Those who picked right alts early in last bull run made a fortune:
$BNB +30,000%
$DOGE +40,000%
$MATIC +45,000%
$SOL +50,000%
Don't wanna miss 500X this bull run?
Here're 10 rules to spot next gems 🧵
1/➮ Avoid tokens with frequent unlocks and low cirrculating supply:
Simple rule of economics: price is determined by balance between supply and demand...
Increasing supply without a corresponding increase in demand clearly leads to a price decrease.
2/➮ Avoid tokens where entry price for VCs/angels is significantly lower than yours:
If investors' tokens unlock is approaching and token is trading at 100X from their entry point, it's evident they will sell their bags, dumping the price, so it's not the best token to buy.
3/➮ During bull run, participate in ICOs:
Buying tokens pre-listed, while price hasn't been established yet, often results in many Xs on green market.
Few cases:
$NEO ICO - $0.03, Peak price: $180
$NTX ICO - $0.0000168, Peak price: $2.1
$ETH ICO - $0.31, Peak price: u know
4/➮ Always check the market cap and compare it with others:
If MC is too big, token won't give many gains, $DOGE, for example can't hit x200 cause it'd make its MC $2+ trillion
To figure out what MC's big, go to website and compare token with others.
5/➮ First, predict the narrative, then choose the token:
In crypto, when smth grows it's the entire narrative that rises, not just one token
So, prioritize predicting the narrative first, and then pick tokens from within it
6/➮ Evaluate the VCs behind a project:
VCs influence token prices, and they can either boost it or bring it down.
Look for tokens mainly invested in by Tier 1 VCs.
7/➮ Don't buy old altcoins; new bull run = new alts:
Old altcoins have already peaked, settled at a high market cap, and have lived their cycle; faith in them is lost, and they've become outdated.
$DOGE definitely won't give 100X, but some new memecoin - definitely.
8/➮ Evaluate utility; don't buy just a ticker:
Understand the practical value of the token you're investing in; confirm its merits and potential for ecosystem or community expansion.
If it's merely an inflated ticker without substance, it'll burst as quickly as it inflated.
9/➮ Always check the price history and chart:
If a token has already experienced a significant pump and has settled down, the chances of it delivering substantial gains again are lower compared to a token that hasn't pumped/dumped much or hasn't been listed yet.
10/➮ Explore and utilize helpful tools:
Various tools can simplify ur work significantly.
