I share the profit - loss status of my recent transactions on the gem side:
#OMALLEY 4X profit (saw ATH 8X)ā #Labubu saw 2X profit currently at %65 profit ā #ALF saw 2.5X after the first purchase currently at %15 loss āļø #Zeus around %50 loss āļø #Frank this one disappearedāļø
3 fundamental things you need to ask yourself when buying a coin listed on an exchange:
1- Supply situation: When buying some coins, you think about how many times it would increase if it returned to its all-time high after dropping 95% from it. However, most coins increase their circulating supply during this time, and while the market cap reaches its all-time high, the price doesn't even come close to the previous all-time high. Although this may seem like a simple topic, unfortunately, most people are unaware of it.
2- Community and Volume: Especially low-volume coins with inactive communities have recently been delisted from the Binance exchange, and recovering after delisting is nearly impossible. The risk of inactive coins is very high.
3- Reaction to Decline and Rise: This was a mistake I made in my time; it's important that when buying a coin, it should not drop significantly during a decline compared to the average. Generally, those that lead the way during an increase are the ones that suffer the least during selling waves. When a coin is overthought, more upward bars are drawn on the chart, but itās essential to remember the feasibility of this. A solid foundation won't hurt.
The last time I gifted 5 jerseys when Galatasaray acquired Osihmeni, I started thinking about how many jerseys to distribute for the Sane transfer ā¤ļøš
Putting everything aside, we wouldn't have even joked about the future of these players a few years ago, but now it feels like everyone is attainable š
With the rise of Ethereum, the influx of money into memecoins on the ETH network has accelerated, among the new and highly hyped ones is #Labubu, which is being widely discussed globally. LP has been burned and the market cap is high; it has entered my review radar.
They have an AI-supported platform that provides instant support in the fields of crypto and coding. You can think of it as an AI-supported crypto school. It stands out with its useful platform backed by a strong team. $ASK
To follow the project: š Website: https://t.co/AK23z1mjXi āļø Telegram: https://t.co/SkS0qSSACF
Current 9.3M$ mcap. CA: 0xbfd9fe9f991566c61c7c59a633d00743e5f9461c
OTHERS.D is trying to break through; it was not surpassed in the first attempt. The breaking here will bring a momentum similar to the rise wave we saw at the beginning of the mine.
During this process, I can take action regarding the coins at hand; although they all drop at a similar rate during a decline, some stand out during an increase.
$ZEUS is rebranding, and I think this created some fear when the Twitter accounts were closed, but I believe they will get through this. I expect them to return stronger with new logos supported by the chart.