonable profit-taking price
- Short-term expected profit should only be a maximum of 5% within a maximum period of 30 days.
⭐⭐⭐I have implemented the above idea several times and made a profit #FTM #gmx
People can contribute more or browse
Many thanks