how are you all Hope everyone is well today I will discuss a very important topic,
Today I will talk about the 5 things that we should know before investing in new coins, so let's start without delay,
As the current market condition is good, a lot of new coins are coming day by day.
And most of the coins fail to perform well, so we have to select good coins from those new coins.
First, no matter how good a coin is, no matter how much hype it creates or how big an event it brings, never buy a coin above it. For example, Not Coin created a lot of hype before it came to the market a few days ago, brought a huge event and a big project, but We have noticed that the Losers category has been falling since coming to the market.
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At present, I think that new coins are very risky, so today I share 5 things. If you follow these things and buy new coins, I hope you will be successful.
1. Project Usecase & Potential |
2. Project Investors & Team |
3. Initial Deserving MarketCap |
It is very important to follow the 5 points given above, what is the use case of that coin and how is the potential? Project investors need to know this, because having a partnership with a big company means having confidence in that coin, for example, if a coin has Binance partnership, then investors will easily trust that coin, and it is very important to watch Unlock Events. There are many projects, they are some After unlocking their token day after day, the new StarkNet Coin failed to perform well due to the fact that it was unlocked so quickly.
![pexels-rdne-8370778.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmfNtHjEjEPVSbXppnK6QcjggEXwgN4qaBJcE8zE9mkHjk/pexels-rdne-8370778.jpg)
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In addition, it should also be noted how it will be taken to the market in the future, many Project White Papers have given their Roadmap.
I hope everyone understands, I am ending today here, everyone stay well, stay healthy, Allah-Hafez,
https://twitter.com/RakibInsid68546/status/1794471652245274660?t=Zex4N1fEfzdddn1ClxAbvQ&s=19
Indeed you clearly explained this detail well it's really important that we know this things you highlighted before choosing to invest in new coins to avoid heart break
We face lot of losses while investing in new coins. You have presented an excellent post. From your post I want to know very well what to look out for when investing in a new coin.