How to Find Good Altcoins to Trade

Hello guys today I will sharing with you one vital tip i usually use to determine a good coin is before investing or trading it. The cryptocurrency scene is a fast paced market it not just anyhow place where you jump into and invest without a proper knowledge. When it's comes to crypto trading your intuition plays a big role here before you can invest in any crypto currency it is very important to carry out some basic research about the coin this will help you identify a good crypto project you can trade or invest in so without further ado let get started with the main talk of this post.

There are virtually hundreds of altcoins you can trade or invest long term but most like 90% of them are scams and copycat coins with no bright future ahead. But there are some that if you trade the right way you can make high profits.

Coinmarketcap is a great place to research coins its a place where you can know the far and well of how these altcoins are doing in the crypto market by clicking on a coin it will show you on the left side navigate third party links social networks, forums and official site where you can know about the altcoin you clicked on

On the cryptocurrency market capitalization website i will show one tip of how to find a god coin to trade. visit the coin market cap and click on the trending tab and on the drop down menu click on biggest gainers and losers there you will see the coins that have been doing well in the crypto currency market over the last 1hr, 24hr & 7 days.

On the Biggest gainers what i normally do is to look out for the coins that have significant volume and choosing base on the profit percentage the reason why is because those coins that have good substantial profit percentage but have a probably low volume lacks liquidity and its a important aspect i always look out for not allowing my emotions to make decisions for me.

So when am looking for good coin to trade i start from altcoins with at least $500,000 volume and as you can see in the picture above the arrow is pointing to stratis with a high volume. After you've find a good crypto currency with a good development team and unique selling proposition and you think has a good chance of of increasing over the long term or at least gaining significant amount of value then you can go ahead accumulate when its the right time probably when its low


Hope this helps.

Please feel free to ask any question using the comment box below

Important: Articles, opinions, or any other information posted on this blog does not constitute investment advice. Never invest money you can't afford to lose. Always do your own research before placing a trade. 

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