Why checking the Market Cap is essential before holding a coin? Know the details!
Assalamu Alaikum
I will share a very simple method today,
Before buying any coin, you first have to pay attention to the MarketCap of the coin,
It may be that the place from which you are taking entry is the all-time high MarketCap of the coin, it may also be that after you buy it, it may gradually go down, even if you may not get it from where you bought it again someday,
So first you have to pay attention to the position of the coin, such as LowCap,MidCap,LargeCap,
For good profit we have to choose LawCap because LargeCap, MidCap these have given profit,
But LawCap has some risk, but research how reliable a good project is,
LawCap is considered $300 million to $50 million but many traders add Lawcap from $10 million,
Suppose you hold a token with a market cap of $50 million it can easily go from 150 to 200 and get 3-4 times profit but LargeCap/midCap is very difficult to get 2/3 times market cap, although LargeCap/MidCap is reliable so these projects are successful,
But there are many coins in Exchange LawCap Category like Binance,
We all know Binance is safe for us,
But everyone be careful in case of Long Term Hold, research well first, because since you will keep it for a long time if Bad News comes in it will be your huge loss!
I hope everyone understands what I meant,
Be well everyone, I'm ending this here today, Allah-Hafez,
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You are perfectly right. There is a need for us to invest in market cap before you hold a particular coin and that is really necessary
Obviously. Its a clear indication about the strength of the coin. Thanks.
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