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Prospect of new crypto currency tokens and coins.

  • Thread starter Thread starter Kayzzy3
  • Start date Start date
If the company launching the new crypto currency has a good system in place definitely the crypto currency doesn't have any problem in terms of growth. BuT when the coin doesn't pass all the required steps for it to be a coin definitely you know their will be problem in the long run
 
The market condition for bitcoin actually determines the market for other crypto currencies. when bitcoin rises, other coins will also rise and when bitcoin fall other coins will also fall.
 
Definitely some new coins with potential just like ethereum, and bitcoin are been natured to bring fresh opportunity to those that miss out on this two coin.
Kayzzy3 said:
Am pretty new to the crypto currency world and must confess that I find my experience very interesting, revealing and I expect it to be rewarding.
My personal worries though, include the prospect of the newly introduced tokens and coins, I have thousands and even millions of units of some token that are either worth hundreds of fractions or a cent or nothing in some cases and I wake up every morning wishing these token have appreciated in value so I can make some gains from them.
Some crypto currencies like Ethereum and Bitcoin are really doing well and wish others will too. Whether the Future holds something good for these new tokens or not is left to be seen in the future. But I believe with more users and holders of these new currencies, they will appreciate in value and put smile on the faces of much more people.
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There are a lot of shitcoins that will never amount to anything. No solid project, the team members are scammers, and no clear agenda and use case. Such coins can be rug-pulled at any time leaving the holders with a truck load of the worthless coins.
 
As good as it is to invest in new cryptocurency that are just coming out due to the low value in its trading market,it is very instructive to do due diligence to know those behind it,the potential of the coin,the caipalisation level,to avoid getting into a project that would collapes in a few years time.
 
Lyrrex said:
I believe one of the factors affecting the price of new coins is lack of public awareness. The founders behind the new coins lack enough funds to market it and also provide enough liquidity.
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You have some point here, most of these new coins coming out, many people are not even aware of them. I was quit surprise when I saw some coins being listed that I have never heard of before
 
Kayzzy3 said:
Am pretty new to the crypto currency world and must confess that I find my experience very interesting, revealing and I expect it to be rewarding.
My personal worries though, include the prospect of the newly introduced tokens and coins, I have thousands and even millions of units of some token that are either worth hundreds of fractions or a cent or nothing in some cases and I wake up every morning wishing these token have appreciated in value so I can make some gains from them.
Some crypto currencies like Ethereum and Bitcoin are really doing well and wish others will too. Whether the Future holds something good for these new tokens or not is left to be seen in the future. But I believe with more users and holders of these new currencies, they will appreciate in value and put smile on the faces of much more people.
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That's is why crypto currency is meant for every body. But rich, averagely rich, and above poor level. Except the extremely poor ones who can't afford to feed themselves... Its just for an individual to invest in a potential coin that will make wave in nearest future.
 
I read somewhere that there are over 4000 coins and tokens. I believe the market is already saturated with crypto coins and tokens. I don't see new coins ever making too far
 
Kayzzy3 said:
But it is important to be careful how and where one invest money especially in crypto, many people have lost money investing in failed projects, moreover so people introduces new cryptos, ask subscribers to exchange with know coins and when they have made much gain, they dump the project leaving subscribers at the loosing end, my advise is, do a due diligence check before ever investing.
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that is the problem of most people that are new to crypto currency. They never ask those that have been investing with it for long. After they invest they will now be in lost. Making them say that crypto currency is risky
 
Not all cryptocurrency will be able to do well perfectly, the reason is because there are some cryptocurrency projects are not really trusted, when investing in in any cryptocurrency it is always a wise decisions to do a research on it.. in fact I do not really trust new projects until they are able to exist for a reasonable period of time.
 
This is the reason why one has to carry out proper research before thinking of investing in any cryptocurrency especially the altcoins and NFTs that are floating around today.
Any coin that doesn't have utility should be really checked before investment is made.
 
If you are new to the world of crytocurrency, you have to learn how it works and operates. Crytocurrency volatility sometimes aren't considered by those newbies, forgetting the weak side of crytocurrency trading.
 
The new crypto coins actually have good potential and prospects for succeeding just like the bitcoin, ethereum and others. Its only a matter of time, the would gain value and become more popular with lots of investors. Crypto currency would be the new global digital currency, so there is room for their value to appreciate.
 
We should be mindful of these new cryptocurrencies because most times they do disappoint. I remembered investing in wakanda Inu last year and it was a risk I took because bit was just a shit coin but I was lucky to have earned from it though.
 
The future is still ahead of us and we can't accurately predict which coin would do better in the nearest future. But be patient with the process it will some really good time so that it would gain the kind of value you wish it has.
 
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