The cryptocurrency market is being flood with plenty of altcoin of which not all the altcoins are worth buying , so many of the altcoins will end up becoming pump and dump or end up being abandoned by the team behind it.
There was a time when something good could be expected from altcoins. But now it has become like this that nothing good can be expected from these altcoins. However, those who can do good analysis about active and conscious altcoins can earn profits. No matter how many altcoins come in the market, if your thinking or reaction to analysis is very good, then you must take an entry with understanding and you will not be harmed and you will be able to earn profits.
I recently observed a memecoin that suddenly crashed after launching and this does not even take up to 3 hours of the launch.
This is to show that investment in the altcoins market is very risky and anyone that is planning to do so need to take a strict measures so they don't lose their funds to the wrong project. This is to show that investment in the altcoins market is very risky and anyone that is planning to do so need to take a strict measures so they don't lose their funds to the wrong project.
There are so many money mongers that are looking for ways to steal by
certaincreating false projects and later crash it so they can make free money while investors are left in agony. Bad and wicked project teams are everywhere and we should endeavor not to invest in new crypto projects unless otherwise.