Beware of the “little trash”: $PENGU and $VANA in the sights of investors

In the last few days, Binance has launched two new cryptocurrencies: Pengu and Vana. Because they are recent, they are attracting a lot of attention, but it is important to be careful, especially for those who do not yet understand the cryptocurrency market.

What you need to know:

Pengu and Vana are new cryptocurrencies, which means they can have a quick appreciation in value at first, but also a sharp drop in a short time. This movement is known as pump and dump.

Despite all the hype, new cryptocurrencies do not have solid fundamentals in the market. This means that many investors buy them just for speculation, but end up “trapped” when the price plummets.

Why do so many people lose money?

1. Lack of education: Many people enter just for the thrill, without understanding what they are buying.

2. Artificial appreciation: When the price rises too quickly, the first investors sell (realize the profit) and the last ones end up buying at a high price and losing money.

3. Untested projects: Pengu and Vana still have no proven track record or usefulness in the market.

Focus on what really matters

It is important to differentiate solid projects from “trash” projects that emerge to take advantage of the moment. If you are looking for security and profit in the long term, choose consolidated cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) and others with real fundamentals.

Summary: Pengu and Vana may seem like opportunities, but they are extremely risky. Invest wisely, study before entering and avoid losing money on dubious projects. The cryptocurrency market rewards those who have patience and knowledge!