Why not try out a less popular but promising token? - page 2.

justdimin

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Quote from: Yatsan on March 21, 2024, 12:59:23 PM

Popularity plays a huge role in any token simply because it generates demand and success of a coin. Indeed potential is a good indicator but it won't mean a thing if it won't be seen by the investors. For sure this is not a new thing; over the years, we saw many projects which had a huge potential upon being introduced in the market but only a few succeeded to be recognized by majority. One reason I guess is the idea that there are many tokens or projects being released weekly. You won't have all the time to check each of those coins and those which names are being noisy, are the ones being more promising.

One good example is the category of memecoins. These tokens are mostly not having any utility buy why's the demand stilk high? Because there's a hype. Hype on the other hand stands for popularity. There are even times those tokens which aren't even promising are ones which are being monitored by investors. Seeing whether a project is promising or having potential is subjective. Meaning, it could be only in your perspective but not with the majority of investors.

This is true, creating popularity is the hardest thing a token can do and usually doesn't pick up after a long time, because if something is popular from the start then it is popular, if it is not then after a while people would just say why would they get in. This is why it's really hard to get into less popular projects, many people would argue that if it was any good then it wouldn't be less popular for months and months or even years.

This means that while I do get scared about investing into it, that means I am part of the problem because if I fear and you fear and everyone else fears then our fears would be true and it won2t go up, but if we do not fear then we could be wrong and lose money too. This is why it's usually not a good idea.

Promocodeudo

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Altcoin is altcoin, wether you try lesser popular or popular token if it will not scale through in the market there is nothing any one can do about it, though there are some unpopular projects that are promising but what I know for sure is that for anyone to know all these he or she has to be active as a core crypto person.
Having an asset in crypto is not a joke, you have to weigh options before you finally decide to invest, up till moment people don't like unpopular coins, it is very rare for people to invest in what they don't know no matter how promising such project is, there must be an attractive factor that will push people to it.

Sophokles

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Only new people afraid to invest in new project due to their lack of the ability to judge a projects merit. In most cases they have no idea how to choose a project or understand a projects potential in the short and longer terms. Its not hard for people to make money once they understand this industry and why there are so many new project every month.

oktana

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Those reasons which you mentioned that cause fear in people are actual reasons to be worried about. Investing in altcoins has only gotten riskier over time. It’s not something you’d just want to invest in a random coin. So, I appreciate that you’re saying “learn” and not “invest”. Matter of fact, you can learn about the technology of the token instead. That is the best thing to look into. But nonetheless, don’t go investing just because it’s unpopular and you think it could eventually get popular and blow up… some of these tokens never make it to sunset.

gunhell16

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Quote from: ololajulo on March 07, 2024, 11:28:43 PM

Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market

That is, if you can make a noise and build a large community in a short period of time, like what happened with Bome, Wen, and other cryptos that have recently appeared in the crypto space, we will suddenly find out that they have been listed among the few top exchanges in this field of crypto space.

Isn't that what happened in Bome, where the price suddenly increased by 100 after it was released for 3 or 4 days? So how many more coins will we see appearing in the crypto industry? And the question is, how will we know that they are the same as Bome, Pepe Coin, and others?

Belarge

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Quote from: niall51 on March 22, 2024, 09:43:30 AM

There's no harm in trying to look for new projects. It's true that we have to learn something new so that we enter earlier than other people and we are ahead of other people. We can also make maximum profit, but we need to remember that new projects have quite high risks, so Therefore, you have to be careful about it and have to do your own research

New projects are important for the space, it generates volatility for the market and most of them don't survived the Bearish season while some are still up and running in the space. I think we should be extremely careful not to deal with the system because it's broad and complex. Making our own research and ensuring we're definitely on the right path of gambling. Making profits should also be among the plan, infact its the top objective whenever we're in the space.

electronicash

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Quote from: DeathAngel on March 22, 2024, 12:23:43 PM

Trying out new, unknown, less popular tokens is actually a really good idea. The big value is in low - mid cap coins/tokens that haven’t exploded yet. Sure you will hit a good amount of total rugpulls & scams but you only need one absolute moon bound one to get rich.

its only good if it's pumping in the bull market. there are memecoins that are doing something like this but i would certainly be selling them when the ATH is achieved. there is no good thing to happen when it's less known to crypto.

everybody wants to ride the pump in the bull run though so their strategy is just to keep looking for promising pumped coins, not even a promising coin but something that can generate big profit when it starts shooting to the moon.

vs2014

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If you rush to buy tokens just by looking at adware, then you can lose because any token can be used for promotion activities. As a scam token any exchange that enters and later they run away with the money. You should get top investment experience so that you can easily grab the best project as soon as possible. The right decision for investment should be personal because you don't want to carry the amount of your losses. So choose by researching rather than listing coins for you in the name of promising coins.

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Quote from: DeathAngel on March 22, 2024, 12:23:43 PM

Trying out new, unknown, less popular tokens is actually a really good idea. The big value is in low - mid cap coins/tokens that haven’t exploded yet. Sure you will hit a good amount of total rugpulls & scams but you only need one absolute moon bound one to get rich.

We also need to be aware of project that has less market cap because they are good to hold for the bull.
It is also important for us to know what we are doing and also focus on projects that had been in the market for long now.
Making financial decisions in the market is not that easy and we need to know how we could go about it.
We can make money in the market through different ways which we need to endeavor. There are some low cap coins too that don't worth our investment and we need to be very careful about the.

