How to determine if a cryptocurrency can thrive in a bull market? Here’s some solid advice: I'll teach you how to analyze the potential of a coin from multiple perspectives including technical analysis, market conditions, narratives, and the actions of major players. Additionally, I’ll share with you my coin selection methods.
If you simply follow my suggestions and rush into a few coins, you might unknowingly become someone else's profit source. If someone claims a coin is good, you might not even know how to purchase it on the blockchain. You also won’t understand what makes that coin good, making it difficult to learn how others select coins.
Now, let’s talk about some of my insights.
1. When considering which coins to invest in regularly, you might want to look into these projects with relatively high circulation rates.
Let me explain why a high circulation rate is so important:
Choosing coins with high circulation rates is a good strategy for selecting investments, as it at least unlocks over 80% of the coins. If a coin has an enormous amount of locked chips, the selling pressure later on will be very significant. Even if the project is excellent and continues to grow in the future, there may still be extreme price stagnation.