Whether it's trading đđ or investing đđč, I always make sure to check the markets on my two favorite tools, Binance and CoinMarket.
If it is for trading, I often opt for assets that I already know such as $WIF $TRU $COS but that does not prevent me from reviewing other assets that have potential, as recently happened to me with ICP and AKRO.
I checked that the assets had an annual and historical potential for interesting ups and downs and with a capital gain that was worth my time and money.
If for example, at this moment #WIFđ„ costs $34.64 MXN, I check in comparison with the annual and historical data if it has been at a certain price before that makes it worthwhile and if those movements persist that allow buying and selling.
If it was previously at $60 MXN, I see that the potential could be at least 73.21% in a favorable and optimistic market.
But if on the other hand, I see another crypto like #COS which is currently at $0.1534 but historically its highest peak has been $0.5000, with a potential of 225.94% I might consider taking COS instead.
Also, what I would look for would be if those spikes are long lasting or if they only seem to last a few minutes.
Compared to WIF and COS, COS peaks are much more irregular and so short-lived that I would prefer to inject into COS for trading rather than investment, because with trading you have to be more aware of your assets every minute; with investment you can let your assets work for you for longer and without having to watch how the crypto is moving at every moment.
Invest in your future, invest today!
