Post
Topic
Board Altcoin Discussion
Re: Is it good to invest on cheap promising coins?
by
Shallow
on 27/09/2021, 22:23:16 UTC
According to your post, it is being mined since 2017 and from coinmarketcap, it has been trading with an appreciable trading volume, thus can be classified as low cap coin in my own opinion. However, I would say, before going forward to invest, make sure you understand what you are getting into as this space is unpredictable, although it's good you are considering long term but also make sure you are doing so with funds you can afford.
Another point is, what is the assurance it will grow, when there are top privacy coins already which will overshadow it. Therefore, if you still want to invest after your due diligence, then go ahead but use your spare funds, and also wait for a good entry price.