Here's a tip i'd like to share when investing in AltCoins. I know it can be very difficult to select an Altcoin, so this should make it simple and i found it effective, requires a little chart and market research:
1. If a coin stands strong in a strong market correction (which is happening now) it's a very good sign that this coin has strong fundamentals.
2. For example, In a market correction where BTC is down 20%, a coin that went down 70%-90% is probably a v weak choice with poor fundamentals, gained value mainly via pumps.
3. A Altcoin that only lost like 10% - 30% in a strong market correction is a good sign of solid fundamentals
4. An Altcoin that lost large value, example 50%+ BUT recovered to 30% - 0% VERY quickly also signals good fundamentals and promising future.
of course this might not be 100% true for ALL cases, but for the most part i've seen it to be true.
1. If a coin stands strong in a strong market correction (which is happening now) it's a very good sign that this coin has strong fundamentals.
2. For example, In a market correction where BTC is down 20%, a coin that went down 70%-90% is probably a v weak choice with poor fundamentals, gained value mainly via pumps.
3. A Altcoin that only lost like 10% - 30% in a strong market correction is a good sign of solid fundamentals
4. An Altcoin that lost large value, example 50%+ BUT recovered to 30% - 0% VERY quickly also signals good fundamentals and promising future.
of course this might not be 100% true for ALL cases, but for the most part i've seen it to be true.
So something like:
Ixcoin $ 2,990,445 2,964 BTC $ 0.180.000176 BTC 16,846,610 IXC +3.36 %
Apparently barely dented while everything is crashing.
