🔥 THINGS TO CONSIDER WHEN MAKING A BASKET BEFORE MEGA BULL 🔥
🎁 Do not buy every new project you see, because you will most likely lose your money because the projects that were expected to have a very high hype effect in the past bulls were entered without research.
🎁 Also, what crypto influencers constantly praise: "I bought X coin, I expect at least 10x, 50x, 100x in the bull." He will write words that will impress you, such as: The rule is simple, he will draw people to the wallet in his hand and then sell it at the peak, and if it has gone 3x at that time, you will incur a loss or make a panic sale while waiting for 7x.
🎁 Another issue is the total maximum supply of the Token and the supply traded in the market. For example, let's consider a coin named X, it is very popular, it is talked about by everyone, it appears in advertisements and the hype effect is great. When we analyze coin X in the stock market, let its maximum supply be 100 Billion units of Current price is 1 dollar. If we calculate it as a percentage, 60% of it will not be traded in the market, let alone 100% of it, because there is no such money in the world.
🎁 Check token burns. What are the burn rates of the coin? Will there be token burning? check it! Also, on the other hand, even if a coin that does not have a maximum supply says that it will burn tokens, there will be no guarantee of this. Because if a project that does not have a maximum supply burns 60% for 5 months, we would all be happy because the rarity rate will increase and the project will inevitably rise as it will be valuable. But those who ignore a situation always suffer losses. Since the maximum supply of the project is unlimited, after 5 months of burning, it may release twice as much as it burned in the 6th month and may sink to the bottom.
🎁 Do not trade based on a single possibility. There is no single possibility in the crypto exchange. The maximum number of possibilities you can think of among billions of possibilities is 5 or 10, and when you think you are a crypto expert, you may be in trouble.
If my recommendations caught your attention and you would like to continue my article on the subject, like it and mention it in the comments.