🔥 "How to choose the right cryptocurrency? (A practical guide to avoid risks)"
🚀 6 golden criteria for choosing coins:
1️⃣ "Liquidity first" 💧
- Requirement: Daily trading volume > $100 million (Avoid dead coins)
- How to verify?
- Search for the coin in Binance Markets
- Ensure there are trading pairs with USDT or BTC#
2️⃣ "Team and development" 👨💻
- Critical questions:
- Is the team known for its expertise? (Check LinkedIn)
- Is the project updated regularly? (Check GitHub)
- Warning: Avoid coins without active developers!
3️⃣ "Real benefit" ⚙️
- Signs of a good project:
- Solves an actual problem (e.g., faster transfers, lower fees)
- Has partnerships with well-known companies
- Bad example: A coin with no use other than speculation!
4️⃣ "Community and activity" 🗣️
- Check:
- Twitter/Telegram followers (Is the engagement real?)
- Reddit/Discord activity (Are the discussions serious?)
- Beware: Projects that buy followers!
5️⃣ "Release timeline" 📅
- Positive indicators:
- Clear development plan (Roadmap)
- Adherence to deadlines (e.g., network updates)
- Red flag: Projects that are constantly postponed!
6️⃣ "Basic technical analysis" 📊
- Free tools to use:
- CoinMarketCap/CoinGecko (Market data)
- TradingView (Technical analysis)
- Santiment (Market sentiment analysis)
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💡 Coin selection plan in 5 minutes:
1. Search for the coin in CoinMarketCap
2. Check the trading volume + market cap
3. Read the whitepaper quickly
4. Check the latest project updates
5. Make your decision based on at least 3 criteria from the top
#Choosing_Coins #Safe_Investment #Project_Analysis
🌱 Remember:
"A good coin is like a fruit tree... it needs strong roots (team) and fertile soil (a problem it solves)!"
