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.
Honestly it's almost impossible to guess the up[side potential of a promising project let alone some worthless meme coins. The best scope of action would be to sell some take out your investment and sell them later at periodic intervals.
If manageable to sell your capital investment and periodically sell those assets from time to time.
This will allow you to take profits from the asset that you choose, it's hard cause even in the bull market chances of any coin to pump
is still depends from the developers and to those people behind, adding to that are the whales who also playing and keep on tracking which moving coin/s are best to invest and catch some decent profits.