Topic: As a Token Analyst, what type of coins do you trade the most? (Read 579 times)

I usually check coins with a lower market cap because the possibility of profiting is higher compared to high-market-cap coins. Of course, it would depend on how much risk you are willing to take and what your risk appetite is with this. It is important for me that there are many holders and traders who have good volume being introduced in different exchanges.

That’s how I pick tokens or coins.

Or it could be both, it would really be that actually be depending on what kind or type of trader you are on which we know that everything will really be basing up on someones preference when it comes into this aspect. There would really be those individuals who would really be focusing into Bitcoin and there are those who would really be focusing into altcoins or could be having both. It all matters about on how much risks that you could be able to put on and on the time that you would really be able to spend on. Choosing on which type and on what are the coins you would really be that dealing or trading into then it would really be that depending on you. If you do really be able to see up yourself having be able to handle your condition and make money then it would really be just that fine.
The thing on here is on how you could be able to sustain and on how you could really be able to make yourself be profitable.

No that is not true, we have professional Bitcoin traders that only focus on Bitcoin and we also have those that focused on altcoins. We still have those that combined the two and there is no problem doing either but you have to know the risk with each of them. Traders that focus on altcoins are exposed to more risk because the market is more volatile and some coins can dip so much that you do not have anything left unless you are trading with a stop loss but still you will be at a lost. Trading just Bitcoin can be considered be better because you can hold Bitcoin if you did not hit your analyzed target but hodling altcoins can be risky too because the altcoins market is so unpredictable and it relies on the movement of Bitcoin before you can be sure that your altcoins is going to rise.

The meme coin market generated a staggering $68 billion in market capitalization as a result of whales using it as a way of quick profit while diverting their profits to Bitcoin.
Regarding the exchange token/coin, $BGB and $MX are examples. They experience an extraordinary spike in price as a result of the exchange's hefty dividend for their cryptocurrency.
Having said that, the ideal cryptocurrency to trade is always one with a high market capitalization, data, and performance.

Well, I am not a token analyst, but when it comes to finding what to trade in the market, I would say that every crypto asset that is listed on all good exchanges, and have good liquidity and trading volume around them can be traded at any time and day, one doesn't have to only focus on what is trending alone, for sometimes, what is trending may not even give up the kind of profit we want.

Its like a person having a particular place he or she is heading to, but got to a junction where the road seperated, he or she knew that taking the road on the right will lead him or her straight to where he or she is going to, but then, he or she decided to take the road on the left side because alot of persons were going that way.

As a trader, it's important to learn to leave news alone and focus on your own goals, focus on a nitche of narrative that will help you achieve your trading goals, not on what exactly on what is trending, personally, I only give attention to what is trending only if and when there is something to benefit from there.

I did not trading with particular coins, because to become a professional traders you should not focuses only with some particular coins, trading is not limited with a few coins, thousands of coins in the market, personally i trading with many coins some of new coins and old coins at a time but i never trading seriously with meme coins, it's optional trading and too small investment if somehow one coin is give something big.

Try trading a coin with a 24 hour volume of one dollar and then you can tell me if the size of the community is not important, community size and engagement is critical, and it is one of the reasons why bitcoin is by far the strongest coin on the market, however scammers learned how to fake this and as such it cannot be the only factor when deciding whether to invest in a coin or not, but it still needs to be considered to be an important one, as if no one uses that coin, then it does not matter how good it could be as there is no future for that coin.

This should not be a basis for trading, it's very wrong. Solana had one of the most lowest and crash in 2021 but look at the recovery and the volume of trading everyday. Right now, I'm not sure there is any coin that is traded like sol after Bitcoin and Ether this is because the recovery is fast and that's because of the Volatility and will you say Solana community isn't big? I think they have one of the biggest community in crypto.

If you are taking about popularity, you will have to mention Solana before you mention meme coins and they love the network because that's due to their low gas fee. Taking about scammers, we have thousands of them rolling fake coins on Pump dot fun and Dex screener rigging projects and stealing sol from investors and yet it's very popular coin by demand and by investments.

But you cant be able to stop people not to look into those moments or times when the community is still trying to build up or on the moment on which the hype is already that starting on which we know that when itcomes to this aspect then you would really be definitely be interested on getting in because the potential profits that you could really be able to obtain is which way more than on the amount that you could really be able to when you are really that investing into something which is old or already have that big community or simply the hype and interest is already that moving sideways or already that gone or average. This is why
you cant be able to stop people to have those kind of considerations on the time or moment that they will really be making up some choices just because of such aspect.

