How to spot risky cryptocurrencies before you fall into the trap?
Below are examples of cryptocurrencies that are not suitable for investment.
1. Pump and Dump Coins:
BitConnect (BCC): Overhyped until it completely collapsed.
Squid Game Token (SQUID): A coin that exploited the name of a famous TV series and ended up as a major scam.
2. Low Market Cap Currencies:
SafeMoon: Despite its popularity for a while, it lacks liquidity and project sustainability.
Moon Token (MOON): A small coin that suffered major collapses.
3. No Utility Currencies:
Dogelon Mars (ELON): A meme-inspired coin with no clear purpose.
PooCoin: A coin focused on comedy without providing any real value in the market.
Advice: Research deeply before investing and avoid coins that rely on hype more than real value!