Post
Topic
Board Altcoin Discussion
Re: How do you discover coins with great potential? Nearly 10.000 coins out there...
by
Mila52
on 02/05/2021, 15:17:00 UTC
Thank you for all the ideas and thoughts on this. I understand that fundamental analysis is required to estimate the future development of a coin. However, this very analysis costs time. And I want to at least reduce the list of candidates.
Top 100-300 is a good idea. But that is the whole point: just a few months ago completely new and unknown coins have stormed the top 100-300. Where were these coins before? For example: https://www.coingecko.com/en/coins/bakeryswap - 47x since 7th Feb.
I hope you aren't going to buy all 10.000 coins  of the market))
 If your goal is a profitable investment, then you cannot do without a thorough analysis. Therefore, be sure to look through all the information about the project and their coin. Coingecko has an excellent review of coins, you can trust him, and be sure to pay attention to the capitalization of the coin. My advice: To get a profit, it is safer to invest in TOP coins.