Choosing in between what type of coins then it would really be depending into your own discretion or choice on which we know that interest and other things will really be just that depending on your choice on which as long you do able to make profits then it would really be that something that will really be basing into your own preference. What matter the most on here is on how to make profits no matter which selection
that you would really be taking. We do know that when it comes to this aspect then probabilities would really be always there.

I do not see the size of the community as an important factor to look at before trading because when a project is already too big, to make profits becomes difficult. Project that are not known yet can give you the biggest profits when they become very popular therefore you have to do your research on the project to know what they have to offer before investing in them or trading them because scammers can buy twitter followers and use airdrop hunters to make their telegram community to be big but when you join, there would not be any genuine conversation going on but only airdrop hunters asking when they are going to be paid. Project has found ways to make their projects look big when they are not, some of them also manipulate the price of their coins through wash trading.

Long time ago when icos were just gaining the massive popularity they will eventually get, the size of the community was a strong indicator about the potential of a coin, as the more people behind it, the greater the chances it could succeed, however scammers very quickly realized about this and they did what they always do, which is to imitate that characteristic in order to make their scam look like a legitimate project, and people fell for it, so since then using the size of the community to try to predict how a project may perform has become as useless as any other metric.

It's not smart to just spam some tokens with the hopes that they would go up, but I will bite. I think SOL memecoins did had a period, they did alright during that period, but if you check them they didn't do well before and hasn't done well since, which is a proof that they just had a small time frame when they were good and that was it.

I think it would be smarter to go back and check ETH and BSC ones because they are looking like the strong ones again, and people are preferring those for a reason, it is not just because they "like it", that is not a good enough reason, if they did then SOl would never have anything, it's because it's historically the best ones.

SOL had the attention of memecoin people for a while with a few memecoins, which was fun and all, but it was never taken seriously and never will be. This is why I think it is important to think about what we are doing and how we are improving as well. We need to just invest into things that are not hyped for a brief moment, but invest into something that can stay for long.

BSC and ETH projects could go for a long time, 10+ years, not saying all will, some will and some won't, but at least it has some good ones, SOL doesn't have any.

Each person or simply into those traders or investors does have that different level when it comes to tolerance on things on which it would really be just that normal that they would really be having that kind of action whenever they do see something which isnt really that in line with their interest or preference. If they cant be able to tolerate out the risks involved on meme coins then just let them be and it would really be better that they shouldnt really be that making themselves trying to force on dealing up with somethin on which we do know that they cant be able to bare up with the risks.Trading up neither meme coins or with those blue chip coins then it would really be  that just depending on you. We do have our own choices and preference on which one we would really be sticking into.

The most important thing on here is that you do able to handle up yourself well into this volatile and unpredictable space without making yourself that being geting panicked whenever the price moves into the opposite direction on where you are really that predicting. If you do find yourself that profitable on the current trading that you are doing then just simply proceed on and continue.
It doesnt matter whether you are trading with those good utility coins or meme coins, it would be always prefer on something that makes you money.

"Community" isn't that important in crypto because reality is that whenever a project makes some money, they end up buying up members, which isn't that expensive neither. I can build a 2 million member telegram group (or twitter, same price) for like 2k dollars, maybe a bit more if you want higher quality accounts of course, but in the end even if we say just 20k, that is not really that crazy, it can be done and its how they grow.

Sure some of those people are real, but if you join some 400k member group and you see only 800 messages for a full day, from like just 200-300 members, you realize that the group is fake and there isn't really 400k people there, even if 99% of them is silent, just 1% of that would be 4k people, meaning even if they messaged once per day, it would be 5 times higher than what we have.

So all in all, I know that majority of those communities are fake, and I look at engagement instead. If you do that, see what they have, like how many people are talking about it, that would be better understanding of the community behind it. It would allow you to make some money based on how popular one thing is and how much hyped it could get, which would increase the price.

I only entered meme coins briefly and not for me to trade but for me to use as speculative investment material to test my luck in holding it for a certain period of time after I had done some previous analysis. But for daily trading I really avoid memecoins. And I prefer to be on altcoins that have large trading volumes. but is in the ranks of tokens or coins that do have clear fundamentals. Meanwhile, meme coin is just an option for me to hold with the money I get from trading profits. And although sometimes choosing memecoin has also made me get big profits in a short time. but it was a rare moment. So more often than not I only trade on coins that have clear fundamentals. And sometimes I am interested in new projects that have a large increase in trading volume. and it's always exciting enough for me to target for scalping in the market.

