How to Compare Strong and Weak Coins!
To determine whether a coin is strong or not, it must be based on many factors such as: the story surrounding the project, accumulation volume, high or low valuation, charts… etc. For example, comparing 4 coins Link, Ondo, Dym, Saga as shown, Link and Ondo are currently strong coins. After the recent sell-off, these two only lost a few candles to return to their previous positions as if nothing had happened, and even surpassed the price before the sell-off. Link and Ondo are also two coins that are less mentioned or asked about, and the pump comes right when the news breaks that the Trump family bought these two coins.
Conversely, the two coins Dym and Saga are always being asked about and mentioned everywhere. After the recent sell-off, the small fish 🐟 are still holding onto their coins, so the boat is heavy, and the price cannot recover to the position before the sell-off. If the market maker sells off and the small fish let go of their coins, the price will recover very quickly. Additionally, there are other factors… 10 weak coins, but if by luck at the last minute the small fish 🐟 decide to let go of their coins, and the market maker sees potential, they will jump in to pump. But luck is only 2 out of 10. At that time, we may think that the price is low, and the force is weak, but in reality, this happens because the small fish 🐟 have sold and jumped to another coin.
It is known that the coin is strong, but that doesn’t necessarily mean you will catch a good entry price. Often, FOMO leads to entering at high prices. Therefore, many factors must be considered, not just the price chart.
NOTE: THIS IS JUST A PERSONAL SHARING, NOT INVESTMENT ADVICE.
$LINK $DYM $SAGA