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In the blockchain world, there are many attractive coins; some of them are new, and many are old. Some coins are popular, and some are dying concepts that no one wants to welcome again. Buying a coin without learning about its real value is like wasting money. It’s good to enter the crypto world to make money, but it is essential not to buy coins that are not profitable.
High market value
Do not buy high-value coins like Dogecoin or Shiba coin because these coins’ value is not as good as Bitcoin and ETH, and many times these coins are overvalued and overhyped. During the small and large waves, these coins do not generate good value for investors.
Outdated
In the crypto world, there are many types of projects like DeFi, DAOs, gaming, memes, and NFTs. If the people do not show enthusiasm for those concepts, then why do you still believe these coins give you good returns? If people forget these concepts, you also forget these concepts.
High market value and low circulation
Always avoid those coins that have less circulation because anytime the project owner sells all of their holdings and runs away. Select those coins that have more than 50% of the circulation rate.
Domestic memes
Memes are great for making money, but domestic memes have limited attention. Maybe this meme is great for you, but in crypto, we are more concerned about money.
Short-term high prices
Why are you buying coins that are at the top of the market for a limited period of time? These coins only go up once in a lifetime and get dead, so don’t waste your money.
Old concepts
If the old projects are not synchronized with the current status of the crypto market, these projects never generate attention again. Because these projects are not suitable for the currency crypto-economic model. So you should avoid these coins.
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