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.
If you are trading a coin, you know when to get in and out but this can be difficult when investing in a coin, there are two ways I go about it, if the price has done 2X, I will start scaling out, take part of it and invest into another project or I will look at the project that they are in thesame market like Sushi and Uniswap look at the performance of the other, if the price is doing well then fine, I will wait until the price touch half of the other market cap to start scaling out