In the case of investments in coins, it is very important to know the situation in the market, to understand why some coins are stable, while others rise or fall.
Often, the value of coins is influenced by the statements of famous people. For example, the meme coin Dogecoin skyrocketed in 2020 when Elon Musk mentioned it on his Twitter several times. But it is important to distinguish between statements that can really affect the value of coins and just informational noise or loud statements of the owners of large crypto exchanges.
There is the concept of a “hype market”: you heard about a coin and want to buy it. But so do other people. Usually, the chance to make money is much higher if you bought a coin before the hype started or when its price was falling.
It is always worth focusing on open data: coin rating, available volume, and total capitalization. It is believed that the higher these indicators are, the more reliable the coin is.
Read crypto market news and Bemnex educational materials, and over time you will begin to understand this field yourself, intuitively understand what is popular now and where you can make money!