Total supply, the project's market maker, roadmap, and whether the project is an L1.
As of now, the only projects that can have big FDV and yet keep rallying are L1, I've seen IP, BERA, and now INIT all of them can rally even after massive airdrop dumping.
So, I think if I were to invest into premarket I'd choose project like these, other project will automatically out of my investing list.
But I won't bet too much on pre market though, too much manipulations since it got small volume, unless the coin is truly under priced in the pre market.
Thank you for this…i never specifically focused on L1 projects on premarket before but you mentioning now kind of made me realize that’s also a smart way of choosing. I mostly check for the project’s usecases, volume and liquidity, i later checked Sign on Bitget premarket, it’s been performing fairly well but won’t compare it yet with the past successes.