✅️ USEFUL STEPS BEFORE CHOOSING A HIGH PROFIT COIN
✅️ Check the market capitalization: This is basically the amount of money the all the coins in circulation are worth. If you are expecting 10x+ from a coin, this means you expect the capitalization to increase by 10x+. You can be able to use your human judgement to see how possible that will be.
✅️ Go for coins with low capitalization (less than $200m) : As a rule of thumb if you want a very high profit coin, you need to get in as early as possible, i.e. when the capitalization is low. You need to do your research and look at the weekly, monthly, yearly and all-time performance of that coin. If you are looking at making money quicker, look at the monthly performance or 6 months performance of the coin. This is called zooming out because a coin can be having some local minimas in the very short term but actually be on a very good upward trend when you zoom out.
✅️ Look out for coins that used to do well in the past : Some coins used to be very big in the past but have now lost a lot of their capitalization. Take time to study the coin and follow the news about it. If the coin stays for long after losing a lot of its value and the coin is based on a very useful technology, chances are very high that it will rise back up.
✅️ Never buy meme coins like $PEPE and $SHIB when they are on the green : Always buy such meme coins in the deep red. When they are at least 15% in the RED..
✅️ Check out the description of the coin and what problem it solves : Try to read up on what problem it solves. Ask ChatGPT if you don't understand some of the terminology.
✅️ Look to buy certain coins before they are listed on Binance
✅️ Follow me in order to get the remaining 10 points
