As a Token Analyst, what type of coins do you trade the most?

[VicManton]

I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

[Charles-Tim]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Trading is different from from holding. You can research and trade any coins of your choice. Only holders are thinking of a coin to rise in price. Traders think of both increase and decrease and use it to trade. Trader can earn in both directions.

[boyptc]

That makes sense if you're someone don't want to miss the trend. Everyone saw that trend in the SOL network where most of its airdrops and memecoins have pumped a lot.

I have no idea right now but it seems that it has stabilized a bit but maybe sooner or later, they'll be moving a lot again.

Right now, it's more with Bitcoin as that's reacting to the political matters in the US. Just pair your trades with BTC and I guess that you won't have to think a lot for what you should trade.

[Silberman]

That makes sense if you're someone don't want to miss the trend. Everyone saw that trend in the SOL network where most of its airdrops and memecoins have pumped a lot.

I have no idea right now but it seems that it has stabilized a bit but maybe sooner or later, they'll be moving a lot again.

Right now, it's more with Bitcoin as that's reacting to the political matters in the US. Just pair your trades with BTC and I guess that you won't have to think a lot for what you should trade.

Trends like those are ephemeral, and if a person is not ready to take advantage of it immediately then chances are that they are too late already, so chasing the next hype is often a useless pursuit for the majority of the traders out there, which will do way better by going back to the basics, which is to use a solid strategy based on TA, and pick good assets that will do well in a consistent basis over assets that only do well during a short period of time.

[SamReomo]

I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

Choose Bitcoin and other top altcoins for trading and trust me those will work in each season. I know sometimes people make much money by investing in meme coins but it's not worth it if you're a good trader.

I suggest you to trade Bitcoin, Ethereum, BNB, LTC, SOL, TON, and a few more coins that have performed well in past and might perform good in future. If you want to trade meme coins then trade Doge as that's much better than those newer meme coins.

[EL MOHA]

Choose Bitcoin and other top altcoins for trading and trust me those will work in each season. I know sometimes people make much money by investing in meme coins but it's not worth it if you're a good trader.

I suggest you to trade Bitcoin, Ethereum, BNB, LTC, SOL, TON, and a few more coins that have performed well in past and might perform good in future. If you want to trade meme coins then trade Doge as that's much better than those newer meme coins.

I wouldn’t even refer to anything related to memecoins as investing rather will leave it as staking, because investing is actually those coins that you can hold for a very long term, yes there are memecoins that one can hodl for a long term but they are very risky in fact the best way to trade them is by not staying too long on them except one might have booked profits already. If you look at memecoins like Dogecoin, Pepe, Bonk and other top coins one can easily see how huge they have dumped over the year which signifies the risk in holding them.

Just as you pointed it is best to invest in bitcoin and risk on top Altcoins if you wish to through that lane. As for memecoins it is best to treat as the way we trade futures or derivatives because 95% of them rugs and that’s why the most risky trader is the degen trader

[Ndabagi01]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

If you think like this you are really not a trader and I don’t even know which category I’ll classify you in. Traders look for opportunities from any coin in the market, they don’t depend on one coin base on niche, preference, project team or any other thing, all they want is how to take advantage of that coin when going up or coming down to make the profit out of it. Every coin has its ups and down, for you make the best out of them is how you understand the movement of the market and how you strategize yourself to always be at the winning end of the market no matter the direction it take. Understanding fundamental and technical analysis of the market will help a lot.

[Dzwaafu11]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Professional traders don’t depend on one coin in the market. As a trader, all you need to know is how the market works or how the coin you want to trade on at that time moves in the market. But if you depend on a specific coin that you will be trading all the time, you are going to be at a loss all the time.

As a trader who really wants to make money out of trading, you need to study many coins and know how the market moves so that anytime you enter the market, you will know the steps to take and make your money, so don’t depend on a coin. I can see that you still want to learn because the way you ask the question suggests you still want to know more about trading in general, so go and learn before entering the market.

[GreatArkansas]

(....)
I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

I'm always going with high trading volume, like the 24H trading volume or weekly volume.
So, even if the market cap is high, sometimes trading volume is low or high.

It seems you are fan of the "category" of altcoins you want to trade where like memecoins or defi tokens, layer-2 tokens, etc.

