I am a new trader who has been trying to analyse the market but couldn't find anything. I have also been trying to identify the so called " gems " in the market but so far have been unsuccessful. What do we look in coins? What does determine their price movement? What shall I chase while looking for coins/gems? I really want to learn and invest.
If anyone can help me with this, I'd really appreciate it.
If you want a more classic investment, you can buy coins that have already proven themselves in the market. In this case, the profit from investments will not be big, but the risk will be minimal. Profit is small, because the coins, which are already presented on the exchanges, have long made their main x's.
If you invest in young projects, there is a chance to make a large profit in a small period, but in this case the risk is higher, because young projects may be a scam or the developers will simply abandon their development, which often happens during the cryptocurrency hype.
Do not invest in all sorts of questionable NFT tokens or GameFi projects. Look for those projects that have a developed ecosystem.