Watching BTC soar, constantly breaking people's imagination, logically, this should be an exciting thing. But strangely, I can't be happy, and the reason is simple - what I hold is not Bitcoin, but a bunch of 'altcoins'. In the crypto world, this is the norm and helpless choice for many retail investors.
Some may say that altcoins are all garbage and have no value. But I want to say that every star has its shining moment, and some seemingly unremarkable altcoins might just shine brightly one day.
So, how do you determine whether an altcoin has potential? Here are a few small suggestions:
Look at the team and project: A reliable altcoin usually has a strong team and an attractive project behind it. You need to understand who they are, what they are doing, and what their plans are. Also, the most important point about this team is whether they will boast, make grand promises, and ride on trends.
How's the technology: The technology of the altcoin is also very important. You need to see if its blockchain technology, smart contracts, privacy protection, etc., are strong enough. After all, technology is a key factor in determining whether an altcoin can develop in the long run.
Is there a large market demand: You need to see if this altcoin can solve any problems, and if there is demand in the market. If it can establish a foothold in a certain field, then its development potential is large.
Is the community active: The size and activity level of an altcoin's community are also very important. An active community can bring it more popularity and support.
Awareness of risk is essential: When investing in altcoins, awareness of risks cannot be overlooked. You need to know that the crypto market is volatile, and investments come with risks. Therefore, you need to allocate your funds reasonably and not throw everything in at once.
In the current fluctuating market changes, blindly going solo will never bring opportunities. Follow Di Ge, and Di Ge will guide you to position for a bull market, sharing 20 fresh passwords for fans for free, once full, no more.
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