$FLOKI At the moment people both here in Square and on Binance are confused by the huge number of coins. Many are fake, self-created coins, scammers who are trying to distract and rip people off with the bull run, with current events, populism. It is very important to look at the fundamental side of the coins. Do they have a burning mechanism? So that the value can increase. How large is the number of coins available on the market? Are there so many that it makes no sense to buy any at all? Do they have utilities, some kind of valuable object that exists in reality? Like a game, trading platform, partnership with companies. That should be the basics in today's crypto scene. If coins don't have that, they are in demand during the bull run and you see 1000% growth, but after the bull run they are gone just as quickly. At the moment I see an extremely large number of coins in the category like all the Trump coins and the latest meme coins. It would be advisable to turn to established coins because only they have a future, a foundation and offer long-term profit.
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