One of the few ways to get easy money on Binance is through Launchpool and launchpad farming, of course we all know that this proportionally, depending on our stacking capital, our reward in new tokens will depend.
It is well known by everyone that this method has changed a little if we compare the current farming with those from months ago. We can see a simple example with the not token, but we can talk about that later.
There are 4 very important things to keep in mind when farming, 1) the number of tokens to receive, 2) the price at which the token will be listed, 3) the future price of the token (4: Subsequently, the utility of the token)
Personally, I prefer futures trading, so I had never been one to have a wide variety of tokens in my portfolio, but last year something happened to me that made me think about why I should pigeonhole myself. Do you know the ORDI token? Last year in September it was at $2 and then on December 31 it reached $82, with just having bought one token the profit would have been $80 net, and from there I realized that I cannot pigeonhole myself into just one thing. , and as I told you in a previous post, a few tokens do not hinder our portfolio, we never know for sure how much a token can explode, we can always make approximations.
My favorite tokens will always be the following: those that cost less than $1 and those that are very useful, why? Precisely for this reason, useful tokens that cost less than $1 will ALWAYS touch the $, and if not, they always remain in a constant flow that allows us to take advantage of the movements.
In the image we can see the $ALT graph, I will tell you what for me are the most important qualities and uses of Alt:
1. AltLayer is an open and decentralized protocol for rollups (rollups increase the capacity and efficiency of blockchains), which seeks to improve security, decentralization, interoperability and rapid crypto-economic finality through the restaking mechanism.
2. As such the ALT token performs key functions such as economic collateral, governance, protocol incentivization, and fee payment within the network.
3. AltLayer offers three main products: VITAL (Active Validation Service), MACH (protocol to provide faster finality to rollups), and SQUAD (offers financially supported decentralized sequencing).
At first glance it is a project with a future and purpose, useful for the network and for the ecosystem, currently Alt is trading at a price of 0.333, it is at one of its lowest points with clear support in the area of 0.28, thus that we can consider the current zone as a buy zone, both for spot and futures, even for trading bots.
In the medium term we can expect to see Alt at 0.44, it may resist a little in that area, if it manages to break easily we can see it at 0.52, in the long term taking into account the entire project that Alt has behind it, I consider that it can achieve a new Ath at least $0.82 and with a little more popularity and movements from fans we can see it at 0.91.
Always remember, no token is in the way and remember that we are in FUTURES spot and trading, it may take time to make profits from our purchases, but that's the point.
Success in your investments friends.
