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Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: Today at 11:43:46 AM »Indeed, experience is needed in making good analyzes in estimating which new projects have potential and which do not. And new projects also invite quite high risks if we cannot make a good analysis. Especially if we cannot see strong fundamentals in the project we are analyzing. So avoiding it would be better. But if it's a meme coin project then we just need to see how strong the community they build is. And we just have to be good at following trends or hype. But I'm not good at seeing the potential in meme altcoins. So I mostly avoid it sometimes.New meme coins project difficult to see for long term and most of them get an hype awhile only, I think important when investing in new coins between meme or not how strong the community and how much coins supply on the developer hand or investors hand. Usually meme coins just getting an hype awhile only and most of trader will sell after listing on the market without waiting for one or two months later with potential get dropping to lower price.
Yesterday, Notcoin success listing on binance and just existing awhile on the higher price before getting down until right now and I think all new project will get the same problem after listing and price correction potential.