Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
There is no formula in the space that is being used to calculate the growth potentials of these projects, one thing that is very important is the community and the users especially now that we have DEFI projects that people can use and tie down their capital into, also note this, you can't compare new projects and new one. A project with marketcap of $6 million and a Project with market cap of $600 million with give you different ROI in a year. New projects with huge potential tend to capture value fast in percentage as compared to established ones