Where to invest in.
When you’re investing in crypto you have to do your homework in what you are investing because a lot of the coins out there are scams who are hoping for a quick bull run but don’t believe in the future. Many people just invest because they think its oversaturated but even the biggest coins can be scams Just look at itconnect, a lot of people trusted the crypto lending platform but it turned out to be nothing more than a scam leaving lots of people without their life savings
How to find the most popular coins.
When you are looking for a coin to invest in you are going to want to look for a coin that is decreasing in value. For this you go to Coinmarketcap and click on the change in the past 24 our twice. This way you see the coins that have lost the most in value percentage in the past 24 ours.
After this you are going to start looking for the number of volume the coins has. The les volume the coin has the less people are trading it which means the chances of selling it are a lot harder. That is why you are going to want to stay above the 50.000 dollars when it comes to volume.
How to make sure not to invest in scams.
Once you see a coin you think is the right coin to invest in you are going to have to do research on it to make sure it isn’t a scam. The first thing you are going to do is take a look at the goals that the coin wants to achieve is it truly a coin with potential? The second thing you want to look out for is the age of the coin, the older the coin the less likely it’s a scam. Another thing that plays a role is the size of the team, when they have a big team it is a lot more reliable.
The huge number of failed coins.
There currently are over 900 dead/scam coins. Most of these coins you can find on the smaller lesser known exchanges. The chances of finding a scam coin on one of the big exchanges is relatively small because they are constantly looking to keep these out of their system but still it won’t hurt to double check.