Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

analyst75

How To Pick Winning Cryptos – Part 2

Recommended Posts

How To Pick Winning Cryptos – Part 2

 

In part 1 of the articles in this series, we examined some of the essential criteria to be considered when picking cryptos that have the potential for unusually massive returns.

In this article, we would reveal another way of picking the winning crypto.

We want to look at popular crypto exchanges, consider certain factors and invest in some exchanges that have huge potential as well as a promising future.

Business models that survive economic adversities
We went through crypto winters in the past and we will experience more crypto winters in the future. Some crypto exchanges that survived in the past, grew stronger. Crypto winters are testing grounds for crypto exchanges whose business models are resilient. These are exchanges that eventually become leaders in their category.

Some great crypto exchanges today came about when most cryptos were bearish; a factor that proved their strong aims, ambitions, and business strategies. This is just as a good percentage of successful high-tech companies have proven to be able to survive adverse business conditions.

High-tech companies invariably survive crypto winters, economic downturns, busts, bear markets, and depressions. Their teams know that the need for the services they render is perennial. Thus they remain committed to their visions.
How to pick winning cryptos – Part 2Crypto exchanges with a great future
Now, back to crypto exchanges. When investing in crypto exchanges, we are looking for exchanges that have strengthened their effort, strategies, and actions in the face of uncertainties. That is a dependable sign of their ability, perseverance, and motivation; plus their faith in crypto industries.

There are centralized exchanges (CEXs) and decentralized exchanges (DEXs). Going into details about CEX and DEX is beyond the scope of this article. However, apart from the factors mentioned above, we want to examine other factors that need to be considered when investing in crypto exchanges.

More factors
Let us consider a typical crypto exchange:

What are the ratings they get from users’ experiences? What are the reviews about them on forums and other websites?

What is their average trading volume?

How many markets are available on the exchange? How many coins do they support? How many fiat currencies do they support?

What is their average liquidity score?

What about the traffic to the exchange platform? What are the average daily visit, average weekly visits, and overall unique visits?

If an exchange is being hit by bad news, having problems, mismanaging funds, losing credibility, etc. I will never invest in such a company.

If I do, the value of my investment will be reduced greatly. It could even go to zero ultimately if the company collapses.

If an exchange is getting better, becoming more popular, innovating at a furious pace, blazing trails in the world of blockchain, etc. I want to invest in such a company.

The easiest way for an ordinary investor to invest in a crypto exchange is to invest in their native token. It is like buying some shares of a company, so to speak.

As the company grows, becoming more and more successful, the value of your investment will grow.
How to pick winning cryptos – Part 2Some examples:
ONE
Let us consider Binance, one of the most successful and most popular crypto exchanges. They also have a decentralized exchange called Binance DEX. Their native token is Binance Coin (BNB).

Buying BNB is like investing in Binance.

On August 1, 2017, a BNB was worth $0.09611. On May 10, 2021, it was worth $690.93. You can calculate how much you would have made in less than 5 years if you had bought more than 1000 coins for around $100.

I bought BNB when it was around $11, and I made about 9000% profits in less than 3 years.

By the year 2024, BNB would reach the resistance level of $3000, if not breaking it to the upside. That coin can reach at least $10,000 in value before the end of this decade. And that was a coin that was worth less than $0.1 just 5 years ago.

Not all good exchanges have native tokens. Nonetheless, for those who have, I want to consider them, especially if the fundamentals around them are favorable.

TWO
Another example is FTX. The company was launched on May 8, 2019, and its native token is FTX Token (FTT).

In 2019, FTT was worth around $0.8. On Sep 09, 2021, it reached a value of $85.02. How much would you have made if you’d even bought the coin when it was worth $1?

FTT can reach at least, $1000 within the next 6 years.
How to pick winning cryptos – Part 2More crypto exchange tokens
This is not a complete list. It is just for you to be aware of some crypto exchanges (DEXs and CEXs) and their native tokens.

Binance Coin (BNB)
FTX Token (FTT)
KuCoin Token (KCS)
Pancakeswap (CAKE)
Huobi Token (HT)
Bitmart Token (BMX)
Uniswap (UNI)
Bancor (BNT)
Compound (COMP)
UNUS SED LEO (LEO)
Trust Wallet Token (TWT)
Sushiwap (SUSHI)
Cronos (CRO)
Curve Dao Token (CURV)
Quidax Token (QDX)
AAX Token (AAB)
Hit BTC (HIT)
Coin EX Token (CET)
Bitrue Coin (BTR)
Probit Token (PROB)
Toko Token (TKO)
Bitforex Token (BF)
And so on.

NB: This is not a financial advice. You trade and invest at your own risk.

Source: https://learn2.trade 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.