Post
Topic
Board Beginners & Help
Re: An advice for Crypto Investing
by
Lucius
on 26/05/2022, 09:52:05 UTC
I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage.

You've noticed this well, because most people don't even know why a coin/token is in a certain position - and they probably assume that it has something to do with how good a certain project is. Market cap manipulation is something most altcoins use, and the coin you mentioned has just under an incredible 50 billion coins in circulation.

Another good tip would be not to invest in anything that has a max supply measured in hundreds of millions or billions of coins, especially if a certain percentage is pre-mined and held by the owner who will dump it the first time he pump the price.