No one really survives in meme coins and if there are, it is only a few people who are trying to capitalize on short term gains.
When someone focuses on meme coins then they should know the structure of the coin because otherwise we will face losses.

If successful but if they fail in the market they will lose value, ultimately they will be developed based on the vision.
If the developer is only looking for profit and not making progress on the coin then the concern is that people will get trapped so the potential loss will be much greater and plus they don't have the knowledge to recognize the coin.

Despite their share in the total cryptocurrency market cap, I am not a fan of meme coins at all. I like to do long-term and short-term trading with altcoins and Bitcoin. Bitcoin is the only long-term investment for me and for short-term trading, I like good alternatives. When it comes to coin choice, I never trust meme coins, so I don't like to put a single $ on meme coins, so I will suggest others try and find good tokens and coins here and there. It is better that you invest the money in some good altcoins or Bitcoin where you can expect sure profit.

If you still want to try meme coins or new tokens, then I suggest you invest very little money in them so that you won't regret if you lose your money because, in such tokens or coins, you are not given any surety of benefit. I am not saying that meme coins are not pumped. There are many good projects in the market which have benefited people. As for sustenance, I think Bitcoin and some altcoins are much better.

I have always pointed out that exchange token should be an option for investment particularly if the the token has multi-utility on its ecosystem. Bitget has seen a decent growth in recent time and BGB has also seen an increase sue case particularly with the inclusion of it as the staking pool for the newly introduced Poolx. MX on the other hand is benefiting from the exixsting utility in MEXC.

I also feel BGB, BNB, OKB and MX should be the leading exchange token atm.

Such tokens usually do not have long-term value resilience when market conditions get worse, because when everyone starts witnessing a bad trend in the market that is presented with a price drop in Bitcoin, all other tokens will also experience a much bigger price correction in the same time. So having more of such tokens still does not guarantee more profits for the holder, especially if the holder does not have a lot of Bitcoin in his bag so it would be useless to have more tokens but not a single Bitcoin.

Why would really be needing to choose one if you could really do both things? There are really indeed people or investors/traders who would really be that making up some division into their portfolio on which one is really just that for intended for short term and the other one would really be intended for long term. The profits you are making in short term trades or investment is neither you would really be compotunding into your current capital for having that more bigger capital and potential profits with bigger positions or you would really be rather securing it into those other half which is really that intended for long term? It would really be just that depending on you on which one would fit out into your risks management. You would really be the ones who would really be making up such decision on which one you would really be finding yourself that preferred.

As for coins then it would be with your own discretion since there would really be those people who would really be thinking up about dealing with coins which does have good utility and there are ones who do stick up with
those projects which are really that totally shit but the hype and interest is on the rooftop. We cant really be able to deny that when it comes to possible returns then it would really be always best that you should be dealing up with meme coins but of course the risks involved would really be that high and this is something that you should be mindful on the time that you will really be dealing with it.
Analysis will really vary into each other because we do have different approach when it comes to this matter.

The "style" or whatever it's called, is the main thing that people look at and that's very crucial for most people. Like is it a casino token, is it a dex token, is it a p2e token, is it an AI token, and many other buzzwords really.

These days for example the whole telegram game type of things are getting interest after notcoin made a lot of money. I think not many else will, even this hamster kombat will not make that much money, but at the very least we know that it is going to be hyped for a while longer, that's the most important part.

I think it's fair to say that people invest mainly into these buzzowrds and what kind of token is the thing they look at, and I personally think that we should consider that as reality.

I personally do not invest into anything like that, I like to invest into something that's purely just about features and what it can provide to the crypto world and not many exists that helps the crypto world so I try to stay away from anything new. Old ones already provided what they can do, and that is why I invest into those, top 10 or top 20 is more than enough for me and I keep putting my money into those stuff to make it work some way or sort, that would make it better.

What do you mean when you say grouping actually? It is by investing by category? Like for example we have a bunch of exchange coins/tokens in one side and then the other would be meme coins, and so on..? If it is, well I like the idea.

