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 definite calculation or target to take a profit, if you have made a profit of 600% it is already very large and you can sell it, but if you are still sure the token will continue to rise you can continue to hold it until you get thousands of percent profit. Most important is profit regardless of nominal, is better than loss.