There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.
But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.
So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining
That's the game, mate!
Shitcoins are here to make money for their owner and not for their users. 99% of the shitcoins die an untimely death when the coin owner sells off their holdings and goes away with millions of dollars living a life of luxury. While common investors loose money investing in those shitcoins. The ponzi scammers are now very active in this field and they have shifted rom HYIP businesses to the shitcoin business.
I don't understand why people still invest in such coins when you have Bitcoin, ETH etc. Why don't people recognize the actual opportunities of making money!