It makes us organized and it helps us to not get pressured. You said Bitget is the second in CEX? I highly doubt it and I'm correct because when I check CMC and Coingecko for confirmation, I can see that Bitget exchange is rank above the 10th spot for the both of them. Don't worry as that was still a nice spot and who knows? If they continue their momentum, they might now surpass other top crypto exchanges later on. Not just the meme coins but all cryptos are speculative. In the non-meme coin field, there's also new coins that came out from time to time but the established ones are still more proven than them.

For me, grouping tokens is much needed when thinking of holding for the long term and simply growing my portfolio. Exchange tokens like $BGB and $MX highlighted in the Coingeck report have showed good potential. With Bitget emerging as the second CEX with the highest increase in trading volume in Q2, it is expected that the platform token $BGB would appreciate over time as the platform consolidates and expands its services. But having a variety of tokens like this in your bag would be a necessary approach to benefiting in any increase in value.

For meme coins, it is largely based on speculations. New ones are emerging daily, thereby making the older ones unpredictable except the teams can be trusted to keep working.

Memecoins are good tokens to trade but you have to be careful when trading them as they're very volatile as traders mostly pump and dump them due to them not having any utility. Memecoin has done very well this year but they have also been the ones that are getting dumped the more when the market is crashing. I trade memecoins but I don't trade every memecoin that gets launched as I know there are many scammers launching their own memecoin and alot of them are just going to make you broke. I trade the big community and popular memecoins and I trade them by buying when they crash and wait for a good news to sell them.

There's alot of other coins right there now it depends in the current trend or pattern of the coin I would like to trade in the future this is my strategy, seems you always talking about meme coins for me this isn't ideal to hold for a long term just a quick flip with the spots in trades but holding a long term and hope to be one of the profitable coin seems not ideal with my strategy. I keep making a trade with the BTC/ETH/XRP with just casual trade but I do holding for a long term with the BTC.

There are two types of trading such as the futures trading and spot trading. Spot trading is more like holding, even if you are only going to hold for a short term period until the price of that token or coin surges in price. If you are spot trading, then you can make research on the best performing altcoins that you will invest your capital in, such as the list of coins you already mentioned. If you are venturing into futures trading, then you only needa few trading pairs with notable volatile, example is BTC/USDT, ETH/USDT, DOGE/USDT, etc.

currently i find myself quite frequently shorting on the overvalued altcoins with too big of an FDV compared to the competitor, coin like TIA and so on, I find shorting them rather interesting tbh since you know at some point there will be token unlocks and people will be in fear. just knowing the unlock date of these coins alone already giving me advantage so it's easy trade.

but for the longer game it's always BTC and ETH, current price swing is good opportunity if you're experienced trader, people easily panic in this current market, so many uncertainties, but that's also what makes the market interesting  . it's really good for future contract with leverage if you can accept the risk.

currently i find myself quite frequently shorting on the overvalued altcoins with too big of an FDV compared to the competitor, coin like TIA and so on, I find shorting them rather interesting tbh since you know at some point there will be token unlocks and people will be in fear. just knowing the unlock date of these coins alone already giving me advantage so it's easy trade.

but for the longer game it's always BTC and ETH, current price swing is good opportunity if you're experienced trader, people easily panic in this current market, so many uncertainties, but that's also what makes the market interesting.

My trading categories usually involve going for more infra/fundamentals altcoins vs just pure memecoins trading. I find that even though fundamentals/infra projects have messed up token metrics aka VCs holding a large portion of the supply with regular emissions due to unlocks, they still trade better than altcoins do. For instance, when market goes down, memecoins go down 2-5x faster than the norm and that right there is a concern for me.

TLDR, Majors first, then fundamentals. Memecoins if I just want to gamble.

I don't trade meme coins as my experience with meme coins hasn't gone so well, each time I buy memes and hold they never come back to my point of entry and which I lost some dollars as a result of this, I trade few altcoins now and basically focus on trading Solana, ETH, and Ordinance coin aside from Bitcoin fact that I trade. The best way is to trade the coin you find good after a research. There are various coins in the market to buy, if someone is looking to earn money from the hypes, pumps and  dumps of meme coins and some Altcoins.

One of the main concern when dealing up with meme coins is on the time that you would be dealing up with it is that you should be wary about those pump and dump or simply with tons of rug projects.
It would really be that important that you should really know on what you are dealing with and you should really be that wary about on the potential risks that it do give out.
Although there will really be those people who do loves on dealing with memes considering on the potential profit that it could give out specially if its been that hyped out.

