Post
Topic
Board Speculation (Altcoins)
Re: Low cap altcoins best for rising price?
by
irsykes
on 11/02/2024, 19:47:29 UTC
Are you collecting low cap altcoins for the bull market? It sounds like you think low cap altcoins can easily make 100x profits. I don't think so and even if the supply of a good quality project is high then you will get good profit there. Many new investors tend to follow supply more. You should know that there are many low cap altcoins that can't even sail the market in bull seas.
Lol that is the old way of believing because Low caps are even used as strategy of scam projects nowadays not like in the past that they are copying what Bitcoin chain is and has a limited supply.
but in our time now it is stupid to just believe in them not knowing that you will end up being scammed by them so better look at the project deeply.
low cap never guarantee a massive increase it could instead indicate that the coin is failing, after all if its a good and successful coin why having low cap in the first place.
for most of new projects right now that are heavily backed by venture capitals, they always have starting point at bigger market cap than the other coin, they always start with hundred of millions of dollars as their initial market cap and climbing up and usually these coins are the ones that keep increasing probably because thef act that they are backed by venture capital only means that these coin are having good impression on people.
unlike new altcoin that was created from scratch by individual devs without the help of any big company or venture capital it probably just gonna get released and fail at the first seconds.
prefer coins that already have a good rank. like a rank above 100 coinmarketcap maybe there is good hope when the next bull season arrives. It is true that the coin project below has not yet determined whether there will be great potential. If the team is no longer active in the media, it could be said that the project is dead.