Investing in new cryptocurrencies or tokens can be risky, as they often have less established track records and may not have undergone rigorous testing or scrutiny. Some potential risks associated with investing in new crypto coins/tokens include:
Lack of liquidity: New cryptocurrencies or tokens may not have a lot of liquidity, meaning that there may not be a lot of buyers or sellers in the market. This can make it difficult to buy or sell the asset at a fair price.
Volatility: New cryptocurrencies or tokens may be more volatile than established ones, as they are often subject to greater price fluctuations and market uncertainty.
Regulatory risks: New cryptocurrencies or tokens may be subject to regulatory scrutiny or changes, which could impact their value or legality.
Security risks: New cryptocurrencies or tokens may be more vulnerable to security risks, such as hacks or scams.