Are new altcoins being too risky? Current market trend
Are new altcoins being too risky? Current market trend
I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it’s absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery. It’s clear that you go with top altcoins (even this involves risk like fate of LUNA, FTX, etc) though there are slight risk of losing but probability of losing everything is even more in other altcoins whose prices are dipped within few seconds after their launch. It’s better to invest in established coins rather than newbies.
Please share your opinion.
Not something new or not really that a shocking situation yet this had been always the case of been the standard here on crypto space on which if there’s one who would be able to get that popularity or demand,
there are also those projects or coins that would eventually die out because of certain on conditions or situations on which there’s no way that we could be able to tell on what would really be the thing that will happen yet it could really happen on an instant or sudden on which those people who do make out some investment would neither leaved out on the peak or would totally bag holding some shit coins if they would be
able to hit up the rock bottom and never intend to make out some recovery after that. This what makes the market too unpredictable due to this kind of probabilities.
If you do like on having that less risky dealing then top altcoins or Layer 1 coins would be the best choice but of course dont bare or put up into your mind that this is risk-free because
there’s no such thing about assurance if we do speak about crypto investment.