3 Tips for Choosing the Right Altcoin to Trade
There are so many altcoins to choose from that it’s important you don’t waste time and money chasing hype.
If you use these three principles as a guide for picking an altcoin market, then your probability of making money
increases.
●Trade altcoin markets that have significant
volume
● Trade altcoins that have community support
● Trade altcoins that offer innovation over
existing coins
Many new traders make the mistake of picking random coins that offer no innovation, have low community support, and lack trading volume. When they dump, you’re left bag holding a bunch of coins worth next to nothing. With altcoins, trading volume is a must. As a rule of thumb, don’t trade an altcoin market that has a 24 hour volume under $100,000.
A market with little trading volume is easily manipulated by insiders, pumpers, and bigger traders. Stick to the liquid coins and you’ll have an extra layer of protection.
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