Post
Topic
Board Altcoin Discussion
Re: is it still risky to Invest into Altcoin now?
by
AnonBitCoiner
on 17/05/2024, 15:40:24 UTC
But the top 10 altcoins cannot give you significant profits. As you said it will be difficult for coins in the top 10 to record increases of hundreds of percent. Only ETH, BNB and SOL have good profits. Other coins such as XRP and ADA do not provide profits. USDT and USDC are stable coins. DOGE and SHIB are meme coins. I excluded TON because the project only entered the top 10 in the last few months and not in the last year.

It does not possess any surety that top coins will give you profit instead of Ethereum, BNB and Solana because they have proved to be a successful coin in the past and also will have a successful future. Meme coins can give us huge profit suddenly but it can also drop our money suddenly without giving us time to sell them in order to reduce our loss.

Newly created coins have the ability to pump very quickly but nobody knows which new coin will be a better one so I think if someone wants huge profit then they have to choose new coins with their risk. Many people prefer new coins as compared to top 10 coins because their productivity is higher than that of top coins and people want to find a chance to increase the worth of their money instead of waiting for years for top coins.