Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them?
I honestly don't believe in the consistency of these fan tokens as they could burst out one day and definitely lose their value. Investing in them is more risky than those existing coins in the market and you could easily lose your money if these tokens turned out to be scams in the end. So always be cautious on your decisions. Although you can try to invest but invest first with a small amount as you are still testing how secure they are.