Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
The risk is always there mate when we talk new token, most of the time if we engage in new alts its always been a gumble in your investment. But its a big help doing some basic thing to make a little bit sure in your, and that is reviewing in there project. Do some review on there white paper, the team, and the trend on it. About trend obviously NFT is the trend of now, maybe we should invest on that to make it sure even a little atleast theres a chance.
Yes, indeed. Every investment always involve risk much more on a newly launch project. But the more risk the more profitable for us if successful, there are more people having more profit on investing for ICO/IEO unlike investing on an existing coin that already in the market.
a little bit risky but need a bigger capital for us to gain more profit.