Hello,
There are many new coins and tokens being created every day. Do you know of a cheap coin or token with a bright future? What do you think about the future of Dero or XLM?
Thank you.
Many of the new projects that are coming into the crypto industry nowadays are not really worth investing in. I have invested in so many of them, but they seem to be scam projects, as they are all pump and dump schemes entering the crypto space.If you want to invest in tokens, especially new projects, you have to be really careful. In fact, it is not really advisable to invest in new projects right now, considering the way things are going.
Don't be too attracted to profit stories or money discussions on social media. It is not easy to make real profit from new projects. Many of the people you see on social media claiming they are making profit from new projects often get signals about when a project will pump and when it will dump.So, what I would advise is to focus on coins that have already gained a good reputation in the crypto market. It's better to make small profits little by little than to aim for high profits and end up losing everything you invested.