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Is Squid2 coming back to correct past mistakes?
About Squid2
Squid2 coin has started to gain momentum in the cryptocurrency market, driven by its “Squid Game” inspired concept. According to the numbers, the coin is currently priced at $0.0000000009265 with a market cap of $389.13K and liquidity of $104.7K. The daily trading volume has exceeded $549.71K with a user base of 1.29K.
The data shows that there is a total circulating supply of 420 trillion coins.
Comparison between old and new version
In 2021, the original SQUID coin made a huge splash, skyrocketing in price in a short time, only to crash completely after a rug pull by developers. Many investors lost their money due to the lack of transparency and users’ inability to sell the coin.
The new version Squid2 now tries to provide a more professional model with obvious improvements:
1. Locked Liquidity: Even if 0% is currently locked, monitoring developer updates is essential.
2. Fair Market Value: The current value is less than the imaginary hugeness we saw in the old version.
3. Total Supply: At 420 trillion coins, the team shows reliance on the concept of deflation or burning to give future value.
4. Increased transparency: It has become easier to track smart contract details and developer performance on different platforms.
Tips for a safe exit and avoiding getting pulled out of the rug
It is important to handle new currencies with caution to ensure that you do not fall into the same trap as the old version. Here are the most important tips:
1. Monitor Liquidity: Monitor your locked liquidity ratio to ensure the safety of your investments.
2. Check the team: Make sure the team developing the currency is known and transparent.
3. Trading Volume: Liquidity and trading volume indicate the market's interest and confidence in the currency.
4. Beware of skyrocketing prices: When a currency rises very quickly, it may be a sign of internal liquidation pressures.
5. Have an exit plan: Set reasonable profit targets and exit as soon as you reach your target to avoid sudden losses.
And finally
Squid2 project is an opportunity fraught with both risks and rewards. History repeats itself, but the smart investor learns from the lessons of the past. Deep analysis and constant vigilance are the keys to success in exploiting emerging currency opportunities.
If your goal is to make a quick profit, have a solid plan in place to exit at the right time. If you see the project as a long-term opportunity, monitor developments and transparency from the team.
Always remember: in the cryptocurrency market, first in, first out!