In recent weeks, $PEPE has become one of the hottest cryptos out there. Its price has skyrocketed and it’s earned its place on the global stage as a major cryptocurrency. Despite it being a meme coin, its market cap is now reaching figures previously unseen, and it’s quickly becoming one of the most popular cryptocurrencies out there.
When Not To FOMO Into Coins
Although this article is not intended to give buy or sell recommendations for specific coins, it is important to note that FOMO (fear of missing out) can be an incredibly dangerous game in the world of cryptocurrency. It’s best to spot the trends before they become mainstream and invest when there’s still time to get in ahead of the crowds. To determine which cryptos are about to skyrocket in value, it’s important to look for several different indicators.
Social Media Activity
One of the most effective indicators for identifying which cryptos are about to skyrocket in value is social media activity. Social media platforms such as Twitter, Reddit, and Telegram are filled with conversations about various cryptos. Many times, these platforms will provide early indications of which coins are becoming popular. However, they are not infallible, and it’s important to evaluate the information critically before investing.
Exchange Volume
Another indicator to look for is exchange volume. This represents the total amount of trading activity for a particular coin, and it can be a useful indicator of how popular that coin is becoming. When you compare the exchange volumes for different coins, you may be able to spot trends in which certain coins are being traded more than others.
Get Instant Crypto Alerts
Moonrig.io is an excellent and free crypto portfolio tracker that can be used to monitor the value of various coins and their performance in real time. It also sends instant alerts when new investment opportunities arise and can help you spot cryptos that are about to skyrocket in value. This crypto coin alert system can be a valuable resource when looking for new opportunities to invest in.
Conclusion
Spotting cryptos about to skyrocket in value is not an exact science, but by paying attention to certain key indicators such as social media activity, and exchange volume, and using Moonrig’s alert system, investors can get a good idea of which coins are set to take. Throughout this process, it’s important to practice due and never invest more than you afford to lose.
With the amount of research and preparation, investors can get ahead of the curve and secure profits from cryptos about to reach new heights. When being an early investor, it’s also important to be aware of scams. Be sure to thoroughly check if the team behind a certain project is legitimate. Take profits when the crowd comes in, and enjoy the ride!
