đ Here is a guide on how to use DEXSCREENER and find the next gems đ
For those who don't know, Dexscreener is a platform that allows you to monitor all the live token data from different chains.
First of all 1- CHOOSE A CHAIN The choice of the chain must take into chain with more VOLUMES and with LOWER FEES Personally I prefer SOL but there are different others legit
2- NEW PAIRS Take a look at the 24h and 6H 'new pairs' token to see the newest tokens, their market cap, the volume they moved in the last 24h and 6h and from here we start adding filters.
3- FILTERS a) Market Cap : 100k-200k b) Liquidity : 15k-20k c) Max Pair Age : 48h
| I remind you that this is very risky speculative strategy the riskiest I know at the moment, but also the most profitable |
4- ANALYZE THE CONTRACT Analyze the contract token's address to make sure its a legit one. It's impossible to be 100% sure about the security of a token but pay attention if there is some red flags
5- CHECK THE SOCIAL MEDIA Check X (ex Twitter) followers, check the account activity and the engagement on that account.
Many of the projects that explode in a short time begin to have a large following and many interactions. Checking even if there are well-know crypto influencers among the followers, it would be a great sign.
6- TRADE Once you have checked all this and found the token you want to bet on, all you have to do is open the chart and look at the price action. I gave you a simple example of a trade I made on the token BASED: a strong start cobined with growth on social media, an increase in volumes and a clear bullish pattern on the chart.
A tip: to set your take profit on tokens that go in price discovery it's essential to use the Trend-Based Fib Extension
I hope this little guide can help you navigate the wild world of memecoins and find your x100 gems đ
On request I will give you an even more in-depth guide
Jokes aside, XRP is an asset highly regarded by institutions its thought that an ETF on xrp may arrive and some investment funds have already applied.
Why all this? Undoubtedly it has a good structure and its technology on real time payments has little to envy to other companies. In addition, Ripple has repeatedly shown itself inclined to collaborate with government agencies (not the SEC đ)
To build a 'trust' asset we need stability and as we can see XRP has been going pretty sideways for the last 2 years now wich makes it difficult to consider a speculative asset.
So why does it sucks? Because wether we like it or not, 90% of those who invest in crypto do it to speculate ans XRP is not the best asset to do it on.
Because his inclination towards government bodies does not please those who prefer greater independence from them (you cant talk about DEFI in this case).
Because he has had problems with the SEC for years, wich distances investors.
And now because he chose the worst political part to be with, the one that has been against crypto for years and that is now not proving to be better even if it accepts payments in crypto.
This shows Ripple's tenedendcy to favor the pleasure of the government on duty instead of the crypto community and those who really support it.
Todd denied claiming that he was not Satoshi Nakamoto. But above all.. who is Peter Todd??
For those who don't know him, Peter is renowned for his long-standing contribution as a Bitcoin core developer, consultant and developer of other blockchains.
He denied being Satoshi Nakamoto both before the airing of the HBO documentary and after its release.
It's normal because unlike the beginning of the Internet when people were wery and had to learn how to use it, now the Internet is avilable to everyone and has also speeded up the learning that people have about the 'technological world'. Everything goes faster. And crypto is adopted faster. In addition to the fact that people see the possibility of gettin rich thanks to crypto. In any case.. this is bullish
We can see how after #BTC reached its new ATH, there were a series of decreasing highs and lows until last week in wich we saw a liquidity take on the last relative high (buyside liquidity taken).
This week's candle is closing in sell but with a good resorption of the price upwards. This past week has been manipulated downwards because of the news about the war that brought the price of BTC and other assets to the downside.
What to expect from the next week? Much depends on the geopolitical news that makes investors uncertain, we have 2 different more probabilities way to run:
As you can see on the daily chart, there is a FVG above our heads and the 50% Order Block under.
The price can go upwards without retest the 50% of the OB and broke the FVG going to take the liquidity on the other buyside liquidity or close the FVG and then bounce to the 50% OB before keep going to the next relative highs
In any case I want to give to Uptober a chance with this analysis
Privacy will be no longer a 'real' privacy All of us will be spy and control by our society
Our money will be controlled Our savings will be controlled Our freedom of speech will be controlled Our freedom as individuals will be controlled
It will not be possible to escape from what society will become. But you will live in shadow and in the silence.
When we can, we will be able to sabotage the control that will be imposed omn us at times.
There are those who will be happy to be friends with their executioner. There are those who will be conviced that all this control will be done for our good.
Some people will never wake up.
Don't be one of those Wake up And get ready to survive
If you haven't noticed, more and more banks are entering the crypto world by launching services on Bitcoin or new stable Coins
All this while central banks are finalizing their CBDCs.
For those who don't know, CBDSs will be digital currencies like the dollar or the euro but on the blockchain. Traceable, programmable, privacy will no longer exist. And it will no longer exist even with the cryptocurrencies created or used by the banking system.
Like it or not (I don't like it) this will be the future if we want this mass adoption of the blockchain to happen.
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