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by COINS NEWS 266 Views

Not financial advice.

As BTC recovers to its ATH I see a lot of new people coming in again, asking what is the next token/coin to explode.

Most of the suggestions are protocols that are already on centralised exchanges, these are not going to be your 100x tokens, because they've already had the exposure needed to get listed on centralised exchanges. Of course there is every chance they can still do 2-5x, and that is good enough also but anyone's guess is as good as nipples on a bull.

What you need to do is to look at which layer 1 protocols are pumping and buy into the protocols in their ecosystem. Figure out how to use Metamask so you can connect to Dexes and allow yourself to buy these tokens (after doing some DD, always buy good projects) before they're listed on centralised exchanges i.e binance, Coinbase, FTX etc.

You'll also be surprised to see the far better 'interest rates' staking on the Dexs compared to Cexs.

Moral of the story, if someone is telling you to buy something on here then it's probably too late. DYDR and you'll have a much better chance of finding that 100x token.

submitted by /u/techsupport261
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