Let's talk about what junk altcoins are and why you should be careful with them. 💩 In the crypto world, there are coins that, as soon as they are issued, immediately begin to depreciate due to constant inflation. Classic example? Dogecoin, of course. 🐕🦺
Why is inflation bad?
If the issue volume is a billion or even 10 billion coins, but there are only a couple hundred million of them in circulation, then consider that 70-80% of these coins have not yet entered the market. This means that at any moment these coins could be released and begin to dilute the price. Examples of such coins: ARB, ALT, ARKM, JUP, IO, DYM, PORTAL, MANTA, BB, OP, SEI, SUI... The list goes on. 🚀💸
What about good altcoins?
Now for the fun stuff! 😎 Good altcoins are either deflationary coins or fully circulating coins. Deflationary coins, such as BNB, CAKE, FLOKI and SHIB, decrease their supply each time, making them more valuable. 💎
Full circulation coins such as ORDI, SATS, PEPE, BOME, PEOPLE, NOT, WIF, TRX are all already issued and are not subject to inflation. Also a good option! 👍
How to evaluate altcoins?
Here's a simple rating scale:
- Deflation currency > Full circulation currency > Reserve currency > Inflation currency
Forget about being correct, this is crypto, baby! 💰🚀
$BNB $FLOKI $CAKE
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This information will help you better understand the world of altcoins and make more informed decisions. Remember that I study all these aspects and share my findings so that you can benefit too. If you want to be on top of the game, follow what I have to say!
