When you hear about a new crypto that skyrocketed by 100% and you get hit with FOMO (fear of missing out),
Apply this advice immediately:
Wait a full 24 hours before buying. Most of these spikes are followed by a sharp correction due to profit-taking. Buying at the peak is the quickest way to lose your capital.
Always look for solid projects like
ETH
1,615.69
+3.63%
$ETH or the leading coins during a correction, instead of chasing those explosive green candlesticks.