Social media analysis on platforms like Twitter or Reddit can reveal market sentiment. High engagement, trending hashtags, or sudden mood shifts often precede major price movements.
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Crypto’s 24/7 trading, low liquidity, and speculative nature fuel wild swings. Use tools like Bollinger Bands, volatility indexes, and news monitoring to spot potential spikes early. Stay alert during major events.
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To assess the competitive landscape, start by identifying similar projects in the same niche or market. Research their market share, adoption rates, and user engagement. Compare the project’s unique features or innovations against competitors—does it offer something better or different? Additionally, consider the team’s strategy for capturing market share and their approach to scalability. Monitoring how competitors are evolving, their partnerships, and any regulatory challenges they face can also give insight into how well the project might perform in comparison. This analysis helps identify if the project has a sustainable competitive edge.
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