Consider coins like Tron (TRX) and Ripple (XRP). TRX is now 90 times the ICO price and many investors, especially noobs are attracted at the peak of the coin price. In this post I will try to shed more light on how to identify undervalued coins and buy at the best price with highest swing trade profits.
Let's consider this:
1. Most of the coins are listed on exchanges a month upto 3 months after ICOs
2. There is no interest in the coin in the first days of listing
3. Coins under $0.01 ICO price have the highest ROI of up to 50 times
4. First day price drops by 30 to 70% in the first days
NB: Many coins on Binance and Kucoin are not pump and dump, they all appreciate beyond 10 cents or more
How to identify potential coins
1. Use coinschedule.com, icodrops.com, and icobench.com to find just ended ICOs
2. Check for coins under 10 cents
3. Make sure the ICO target is at least 72% achieved. Low achievement might imply the implementations will never be achieved since there are no adequate funds to do that
4. Check the ratings of the ICO
5. Follow the coins on social media like Reddit, Twitter, medium and bitcointalk.com
When coins are listed target a price that is four times to eight times the ICO prices
This blog will have a page for coins to watch after ICOs have just ended
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