Post
Topic
Board Trading Discussion
Re: As a Token Analyst, what type of coins do you trade the most?
by
Bournesparks
on 23/07/2024, 21:28:30 UTC
I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

Well as a trader I have a bit of everything in my pf

Defi>> ETH
Modular Blockchains>> avail and tia
Exchange tokens >> BGB(I'm not surprised that the token insights report mentioned Bgb as the top performing exchange token this quarter)
L1 & L2s
Memecoins