Keep an eye on this one / new bridges unlock BSC liquidity
the title says it all. Now with these new bridges into and out of Binance Smart Chain or BSC a bunch of liquidity gets to travel cross chain so it only stands to reason the primary DEX on BSC CAKESWAP (UNISWAP code but launched on BSC just like SUSHISWAP) on BSC should see some action...
I would also keep an eye on SNX INJ and any and all Synthetics type projects that help everyone swap for cheeeeeep. My currant go to is ZKSync ERA BRIDGES but there is no wrong way to go D33p W00dz crypto exploring. just get out there and get comfortable with these new types of projects specifically bridges. This is how u get to early projects not yet listed on major exchanges. once they get listed games up so to speak and most of the big gains are done, at least with 90% plus ALT Coin projects. (Most only get one hype cycle)
Another way to hunt for ALTs is keep an eye on NEW or Exciting blockchain Developments/ like how a project on Polkadot just went bananas due to the DOT hype it self. A LOT easier to move a 900 ranked market cap coin then a top 10 or even top 100 market cap ranked project/coin.
The last bit of advice that at least worked for me was
>1. dont spread into to many ALT positions especially on multiple DEXs/Exchanges. You need to move quick sometimes 5 10 mins is all you get so good luck moving that many positions with the gun to your head as the market turns REDRUMMMMM.
>and 2. DONT B SKEEEERD TO take PROFITS. When I was new i would always get stuck dreaming of lambos and rainbows & best case not take profits per say but lock it up in some long term DeFi pool or project. NOW If I get a 15 to 30% pump I am almost always, like 99% of the time, take some serious profits. We would need a true FoMo situation for me to sit on my hands like during the OG DOGE pump....
Hope we get a small, healthy market pullback (whatever that is anymore), so we can reload on some ETH BTC & of course an ALT or 2 or 3... happy hunting all and good luck as we enter 2024
I would also keep an eye on SNX INJ and any and all Synthetics type projects that help everyone swap for cheeeeeep. My currant go to is ZKSync ERA BRIDGES but there is no wrong way to go D33p W00dz crypto exploring. just get out there and get comfortable with these new types of projects specifically bridges. This is how u get to early projects not yet listed on major exchanges. once they get listed games up so to speak and most of the big gains are done, at least with 90% plus ALT Coin projects. (Most only get one hype cycle)
Another way to hunt for ALTs is keep an eye on NEW or Exciting blockchain Developments/ like how a project on Polkadot just went bananas due to the DOT hype it self. A LOT easier to move a 900 ranked market cap coin then a top 10 or even top 100 market cap ranked project/coin.
The last bit of advice that at least worked for me was
>1. dont spread into to many ALT positions especially on multiple DEXs/Exchanges. You need to move quick sometimes 5 10 mins is all you get so good luck moving that many positions with the gun to your head as the market turns REDRUMMMMM.
>and 2. DONT B SKEEEERD TO take PROFITS. When I was new i would always get stuck dreaming of lambos and rainbows & best case not take profits per say but lock it up in some long term DeFi pool or project. NOW If I get a 15 to 30% pump I am almost always, like 99% of the time, take some serious profits. We would need a true FoMo situation for me to sit on my hands like during the OG DOGE pump....
Hope we get a small, healthy market pullback (whatever that is anymore), so we can reload on some ETH BTC & of course an ALT or 2 or 3... happy hunting all and good luck as we enter 2024
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