I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?
Does anyone really just buy a coin because it's listed on coinmarketcap? That seems a little lazy, and at the very least a little too trusting thinking they would completely vet a project good enough for people to blindly put their money into it. Use it as a tool but not a determination of what to buy and not buy and then it doesn't matter what they do. They are a for profit website they aren't looking out for people's wallets.
Perhaps, a lot of shitcoin is listed on the CMC and it stuck there for many years.
As an investor, it was our part to look for potential coins to buy, not just because it was listed on the CMC and it was enough, it should also run into further research just to make sure that we are investing the right coins which have the ROI potentials. If we fail to do this, it was not the fault of the CMC who does the listing but it was us who neglect to do research.
We do really have lots and most of them are dead and just simply those shit projects that had been created by those scammy devs just to hope that there's someone would really be buying it.
This is why we should really be that careful on choosing specially to those people who do really love on dealing with low caps or something new.
This is why DYOR is really that crucial when it comes to crypto investment because if you arent that mindful about making up some in depth research then it would really
be putting you into a situation where you would definitely know on what you should gonna do.