What are bad altcoins?
Let's figure out what junk altcoins are and why they should be treated with caution. 💩 In the crypto world, there are coins that instantly lose their value after release due to constant inflation. A striking example is Dogecoin. 🐕🦺
Why is inflation bad?
If an altcoin has billions of coins in circulation, but in reality there are only a few hundred million in circulation, consider that 70-80% of the coins have not yet entered the market. This means that at any moment new coins can come out and begin to devalue the price. Examples of such coins: ARB, ALT, ARKM, JUP, IO, DYM, PORTAL, MANTA, BB, OP, SEI, SUI... The list goes on. 🚀💸
And what about good altcoins?
😎 Good altcoins are either deflationary coins or those that are already fully in circulation. Deflationary coins like BNB, CAKE, FLOKI and SHIB decrease in number with each cycle, which makes them more valuable. 💎
Coins in full circulation like ORDI, SATS, PEPE, BOME, PEOPLE, NOT, WIF, TRX are all already issued and are not subject to inflation.👍
Here is a simple scale:
1. Deflation currency
2. Full circulation currency
3. Reserve currency
4. Inflation currency
The scale will be deciphered tomorrow in Telegram, first profile post