[OcTradism]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

When you trade, trading volume, available liquidity are most important to consider. Because if you only can enter but can not exit or get big loss by price slippage as consequence of low trading volume, low liquidity, it's not your job to start trading at all.

After see good trading volume, liquidity, it's time for you to look at a more important factor, fundamentals of that project. With good fundamental projects, if you trade wrongly, you still won't lose all your money.

A most safest cryptocurrency for trading is not any token, but Bitcoin. Highest trading volume, longest survival time so far, no rug pull.

Tokens? They are very risky and I don't recommend people to focus on trading with tokens.

[JeffBrad12]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on.

fortunately coingecko and coinmarket cap has this list and it's always a good place to give me hint on what crypto should i trade at the time being.



just looking at market cap change and price change for the last 7 days enough to give me insight on what's the altcoin that has bigger chance to have higher volatility and also higher chance of pumping.
but I personally always prefer to ride the hypes, trying to find hidden gem before it's showing its real worth.

[milewilda]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on.

fortunately coingecko and coinmarket cap has this list and it's always a good place to give me hint on what crypto should i trade at the time being.



just looking at market cap change and price change for the last 7 days enough to give me insight on what's the altcoin that has bigger chance to have higher volatility and also higher chance of pumping.
but I personally always prefer to ride the hypes, trying to find hidden gem before it's showing its real worth.

If you would really be liking to stick into those old and established coins then you would really be putting up that focus into those top ranking coins or into those huge or big caps but if you would really be having some plans on trying out to get those huge returns or having those huge multipliers then your main choice or step you would really be making is to deal up with those gems or to those coins or projects that hasnt been pumped out yet. Yes, it would really be that possible or something that could really be attained but you should really be making yourself that having that kind of awareness about on the risks involved into it.
We do know that dealing up with new projects does have that high very chance on getting rugged or being a scam one. On the time or moment that you do hit up the right spot then it will really be giving out that
kind of chance that you would be able to make huge profits.

Also i do agree into the sentiment that i would really be rather be going with the hype rather than utility specially for short term. Example on this one is on dealing up with meme coins.
I do really love to hover myself into this place on which if you do really know on how to make that control and moderation then you could really be able to make money
but of course the risks is very high.

[SamReomo]

As for memecoins it is best to treat as the way we trade futures or derivatives because 95% of them rugs and that’s why the most risky trader is the degen trader

Sure, those meme coins that are created on daily basis are mostly created to rug pull money of the investors and I would never suggest anyone to even explore that area of crypto world.

Degen traders aren't traders but frauds or gamblers only because Degen coins are 100% useless and only the rugs and frauds can make money with those coins.

A good trader who's good at trading will avoid trading those useless meme coins at any cost unless he/she wants to gamble on those for fun.

[Bournesparks]

I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.

Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

Well as a trader I have a bit of everything in my pf

Defi>> ETH
Modular Blockchains>> avail and tia
Exchange tokens >> BGB(I'm not surprised that the token insights report mentioned Bgb as the top performing exchange token this quarter)
L1 & L2s
Memecoins

[Jegileman]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

This is totally out of context and I don’t see the reason why you’ll need the niche a coin belongs to before you can trade them. This is not related to trading and relating them will only limit your chances of getting more profitable trades or losses as the case maybe base on how good you are at trading. In trading, you don’t need to group coins base on the blockchain they belong to before you can really tell how far they can go or if they’re the perfect pair for you to trade. With your market analysis of the technical and fundamental aspect of the market, you can trade at anytime and with any coin and make a good profit from them. Just understand allow to read the market and know when to long or when to short.

[boyptc]

That makes sense if you're someone don't want to miss the trend. Everyone saw that trend in the SOL network where most of its airdrops and memecoins have pumped a lot.

I have no idea right now but it seems that it has stabilized a bit but maybe sooner or later, they'll be moving a lot again.

Right now, it's more with Bitcoin as that's reacting to the political matters in the US. Just pair your trades with BTC and I guess that you won't have to think a lot for what you should trade.

Trends like those are ephemeral, and if a person is not ready to take advantage of it immediately then chances are that they are too late already, so chasing the next hype is often a useless pursuit for the majority of the traders out there, which will do way better by going back to the basics, which is to use a solid strategy based on TA, and pick good assets that will do well in a consistent basis over assets that only do well during a short period of time.