Choosing in between good utility coins or to those who are being hyped up just like meme coins then it would really be that entirely depends on you because
each trader or investor will really be having that different choice according into their preference because there are ones who do love fast pace profits and
there are ones who would really be liking on holding those good coins for long term.

From a proof of work meme coin, Dogecoin, developers try to expand meme coins to smart contracts because it is more easily for them to create new smart contract coins. They don't need any support from miners to keep their projects going because there are parent blockchains like Ethereum, Binance Smart Chain, Cosmos, Ton, Tron, Solana do this task.

This gives scammers greater chances to boost their scam intensity to a higher level. This gives greed people more risky chances to take risk and lose money.

Even the recovery of Solana from bottom is big surprise that trigger the universal surprising of Solana ecosystem recent months and meme coin creators quickly parasite on Solana blockchain and this hype to get benefit from it.

You're saying that meme coins can be divided into different blockchains like BSC, ETH, Solana, and so on, and so forth? It doesn't work that way, but it's a completely opposite one.
Meme coin is a category of an altcoin, and these meme coins can be created on different blockchain like BSC, Ethereum, Cosmos, TON, Tron, Solana. Both have difference.

TBH, it's quite surprising that Solana-based meme coins are the most popular ones right now.
I'm not following the meme coin trend and it's hype hence, I don't that they're the most popular meme coins as of this moment. Anyway, for sure many investors are making money off of it and as many make money on it, many are also losing their money.

Well, that might help but traders in general have different approach when it comes to trading different types of tokens. I'm not an expert in trading, but I can say that the most popular ones on each category are my go-to coins. I mean I always go with the most popular ones, and the ones with large market caps whenever I trade. I don't want to specify meme coins on this one since it's just one category.

I'm not sure if we will have to go to this process of grouping tokens. For me, meme coins is all the same, you can trade this and take token, but at the end of the day, it's just for pure pump and dump in my opinion. It's the question on how anyone can tolerate that big risk? And it's really like you are gambling here in choosing which meme coins you are going to invest today and then after, the next day it will be very another set. I'm not in the meme coin investment though, so this is just my opinion. I do agree that bigger risk, bigger reward. However, it might be good though to invest on solid coins, at least you can sleep well at night knowing that your money is not going to zero.

It's like a lottery ticket to search for the next trend and hype. Some are lucky to be in it too early and that's why they're happily getting out from it.

But those that are in the midst of it and likely stuck in the midst of it, are the ones that are losing most.

So, trade what you think is right with the help of your own analysis but don't stick to one. As a trader, we should anticipate what's coming and as well as be prepared for some contingency.

This is totally out of context and I don’t see the reason why you’ll need the niche a coin belongs to before you can trade them. This is not related to trading and relating them will only limit your chances of getting more profitable trades or losses as the case maybe base on how good you are at trading. In trading, you don’t need to group coins base on the blockchain they belong to before you can really tell how far they can go or if they’re the perfect pair for you to trade. With your market analysis of the technical and fundamental aspect of the market, you can trade at anytime and with any coin and make a good profit from them. Just understand allow to read the market and know when to long or when to short.

Well as a trader I have a bit of everything in my pf

Defi>> ETH
Modular Blockchains>> avail and tia
Exchange tokens >> BGB(I'm not surprised that the token insights report mentioned Bgb as the top performing exchange token this quarter)
L1 & L2s
Memecoins

Sure, those meme coins that are created on daily basis are mostly created to rug pull money of the investors and I would never suggest anyone to even explore that area of crypto world.

Degen traders aren't traders but frauds or gamblers only because Degen coins are 100% useless and only the rugs and frauds can make money with those coins.

A good trader who's good at trading will avoid trading those useless meme coins at any cost unless he/she wants to gamble on those for fun.

If you would really be liking to stick into those old and established coins then you would really be putting up that focus into those top ranking coins or into those huge or big caps but if you would really be having some plans on trying out to get those huge returns or having those huge multipliers then your main choice or step you would really be making is to deal up with those gems or to those coins or projects that hasnt been pumped out yet. Yes, it would really be that possible or something that could really be attained but you should really be making yourself that having that kind of awareness about on the risks involved into it.
We do know that dealing up with new projects does have that high very chance on getting rugged or being a scam one. On the time or moment that you do hit up the right spot then it will really be giving out that
kind of chance that you would be able to make huge profits.

