Post
Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
Bttzed03
on 09/06/2021, 08:50:30 UTC
~ if its a real 100x token?
Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

They didn't say 100x but the dev did say 1b in 6 months was the plan. Is that considered high?
What's this $1 Billion? The token market cap? If so, that's not really different from saying 50X or 100X. Remember that to increase crypto market cap per CMC, it would involve the circulating supply and the price. I doubt they would increase supply which suggests that the plan was pumping the price. Again, that's a red flag. I would avoid a team that discusses price or market cap.