Post
Topic
Board Altcoin Discussion
Re: How do you find out cons of altcoins?
by
husencoe
on 05/03/2024, 13:44:48 UTC
Investing in new coins is very risky for beginners. Many people suggest looking for a safe position to invest, on Bitcoin or Ethereum. But for me, making an investment in the top of 10 best coin list on Coinmarketcap is not too bad. Many new coins lose value a few monts after launch because developers only think about their wallets from the ICO. So you have to get to know the coin developers and see what potential they promise.

Does anyone know of reliable sources that can provide unbiased overview of limitations and potential problems that a coin and their devteam is facing?

There is no official and reliable source to analyze a new coin project. We have to make standards and analyze them by ourselves or ask on this forum. I usually check Icoholder and see if they are listed there. If they have a good reputation, I will give them one point. Then I will look at their website, about their plans and ideology, about opportunities, road map, technology and more. I will also check their social media to review their work progress and their update. Lonely social media means it has no potential.

You also can use Coinmarketcap to analyze a coin. There you can find information about how much daily volume trade, where their listing on exchange, the curve dan lainnya. May be this is from me, hope this will help you.