It's like a lottery ticket to search for the next trend and hype. Some are lucky to be in it too early and that's why they're happily getting out from it.

But those that are in the midst of it and likely stuck in the midst of it, are the ones that are losing most.

So, trade what you think is right with the help of your own analysis but don't stick to one. As a trader, we should anticipate what's coming and as well as be prepared for some contingency.

[Yaunfitda]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

I'm not sure if we will have to go to this process of grouping tokens. For me, meme coins is all the same, you can trade this and take token, but at the end of the day, it's just for pure pump and dump in my opinion. It's the question on how anyone can tolerate that big risk? And it's really like you are gambling here in choosing which meme coins you are going to invest today and then after, the next day it will be very another set. I'm not in the meme coin investment though, so this is just my opinion. I do agree that bigger risk, bigger reward. However, it might be good though to invest on solid coins, at least you can sleep well at night knowing that your money is not going to zero.

[LogitechMouse]

Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.

You're saying that meme coins can be divided into different blockchains like BSC, ETH, Solana, and so on, and so forth? It doesn't work that way, but it's a completely opposite one.
Meme coin is a category of an altcoin, and these meme coins can be created on different blockchain like BSC, Ethereum, Cosmos, TON, Tron, Solana. Both have difference.

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

TBH, it's quite surprising that Solana-based meme coins are the most popular ones right now.
I'm not following the meme coin trend and it's hype hence, I don't that they're the most popular meme coins as of this moment. Anyway, for sure many investors are making money off of it and as many make money on it, many are also losing their money.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

Well, that might help but traders in general have different approach when it comes to trading different types of tokens. I'm not an expert in trading, but I can say that the most popular ones on each category are my go-to coins. I mean I always go with the most popular ones, and the ones with large market caps whenever I trade. I don't want to specify meme coins on this one since it's just one category.

[OcTradism]

You're saying that meme coins can be divided into different blockchains like BSC, ETH, Solana, and so on, and so forth? It doesn't work that way, but it's a completely opposite one.
Meme coin is a category of an altcoin, and these meme coins can be created on different blockchain like BSC, Ethereum, Cosmos, TON, Tron, Solana. Both have difference.

From a proof of work meme coin, Dogecoin, developers try to expand meme coins to smart contracts because it is more easily for them to create new smart contract coins. They don't need any support from miners to keep their projects going because there are parent blockchains like Ethereum, Binance Smart Chain, Cosmos, Ton, Tron, Solana do this task.

This gives scammers greater chances to boost their scam intensity to a higher level. This gives greed people more risky chances to take risk and lose money.

TBH, it's quite surprising that Solana-based meme coins are the most popular ones right now.
I'm not following the meme coin trend and it's hype hence, I don't that they're the most popular meme coins as of this moment. Anyway, for sure many investors are making money off of it and as many make money on it, many are also losing their money.

Even the recovery of Solana from bottom is big surprise that trigger the universal surprising of Solana ecosystem recent months and meme coin creators quickly parasite on Solana blockchain and this hype to get benefit from it.

[stomachgrowls]

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

I'm not sure if we will have to go to this process of grouping tokens. For me, meme coins is all the same, you can trade this and take token, but at the end of the day, it's just for pure pump and dump in my opinion. It's the question on how anyone can tolerate that big risk? And it's really like you are gambling here in choosing which meme coins you are going to invest today and then after, the next day it will be very another set. I'm not in the meme coin investment though, so this is just my opinion. I do agree that bigger risk, bigger reward. However, it might be good though to invest on solid coins, at least you can sleep well at night knowing that your money is not going to zero.

One of the main concern when dealing up with meme coins is on the time that you would be dealing up with it is that you should be wary about those pump and dump or simply with tons of rug projects.
It would really be that important that you should really know on what you are dealing with and you should really be that wary about on the potential risks that it do give out.
Although there will really be those people who do loves on dealing with memes considering on the potential profit that it could give out specially if its been that hyped out.

Choosing in between good utility coins or to those who are being hyped up just like meme coins then it would really be that entirely depends on you because
each trader or investor will really be having that different choice according into their preference because there are ones who do love fast pace profits and
there are ones who would really be liking on holding those good coins for long term.