Things you need to know before investing in $Crypto: If you want to invest in a project, first research that project and examine Coingecko data, not with hearsay information.
1. What place is there?
2. What is the max supply? (Important)
3. What is the circulating supply? (Important)
4. What is the importance of the project?
5. It may be problematic if the max supply is unlimited.
6. The sign 8 lying on its side means unlimited.
There are coins with a max supply of 10 billion and a circulation supply of 200 million. This is very important because no matter how important the project is, the token or coin will rise or stay at a certain point. It may not provide you with profit in the long run.
Some projects have unlimited supply and still rise, it depends on how much is circulated to the market by the team. For example, XRP has been stagnating for years, this is because its circulating supply is low and its max supply is high. However, there are tokens whose circulation supply and max supply spread are close to each other. This doesn't mean it will go very high; This is where the importance of the project in the market comes into play.
A little further back, you can discover important and new projects. It is necessary to do very good research and you can invest in important projects that are cheaper than the market. Don't listen to fake news, especially the ones you hear through hearsay.
Type the name of the project on Google and search for "what is it". See full statistics at Coingecko. Be sure to research what the progress of the project is...
xrp is limited but half of the supply is in the market
Doge has unlimited supply
eth limited supply
avax limited
sol has unlimited supply!
celo limited supply
egld limited supply
bnb limited and close supply
sand limited supply
cake limited supply
theta limited supply
Of course, some important projects may lose their importance over time.
#k-alan#OurBitcoinWorld#Kryptocutrader #OurBitcoinWorld
