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.
You are lucky to have found a project that already yields you 600% it's not rare but you need to do diligent research to find one, the most important is to take out your initial investment so you have no worry about losing and just follow the development of the coin, if you think the coin will continue to show strength in the market, you can retain your investment and add more, the most important thing here is to always get an update on the coin you've invested and going to invest.