Are new altcoins being too risky? Current market trend

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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.

Kasun Premathilake Answered question July 10, 2024
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We all know and even as that as an active user who is always following updates from most of the top altcoin should be able to know whenever a coin is about to go sideways, and following trends is even the most difficult issues as those project might be featured trend. That is to say most of them are paid advert project to be very popular on social media which would likely attract much investors. Whenever such projects fails it keeps all newbies investors at a very high risk especially those who don’t follow their channels properly to know the latest update awaits the projects they invested into. That is why, is best advisable to invest in Bitcoin or to a top known altcoin just as you mentioned earlier; any new project launching now are basically of deception to lure investor into investing in their project in order for them to prepare for the next bull run.

Kasun Premathilake Answered question July 10, 2024
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