HOW DO I KNOW A SOLID CRYPTO COIN WITH POTENTIALS TO DO 10x - 100x ROI
As cryptocurrency adoption keep rising around the world. Numerous crypto projects and products are coming up on daily basis. It is common this days to see crypto-influencers on different social media platforms shilling various coins and crypto project.
In as much as we all want to be part of the fortune blockchain ecosystem presented to us, the need to take precautionary steps to avoid loosing our hard earn money to unscrupulous individuals, hiding behind #tech to scam investors especially newbies in the cryptocurrency space.
On several occasions, people invest in crypto projects on the basis of social media trends, influencer shillings, even crypto related group without personal adequate research of use cases/ long term benefit of the coin(s).
Another issue is Rugpulling.
What is rugpulling? In the cryptocurrency market, the term “rug pull†means a theft in which the owner(s) of a cryptocurrency project abandon it after stealing investor's money. Millions of dollars has been swindled in the cryptocurrency market as a result of investors ignorance but optimistic to make quick returns in the cryptocurrency market.
How do I know a genuine coin with potentials to do 10 - 100x Roi.
* First of all, look at the market cap. Understand that the lesser the better. Research what the project is about, who are the developers and the team behind the project.
* Check their Twitter account. A solid project should have an updated and quite impressive numbers of engagement on twitter, at least twice in a week.
* Then, join their TG group. Ask relevant questions from the team, Goals & vision, partnership, futuristic approach, whitepaper or roadmap, fundamental uses of the project and bonus(es).
At this point, you should be convinced of 100x ROI or otherwise.
Finally, in order to maximise full potentials the crypto market offers, expose yourself to learning and research opportunities in the blockchain industry.
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Thank you...
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Nice write up