Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: loll_l on January 03, 2022, 03:12:33 PM
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Looking at the “Top Gainers” list on CoinMarketCap it’s not uncommon to see coins at the top of the list that have gone up 3000% in the last 24hrs. These obviously seem too good to be true and, after doing some digging around, I discovered something called “rebase tokens” where, if you invest, you lose coins each time the price goes up – which effectively results in no profit! This leads me onto a few questions:
- When you see a massive 3000% price hike in 24hrs is this always a rebase token? Or do some non-rebase tokens go up this kind of amount in 24hrs?
- Can you actually make a profit through rebase tokens? As it seems, from how it’s been explained to me, that you can only ever draw even!
- Is there a “Top Gainers” list I can access anywhere that doesn’t show rebase tokens? Because, from what I can tell, rebase tokens render the top gainers list meaningless!