Post
Topic
Board Altcoin Discussion
Re: How to check if an altcoin is a scam
by
cryptoWODL
on 26/02/2024, 06:36:43 UTC
These are all great tips but in the end a well disguised scam will get through all of these checks.  Always good to look deeper into some of these that you pointed out it can at least detect the lazier scams.  I'm more worried about the long game scams that are disguised as good functioning projects.  Those types usually bail with tons of money vs the lazy ones that don't even pass the initial sniff test.

Yes you're right altcoins needs a very deep research of the market and trends. It's more suitable to invest after some of the time has passed because then you get some information and graphs to get an eye on the ups and downs of the project

moreover you will get to know how the team of the project is performing and how much they are serious about their project because the use case of the project in future is very for its growth no project can survive without having some meaningful and technical aspects.
If you want to invest in alt coins, you should analyze its market trends in detail. Many of us have a tendency to invest in a new coin when we see it listed in the market.Before investing in these coins they should observe well how the project team is performing or working.

Among the most scammed alt coins are new coins that have recently been listed on the market.The owners of these projects earn enough money after the token is listed, but those who invest in these coins end up going broke.