Well now a days i observe the crypto market and now the trending topics is bot the projects like unibot , banana bot , unichat and many more giving huge profits to the early birds now i heard an upcoming project name Bubble bot and the website is Bubblebot.finance has a great potential and also spot trading, Hedge/risk on pegged asset, multistaking , future trading with limit orders and much more is offering on his telegram and discord bots and the team looks really competitive but my question is new projects are quite risky but also gives the huge profit so i want opinion from experts
Analyze what’s the market for this type of project and evaluate if the saturation of projects will make this projects less valuable in the future. We are talking about bot here on social media chat app such as telegram and discord which is existing before this project without any tokens. How come this kind of project will be valuable on the future while their market is limited.
If you saw saturation in the market is an indication that you should avoid it since most of the project on that sector is purely just the scammers devs that keep jumping on every trending project just to get free money form gullible investors like you.