Crypto market plummeting, cause?.
1. The overall market is struggling: More than 80% of new coins listed on Binance in the past six months have dropped in price since they were listed.
2. High valuation at listing: New coins on Binance typically have fully diluted valuations averaging over $4.2 billion with no real user base, limiting their upside potential.
3. Lack of quality early investment opportunities for retail investors: Many new coins function as "escape cash flows" for insiders, taking advantage of the lack of retail investor access.
These factors reflect a challenging market environment and should be carefully considered by investors looking for new cryptocurrencies to invest in.
Here are tips for investing in cryptocurrency:
1. Only invest what you are willing to lose.
2. Apply DCA method to minimize risks.
3. Research thoroughly before investing.
4. Focus on major coins like #bitcoin and #ethereum .
5. Secure assets with hardware wallet or cold wallet.
6. Comply with laws and regulations related to cryptocurrency.
Please consider carefully and consult experts before investing.
