Being Well Positioned for the Bull Run - How?

Waking up this morning I can't stop thinking about the crypto market. Each no and then I will receive notification about the increase in price or decrease in price of various tokens. This kept me wondering how fast things can change.

Some week ago $BTC was trading below $5k and I was even afraid to but some unit. I keep waiting for it to drop a bit due to how it was going fluctuating. To my greatest surprised Bitcoin hit $5k and while I was still think it went above $6k. How things can change.

With the increase in the price of Bitcoin many coins experienced a d sharp increase in value. Although some projects also went down. Due to the increase in the price of Bitcoin we are seeing many fake project doing their every possible best to mislead and steal from people.

Now the question is; how prepare are you for the bull run?

In order to be better position for the bull season there are things to note of.

• Identify fake Project and stay away from them

• Look for project with high potential and invest in it.

Considering these points will helps us stay away from scam and be better positioned for the bull season. So let's dive into them right now.

Identify Fake Projects and Stay Away from Them

There are a lot of project advertising on the X platform. Some of these projects are airdropping while most of them are engaging in presale.
It is very important to do a proper research about these projects before participating in the airdrop or presale. It is also advisable not to use your main wallet for this kind of airdrops. Some
one may ask if there is any harm. Yes!

There is a high level of risk is one should use his main wallet for such airdrops. There have been many instances were people get scammed with the wallet address the use for airdrop. I can't tell exactly how this scammer does it but what I'm sure if is that many have been victims of such

Many of these projects also use pancake swap for their presale. It is also very important to not that anyone can create a token on pancake swap. Even pancake swap has made that know to the public. Most of this fake projects operate in a way that seems so real that you won't even dream to doubt the authenticity.

So a diligent research is required to identify these fake projects and stay away from them.

Look for project with high potential and invest in it.

Knowing which project will do better with and which is legit may not be all that easy but is very possible. I recommend going to different centralized crypto exchanges and participating in the airdrop listed on those exchanges.
Reason is that these exchanges will never in any way accommodate any kind of scam in their platform. There are a lot of exchanges out there giving out new coins through lunch pool. You are make your research and participate in the projects running in those platforms.

You can even choose to buy coin already listed in these platforms. This is better because you won't end up being scam in the name of airdrop and presale. Identifying legit crypto project and investing in it can change our lives for the better. Let take Solana as an example.

This days Solana has been making waive. Last two months I saw it trading at $65. I wanted to buy it but end up not doing do. Unfortunately for me $SOL is trading above $120.
Right now many projects are being built on the Solana chain which is a good thing. I believe in a little while Solana with compete with Ethereum due to it massive support from all corner.

My Plan

My plan is to buy as many coins as I could. The market movement this days is quite amazing and most projects are heading to the moon.
Solana and Bitcoin are first on my list to buy then I will buy hive and other coins with great potential.

Note: I'm not a financial adviser. This post is only for Educational purpose. You can do you own diligent rand invest wisely.

Credit

Thumbnail gotten from Pixabay

Second picture is a screenshot from a crypto exchange

Posted Using InLeo Alpha