Also i do agree into the sentiment that i would really be rather be going with the hype rather than utility specially for short term. Example on this one is on dealing up with meme coins.
I do really love to hover myself into this place on which if you do really know on how to make that control and moderation then you could really be able to make money
but of course the risks is very high.

fortunately coingecko and coinmarket cap has this list and it's always a good place to give me hint on what crypto should i trade at the time being.



just looking at market cap change and price change for the last 7 days enough to give me insight on what's the altcoin that has bigger chance to have higher volatility and also higher chance of pumping.
but I personally always prefer to ride the hypes, trying to find hidden gem before it's showing its real worth.

When you trade, trading volume, available liquidity are most important to consider. Because if you only can enter but can not exit or get big loss by price slippage as consequence of low trading volume, low liquidity, it's not your job to start trading at all.

After see good trading volume, liquidity, it's time for you to look at a more important factor, fundamentals of that project. With good fundamental projects, if you trade wrongly, you still won't lose all your money.

A most safest cryptocurrency for trading is not any token, but Bitcoin. Highest trading volume, longest survival time so far, no rug pull.

Tokens? They are very risky and I don't recommend people to focus on trading with tokens.

I'm always going with high trading volume, like the 24H trading volume or weekly volume.
So, even if the market cap is high, sometimes trading volume is low or high.

It seems you are fan of the "category" of altcoins you want to trade where like memecoins or defi tokens, layer-2 tokens, etc.

Professional traders don’t depend on one coin in the market. As a trader, all you need to know is how the market works or how the coin you want to trade on at that time moves in the market. But if you depend on a specific coin that you will be trading all the time, you are going to be at a loss all the time.

As a trader who really wants to make money out of trading, you need to study many coins and know how the market moves so that anytime you enter the market, you will know the steps to take and make your money, so don’t depend on a coin. I can see that you still want to learn because the way you ask the question suggests you still want to know more about trading in general, so go and learn before entering the market.

If you think like this you are really not a trader and I don’t even know which category I’ll classify you in. Traders look for opportunities from any coin in the market, they don’t depend on one coin base on niche, preference, project team or any other thing, all they want is how to take advantage of that coin when going up or coming down to make the profit out of it. Every coin has its ups and down, for you make the best out of them is how you understand the movement of the market and how you strategize yourself to always be at the winning end of the market no matter the direction it take. Understanding fundamental and technical analysis of the market will help a lot.

I wouldn’t even refer to anything related to memecoins as investing rather will leave it as staking, because investing is actually those coins that you can hold for a very long term, yes there are memecoins that one can hodl for a long term but they are very risky in fact the best way to trade them is by not staying too long on them except one might have booked profits already. If you look at memecoins like Dogecoin, Pepe, Bonk and other top coins one can easily see how huge they have dumped over the year which signifies the risk in holding them.

Just as you pointed it is best to invest in bitcoin and risk on top Altcoins if you wish to through that lane. As for memecoins it is best to treat as the way we trade futures or derivatives because 95% of them rugs and that’s why the most risky trader is the degen trader

Choose Bitcoin and other top altcoins for trading and trust me those will work in each season. I know sometimes people make much money by investing in meme coins but it's not worth it if you're a good trader.

I suggest you to trade Bitcoin, Ethereum, BNB, LTC, SOL, TON, and a few more coins that have performed well in past and might perform good in future. If you want to trade meme coins then trade Doge as that's much better than those newer meme coins.

Trends like those are ephemeral, and if a person is not ready to take advantage of it immediately then chances are that they are too late already, so chasing the next hype is often a useless pursuit for the majority of the traders out there, which will do way better by going back to the basics, which is to use a solid strategy based on TA, and pick good assets that will do well in a consistent basis over assets that only do well during a short period of time.

That makes sense if you're someone don't want to miss the trend. Everyone saw that trend in the SOL network where most of its airdrops and memecoins have pumped a lot.

I have no idea right now but it seems that it has stabilized a bit but maybe sooner or later, they'll be moving a lot again.

Right now, it's more with Bitcoin as that's reacting to the political matters in the US. Just pair your trades with BTC and I guess that you won't have to think a lot for what you should trade.

Trading is different from from holding. You can research and trade any coins of your choice. Only holders are thinking of a coin to rise in price. Traders think of both increase and decrease and use it to trade. Trader can earn in both directions.

I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp