Bitcoinβs "death cross" is often seen as a bearish signal, but it doesnβt always lead to major drops. It's important to combine it with volume, macroeconomic conditions, and other indicators.
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Only use wallets you control, keep them separate, and avoid suspicious tools. Be mindful of project rules to avoid disqualification for βsybil attacks.β Security and compliance are key.
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To evaluate competition, start by identifying other projects in the same niche or addressing similar problems. Compare the unique value propositionsβdoes the project offer something better or different, like improved scalability, security, or user experience? Analyze the market positioning by looking at the project's market share, partnerships, and community sentiment. A strong market position often reflects higher adoption and growth potential. Additionally, assess the team's strategy for gaining market shareβdo they have plans for mass adoption, strategic partnerships, or innovative marketing tactics that can give them a competitive edge?
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