Post
Topic
Board Speculation (Altcoins)
Re: Many altcoins may not recover this fall.
by
lixer
on 14/09/2024, 19:42:49 UTC
new projects certainly have great potential for the initial introduction of the community with various innovations that will be issued. keep using research first if we really understand the project research from the concept and have big partners, it certainly has great long-term potential. especially where the bull season is happening to be a big altcoin strength
Not all new projects have great potential. Some of them might indeed have great potential for the future but one needs to do a lot of research before one can conclude because some projects will also show a lot of activities and developments at the initial stage to their communities to build trust but as time passes by, the project starts falling apart. I have seen such things happening in the past where even the team was very active in doing promotions and doing all sorts of developments, but in the end, they couldn't manage the project and it fell apart.

New projects are generally good for seasoned and experienced traders. They have enough knowledge and experience to evaluate and understand whether a project is good or not because they know what metrics they need to check for it. For newbies, I would recommend they stick with old projects and cryptocurrencies for the safety of their funds.