Are Newly Launched Cryptos a Good Investment?

[Suba]

The newly launched crypto has not yet been listed on any exchange and there is no detailed information about the new crypto either on Coinmarketcap or Coingecko. But in general, new crypto has great potential to be used as a short-term investment of 3 days to 30 days. Speculator investors hunt for new crypto for various reasons, firstly the price is relatively cheap, the possibility of the price rising and being able to make a profit. Investors also have to be careful in choosing potential crypto so they don't make losses.

 

[eLdavis]

It depends though, there are definitely some projects that are worth investing in, then there are so that you might end up loosing your capital if you are not careful.

 

[riberet19]

I don't know this cryptocurrency, do you know anything about who the team is behind said cryptocurrency?

 

[Kirubel]

In my view newly joined crypto coins are not my favorite to invest on, because cryptocureency world is full of compitition and its very hard to survive, because in order to get accepted by everyone the coin have to be well known and there should be a garenty that the coin will not fell and make the investor loss their investments.

 

[deucher]

A lot of these tokens are made and most of them are just garbage because they have no value. In my opinion, in order for this token to become valuable, it needs to be listed on one of the exchanges