How to properly invest in new coins?

The days of ICOs are long gone, but new crypto projects have not stopped appearing. Today, according toCoinMarketCap service, there are more than 8,000 thousand cryptocurrencies and tokens. And this does not take into account those that analytical services do not add to the list or exclude from it.

The choice is really extensive, but remembering the same ICO, we understand that most of these coins are scams. How to choose a truly promising crypto project from a great variety?

You should pay attention to the following factors:

1. Community. Who, if not the audience of the project, cansupport its new development vectors? This also applies to new coins: if the project has a large and active community, then they will happily purchase the new token and will not get rid of it, and this contributes to long-term growth.
2. Product. The coin must have a practical use.If there is none, then it means it was created to make money on price movements. As a rule, such coins do not last long; at some point, their creators bring down the price by selling a large batch of the asset. And if the coin has practical applications, then it will be in constant demand, which will guarantee a constant increase in price.
3. How the price of the coin showed itself at the start of the project and the next few months. It was said above that if a coin is created withthe goal of making money on price movements, then soon it will be devalued. But if the coin showed a good growth rate at the start, but more importantly, managed to maintain its position, then this indicates one thing - the project developers and the first investors are not going to dump it.
4. Perspectives. In addition to practical application, you need to lookto where the coin is already traded. If the project is new, then its token can be traded on a limited number of platforms. Thus, with each new listing, the price of the coin will react positively as the trading volume will increase. However, if the project has a history and is traded on many cryptocurrency platforms, then most likely sudden growth is not expected, because the potential has already been used up.

Very soon, the GR token will be listed on the Bitcoin.com cryptocurrency exchange. To understand if this is a worthy investment option, let's consider a token based on the above factors:

1. Community... Token creator - Pavel Gromov, ownerseveral telegram channels that are dedicated to cryptocurrencies and traditional finance: "Crypt Chief", "Altsezon", "Margin", "Gromov Says". The total audience of the channels exceeds 100,000 people. In addition, a year ago, a service for providing trading signals Profit Chief was launched, within which the GR token was implemented.
2. Product... With the GR token, Profit Chief service clients can purchase:
   — Subscription to trading signals.
   — Insurance against Bitcoin depreciation.
   — Investment notes.
3. How the price of the coin showed itself at the start of the project and the next few months. The GR token was released in October 2020 andcost $0.01. As of February 25, 2021, the price of GR is $2.64 and, according to the analytical service CoinMarketCap, it has quite normal volatility, that is, there was no sharp decline in price.
4. Perspectives. Since its inception, the GR token has only been tradedon the decentralized platform Uniswap. On March 10, 2021, its first listing will take place on the centralized crypto exchange - Bitcoin.com. The project management states that by the end of the year it is planned to enter several more large exchanges. The GR token is just at the beginning of its journey, and its addition to major exchanges will contribute to further growth.

But that is not all! On March 10-11, 2021, the Bitcoin.com exchange will host an AirDrop of the GRB stablecoin, which will be used in the new “Private Exchange” service of the Profit Chief service.

To participate in AirDrop, you mustregister on the Bitcoin.com exchange and have GR tokens on your balance. The more GR tokens on the balance, the more GRB stablecoins will be credited. The project has big plans for 2021 - all relevant information on the upcoming AirDrop can be read here.

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