HOW TO KNOW A COIN PRICE WILL SOON RISE.

To spot a coin that will soon rise is the most common challenge will do face when we want to invest in crypto, because cryto has not grow to that capacity of fiat currency where you will notice rise and fall every secs and mins of the day.

Though, there are some coins that also experience their rise and fall every secs of the day but not many of them. Coin like bitcoin (BTC), ethereum (ETH), ethereum classic (ETC), dogecoin (doge), litecoin (LTC) e.t.c are such coins. You can check coinmarketcap for more coin, their market volume and price to USD.

In most cases, investing on other coin is compelling because of the tendencies they are showing. So we will want to considered them too for more profit. And that is why every other coin can not be neglected just like that.

There are so many factor that indicates which coin will rise or fall but base on my little experience since when I join the crypto-world, I only notice just two factors. I put them into practice and they are effective up to 90%.

1: The rate at which people are buying the said coin. The buying pressure tends to move the price of a coin up. From the simple law of demand and supply which said the high the demand, the high the price. And when the demand reduce, the price will also come down.

2: Increase in the market volume. When you noticed that the volume is increasing there is every tendency the price of that said can will soon soar high.

This is just my own observation since I started trading. Am not an expert and I will not pretend as one. This blog is just to put you through in a lay man language and that is why I have simplified everything to the last point I can think of. When you also get yourself into the trading, you may found yourself experienced more than people you meet on the lather. It on boiled down on everybody time and luck.