Lesson 4 ๐
โHow to screen Altcoins?โ
Surely many of my friends have asked me how to screen Altcoins so that you can make a profit.
#1 Friends, you need to know roughly what narrative is "happening" at the moment so you can invest in something that is "hot" and has the potential to increase. Look for narratives and sectors that are currently being targeted by smart money and have the potential to increase many times over.
#2 Use a Basic Crypto Data platform such as CoinGecko or CoinMarketCap to screen various coins in certain narratives according to narratives or sectors. You can type "Narrative (X) crypto coins list" in Google.
#3 If you are looking for high profits, go low caps: sort from lowest to highest market capitalization then open the coin's page and research its tokenomics to find out more about the project.
#4 Make sure the Altcoins you want to invest in haven't gone up more than 40% from the last week because obviously you've "missed the train".
#5 Also check the volume section to find out whether the smart money is accumulating so that there is an increase in volume in a certain period.
Hope it is useful!
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Thankyou :)
