Hi guys, I came across this update on one of the WhatsApp channels I am subscribed to, and after reading it, I thought a really valuable information to share with other crypto enthusiasts and users like myself, this are really some good stuffs to have at the back of our minds as we navigate the web3 Ecosystem and try to make as much money from it as possible.
And Here they Are.. How to Stay Ahead in Web31.
*Stay Flexible:* Don’t stick to outdated ideas. Try to predict where the market is headed *before* it becomes obvious. Being ahead of the curve is where the real gains are.
2.
*Keep Yourself Informed:* Follow key sources like Binance Research and CryptoDiffer etc. They share critical insights that can help you stay ahead of trends.
3.
*Do Your Homework:* Before jumping on any token that’s suddenly pumping, always check two things—its unlock period and Fully Diluted Valuation (FDV). These can be the difference between a good investment and a bad one.
4.
*Invest Smartly:* A small $20 that grows 200x may seem like a win, but a larger investment can often yield better results with 2x. If you’ve done your research, consider increasing your investment and pull out your initial capital once you double it. This strategy is safer in the long run.
5.
*Know When to Walk Away:* If a token has already pumped before you got in, chances are it’s too late. Take quick profits or let it go entirely. Remember, the early buyers are waiting to cash out, and you don’t want to be left holding the bag.
6.
*Cut Out the Noise:* Streamline your social media. Unfollow anyone talking about irrelevant topics and focus only on accounts that provide valuable insights about the market. Also, organize your Telegram for easy access to important info and the apps you're mining.
7.
*Form Alliances:* You can’t win alone. Connect with others who are good at spotting airdrops or researching meme tokens. Build relationships with them it will help you succeed.
8.
*Keep an Eye on Airdrops:* They will always be profitable ones at the end especially the ones that has the support or backup of other big or known projects. Stay alert.
9.
*Memes Are the Next Big Thing:* Learn to identify rising meme tokens like SUNDOG before they blow up. Act fast and don’t procrastinate.
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*Stay Objective:* Don’t get emotionally attached to any token. The goal is to make money, so stay flexible and adapt to changes quickly.
*Take Action Now:* Staying ahead in Web3 means being proactive, informed, and flexible. Start building connections, organize your resources, and act fast when opportunities arise. Don’t wait for the perfect moment—create it!
I hope the above advice helps us all, specially the newbies in the industry, it is commonly said that "what ever is worth doing, is worth doing well", I hope we all learn to put the mentioned few points into practise, and I also believe it will give us causes or reasons to celebrate more wins.. Happy Sunday 😊
Reference -
https://whatsapp.com/channel/0029Va9y6g25K3zavq7mtp3U