How to evaluate a promising coin in 5 minutes: basic metrics⚡️
The cryptocurrency market is a sea of opportunities, but how to quickly find a real pearl in it? I share with you my approach, which allows you to understand in a few minutes whether it is worth delving into.
1️⃣ Capital and trading volume
The first measure is the market value. A coin with a lower market capitalization (<span million dollars) has a greater growth potential. Then we look at trading volumes: if they are many times higher than the maximum, it means that liquidity is strong, which means that there could be a good and strong pump.
2️⃣ Target group and real application.
Does the coin have a real use? If a project solves a specific problem (DeFi, NFT, AI), the chances of success are high. Look for projects where the technology not only looks good, but actually works.
3️⃣ Community activity
Check social media, especially Twitter. An active and engaged community is a strong indicator. If no one is interested in the project, there will be no growth.
4️⃣Road map and team
Is there a clear roadmap? Who is the team? If there are no development plans it is better to pass$BTC