Analysis

Price and Socials

• Utilize trustworthy sources for information on coin and token prices, social media trends, and other relevant data:

  • CoinGecko
  • CoinMarketCap
  • LiveCoinWatch

• Employ tools to estimate potential prices of a coin based on its market cap:

  • TheCoinPerspective
  • MarketCapOf

Coin Age

• Investigate the maximum lifespan of a coin. Consider purchasing newer coins (up to 2 to 3 years old) as older coins often have completed a price cycle and may have many bagholders.
• New projects usually attract market attention but be aware of potentially higher risks.

Market Cap

• Market capitalization is a key aspect. It's calculated as the price of the coin multiplied by the circulating supply.
• Be cautious if the max or total supply exceeds the circulating supply. This could indicate future coin releases, potentially affecting the price.
• Lower market cap might suggest more potential for growth, but it's not a guarantee of success.

Additional Points of Interest

• Study social media, the project's website, and the team's background. Teams with known identities ("doxxed") are generally more reliable than anonymous ones.
• Previous successful projects by team members can inspire confidence.