Investing in new altcoins can be risky due to their high volatility. Exchanges often list these coins for profit, and they can pump dramatically within seconds of listing. However, these pumps are often followed by dumps, where the team sells their shares and leaves, causing significant losses for investors. While there’s potential for high returns, the risks are equally high. It’s crucial to be cautious and conduct thorough research before investing in such coins. Remember, in the crypto world, high rewards often come with high risks.

You can avoid pump-and-dump schemes by these strategies:

1. Conduct thorough research about the coin, its team, and its project before investing.
2. Be skeptical of coins that have sudden, unexplained spikes in price.
3. Diversify your portfolio to spread risk.
4. Don’t let the Fear Of Missing Out (FOMO) drive your investment decisions.
5. Stick to well-known, reputable exchanges.
6. Focus on long-term investments rather than short-term gains. Remember, if it seems too good to be true, it probably is. Always invest wisely.