Coins

Choose Coin to invest with sharks

Choose Coin to invest with sharks

     As in the previous post How to choose the best coin to invest in 2022 , I introduced you to some things to meditate on to check coins before investing. Today I will introduce to you some tips to check coins.

With Coin with open source code, we will find it on GitHub:

- Find the coin's source code on GitHub (if it's open-source, that's one of the signs that the coin is worth investing in), find the contributors section, and try tracking the coin's recent activity. Each coin is a startup project, and the project is only worth the investment if it guarantees to deliver the product as promised. The source code for each coin is usually linked on Coinmarketcap, as illustrated below:

- Another thing you need to do when looking at this commit list is how many contributors are actively participating in the project. If 99% of recent commits come from just one person, then this is an alone project that doesn't receive the support or attention of the community, so it will be much harder to succeed.

- Another thing you need to do when looking at this commit list is how many contributors are actively participating in the project. If 99% of recent commits come from just one person, then this is an alone project that doesn't receive the support or attention of the community, so it will be much harder to succeed.

Swim with sharks:

    Searching for the number of pending orders to sell or buy on the order books of the platforms, of the exchanges is the simplest way to find and detect crypto sharks. Then, if you discover on the order book, that there is a large volume of orders waiting to buy or sell a certain coin. Sharks may be about to appear because this is just one of the sharks' pumping methods to lure other investors. After that, the shark sees the opportunity to suddenly cancel the order waiting to buy or wait to sell and suddenly buy or sell to make a huge profit.

I will be modelling the Binance Smart Chain network.

First, we go to the Web site https://coinmarketcap.com/ or https://www.coinecko.com/en. Here, I use coinmarketcap.com to get the Contract for a project.

    Then we click on the Binance Snart Chain Contracts section as shown in the image above that we have bolded. The page will redirect to https://bscscan.com/ as shown below.

    Right in this section, we can see the market cap is over a hundred million dollars. The current total supply about is 277 000 000XRP. And the number of wallets holding is 217 390 Wallets.

Next, you select the Holders section as shown below.

    Here will appear the wallet addresses holding XRP. Usually, the first 11 wallets will be the wallets of the project and the floor (this is what I'm projecting, so you still have to check carefully). I will choose two wallets as an example for everyone: 0x03f18135c44c64ebfdcbad8297fe5bdafdbbdd86 and 0x265c79b35f3b50f006c499ce815ec0784535d53e
     You clicking on wallet number 0x03f18135c44c64ebfdcbad8297fe5bdafdbbdd86 will look like the picture below

    Here you can see the transaction history of the wallet, Continue to click on the FILTERED BY TOKEN HOLDER section to check what tokens are in this wallet?

    As here this wallet has just over 100 tokens. And mainly the amount of USDT in the wallet is XRP. Inferred, we can conclude this wallet is up to 90% of the Project's wallet. 
    Similarly, you check other wallets 0x265c79b35f3b50f006c499ce815ec0784535d53e

When checking with wallet 0x265c79b35f3b50f006c499ce815ec0784535d53e. We look in FILTERED BY TOKEN HOLDER. We can see that this wallet holds a lot of Coins. Among those coins, a large number is XRP. This we can also temporarily conclude that this is a wallet of a holder or a shark holding XRP, not the wallet of the Project.

▪ Check wallet Private sales: In the first launch of the token, the project will transfer Tokens to parties such as Public Sales, Private Sales, teams, etc. Public Sales is about 100-200 wallets with the same number of tokens. Private Sales and Team will receive other Tokens, but Private Sales are usually big Funds, so when we check these Private Sales wallets and see if they sell or not, we can evaluate the Partner of the project. good or not? Is the project appreciated or not?
▪ Check the wallets of people around: When you find a quality wallet, you can go to the Transaction section to check which wallets it is dealing with, most likely acquaintances, colleagues, or associations. their friends. From there, evaluate how this group invests.
    Check wallets on other Chains: ETH wallets are not only used on the Ethereum platform but also can be used on other EVM-based chains such as Binance Smart Chain, HecoChain, Avalanche, etc. Check an individual's assets People on other chains, will know which Chain they are interested in.
    Here are some tips to help people check coins faster. Don't be afraid to comment, let's discuss.

Disclaimer: We are just a website that provides news about Coin, blockchain companies, blockchain products and blockchain events. Nothing you read on Clubdiscuss should be considered investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please exercise your due diligence before making any investment decisions. We are not responsible, directly or indirectly, for any damage or loss arising, alleged or otherwise, in connection with your use of or reliance on any content you read. on this website.

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