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What Do You Look for Before Buying Cryptocurrency?

G

Goldynn

Member
AfriCoin
-760
Of course you just don't buy a coin like that, or because someone mentioned it and suggested it would be a good choice. Doing your own research would help you make the best buying and selling decisions, but it would also help you to navigate this vast space of cryptocurrencies.

One of the things you should watch out for is the tokenomics of the coin. This includes things like the total supply, the current circulating supply and market caps and how the price will fluctuate in the future.

It's also good to check the usefulness of the project to the space, it's competition and the team that's working on it. Their credibility and past experiences, how they promote it would be very valuable to it's future.
 
It is very important to buy a cryptocurrency that has potential because when you buy crypto, you are interested in making money out of it. Investing in cryptocurrency that has potentials will definitely give you a decent amount of profit and that is what to look at
 
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