BAKE COIN 🤗
1. Project fundamentals:
- Use case: Bake Coin is a utility token for the BakerySwap decentralized exchange (DEX). - Tokenomics: Total supply, distribution, and allocation.
2. Development progress:
- Roadmap: Check the project's milestones and achievements. - GitHub: Review the development activity and code quality.
3. Market sentiment:
- Social media: Analyze Twitter, Telegram, and other platforms for community engagement and sentiment. - Online forums: Look for discussions on Reddit, Bitcointalk, and other crypto forums.
4. Technical analysis:
- Price charts: Study the price movements, trends, and patterns on exchanges like Binance or Huobi. - Indicators: Apply technical indicators like Moving Averages, RSI, and Bollinger Bands.
5. Community support:
- Community size: Estimate the number of holders, followers, and active users. - Partnerships: Check for collaborations with other projects or businesses.
6. Market capitalization and liquidity:
- Market capitalization: Calculate the total value of outstanding tokens. - Liquidity: Evaluate the trading volume, order book depth, and bid-ask spreads.
7. Competition and market landscape: -
Similar projects: Identify other DEX-related tokens like SushiSwap (SUSHI) or Uniswap (UNI).
