BSC analysis is easy! Here are some tips for investing in cryptocurrencies on the web3 network
The biggest concerns of investors in the decentralized space are fraud and scams.
By using some simple methods that I will share, you will be able to quickly analyze projects on the BSC network.
Look for the token name or the verified contract address (CA) on Twitter - check if the token's rise is due to a post by a single person, a celebrity launch, or just speculation. After a few attempts, you will learn how to quickly identify patterns.
Beware of ads and Dexscreener increases - project owners often sell tokens to cover extensive ads or increase costs on Dexscreener. Be cautious of projects with excessive increases and promotions.
Copycat tokens in new trends - when a token is launched on a trending commodity, many copycats follow it. The release of these copies can positively affect the price of the original token.
These ideas are based on experience, and you can test them yourself through research. This is not financial advice!
Follow me to receive all my posts 💚❤️
