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Factors to Consider before Investing in Penny Cryptocurrencies. Here are a few points that you should always keep in mind before choosing any crypto to invest in: 1) Longevity: One of the most important things to check is how long has the crypto been in the market? Although new cryptocurrencies are also not ruled out immediately but check their previous record or date, it helps you make comparisons and see how it has performed. 2) Track record: The track record also helps fetch information about their reliability, highest prices, and trend of its movement. It gives you an insight into how they have performed previously, and if they have been stable for a couple of years, that is a good sign which depicts that it is a reliable cryptocurrency to invest in. Also, if you see that it is gaining traction and its value is increasing persistently, it is even better. 3) Technology: You should compare the platform with others in the aspect of its security and usability. You can start by looking at the speed at which it does the transactions and see that it has a strong network that can handle transaction traffic easily or not? The next important thing to check is if your investments are safe or not, as numerous platforms use blockchain technology which makes the transactions transparent and easy to track. The major benefit of blockchain technology is that if any hacker steals your crypto, it makes it pretty easy to track your investment to recover despite being lost because of fraud. 4) Adoption Rate: The next aspect that you should check is seeing how many people are investing in the crypto you are interested in. If a lot of people are investing in it, that means that cryptocurrency has a high level of adoption rate, which makes its liquidity even better. The more people invest in it, the better would be its trading and spending in the future. #MarketPullback
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How to Select Which Penny Crypto to Buy? It is essential to have a set structure or format of the selection process so that you do not get confused with so many coins available in the market. Therefore, when searching for the best penny cryptocurrencies to invest in, here is a list of a few factors to consider. 1. Always invest in the crypto that has a circulating supply of between 10 million – 1 billion coins. 2. Minimum 25% of the whole supply limit should have been mined already· 3. It should have a minimum market capitalization value of $20 million and should bring more than $1 million in daily trading volume· 4. It should be listed on popular cryptocurrency exchanges such as MXC, Binance, BitMex, etc. 5. Discount penny coins that trade near their all-time high. 6. There percentage gain in the last 7 days should be higher than 50%. You can check this data on big cryptocurrency exchanges· 7. The cryptocurrency that you wish to invest in should have a strong presence on social media channels and should report about its development with complete transparency· 8. Should possess a team of experienced blockchain developers· 9. Last but not least, you should always use technical analysis to search for the range-bound penny crypto that is transacted at a psychological support level. #BinancelaunchpoolHuma
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#BinanceAlphaAlert It's time to keep an eye on Solana Blockchain and it's projects.
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List the coins in comment section you are going invest in long run. #InvestSmart
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Trump is going to be down to 10. Just wait for it then buy. anyone knows any low value for long turm investment. #TRUMP #MarketPullback
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