DeathAngel

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Trying out new, unknown, less popular tokens is actually a really good idea. The big value is in low - mid cap coins/tokens that haven’t exploded yet. Sure you will hit a good amount of total rugpulls & scams but you only need one absolute moon bound one to get rich.

niall51

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Quote from: shanhaigamefi on March 07, 2024, 10:29:03 PM

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin

There's no harm in trying to look for new projects. It's true that we have to learn something new so that we enter earlier than other people and we are ahead of other people. We can also make maximum profit, but we need to remember that new projects have quite high risks, so Therefore, you have to be careful about it and have to do your own research

batang_bitcoin

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Promising is subjective.
It is promising for you but not for me. I am done looking at these promising coins and start to get on the reputable ones. I may snipe some based on my bias but I couldn't be better than the others who have been doing this. When you're going to be spot on with these potential coins in your opinion, you better prepare for what's coming on it because you have no idea whether they'll be successful or not.

Yatsan

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Popularity plays a huge role in any token simply because it generates demand and success of a coin. Indeed potential is a good indicator but it won't mean a thing if it won't be seen by the investors. For sure this is not a new thing; over the years, we saw many projects which had a huge potential upon being introduced in the market but only a few succeeded to be recognized by majority. One reason I guess is the idea that there are many tokens or projects being released weekly. You won't have all the time to check each of those coins and those which names are being noisy, are the ones being more promising.

One good example is the category of memecoins. These tokens are mostly not having any utility buy why's the demand stilk high? Because there's a hype. Hype on the other hand stands for popularity. There are even times those tokens which aren't even promising are ones which are being monitored by investors. Seeing whether a project is promising or having potential is subjective. Meaning, it could be only in your perspective but not with the majority of investors.

|MINER|

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No one seems to invest in the new token. Because everyone has their own money illusion. No one wants to be a victim of a scam. Everyone wants to invest somewhere trustworthy. People are getting scammed even after checking a lot. And without verification, will you lose everything by investing in a new token? But it can be trusted but you should invest a small amount of money for a short time in the beginning. Because less Nothing can be said for sure about popular token. It may or may not be trusted.

Kelward

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Quote from: shanhaigamefi on March 07, 2024, 10:29:03 PM

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin

Investing in new projects in the crypto space is risky, no doubt, and as you've mentioned the obvious being that there are more scams than legit, so it'll be left for any investors that wants to go ahead to understand that they're gambling their funds, but they can minimize the risks if they know how to research the new or unpopular projects. So the key word is to carry out research before buying, any token that you think is promising, and if you feel positive to go ahead and buy it, then do so, afterall it's your money, so it's important that you don't rely 100% on what others tells you about a token, because if they're wrong, then you your investment capital is gone.

Mate2237

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Life without risk is coward. We must face challenges to over poverty and becomes great in the society. The bold step you have taken is good one and when you investing in it use DCA to invest so that you will be monitoring the movement. I really like your courage to face risk. Not everyone can do that and what you said is not really the truth but the second one who you have said is the truth that "scam", and yes everyone is afraid of the scamming so the investment on those project is not much.

And if I will recommend to you of any altcoins which others have also recommended some to you I will like to add this one for you which is Eloncoin. Invest in it and come back and greet me.

tsaroz

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Quote from: shanhaigamefi on March 07, 2024, 10:29:03 PM

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin

It's the strategy but the problem is it's not easy to find less popular promising coins early. I've tried buying $100 worth of any coin that had good concept and a good website but that strategy didn't worked. Either the coin got on decreasing losing all transaction volume or remained low or at the same price point for months.
Another strategy that actually worked for me is to invest on new promising coin which are already a bit popular and buy it on the dip. I invested on Solana with the same idea at around $20 and it paid off. I invested the profit on TON at around $1 and SUI at around $1 as well. TON is now 4+ while SUI is 1.8+

deathcode

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Quote from: Kristiyana on March 21, 2024, 09:24:00 AM

Investing in a new token isn't a bad idea, but you really need to be careful so that you won't end up invest in the wrong coin, reason been that there are some coin that has been in the market for long but they don't have the potential to increase in there value, just imagine investing on this coin how is your future going to look like? however investing in a new token is very good when you make a long term investment with it, mostly when you invest in a profiting coin,I'm pretty sure you're going to make a lot of profit in the future.

In fact, new coins with a long term will increase the risk. New altcoins typically take advantage of short-term market moments to increase their value. This usually happens at the momentum of open trading or being listed on a new exchange. it's very short and in the long term we won't know whether they will be able to last long or not.
competition in the market for new altcoins is quite heavy. when they do not have strong market support, they can very quickly fall.

irhact

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Quote from: encryptogon on March 21, 2024, 07:44:10 AM

Investing in a new token at the very beginning is a good idea to get a higher profit margin. I think unknown tokens are not worth the time or money which is why they are unknown. BTC is the best option to earn profit with a limited risk of losing money. However, most of the experienced investors and members of this forum advised to not invest in these coins because most of them turned out to be scams and people lost their hard-earned money.

Many individuals have lost their money from investing in unknown tokens hoping that the tokens will become known and they'll make profits. Many investors are buying unknown memecoins as they hope that the memecoin will become popular as some of the new popular memecoin has dominated the market from having no popularity just few months ago. All this aren't a guarantee as you can make profits while others are losing when you invest in an unpopular token.

There's no way you'll know if a token is promoting or not as there are many good projects yet they're not getting the attention that the tokens with poor fundamentals are getting. In the altcoin market, hype is what is making tokens to become very popular and not due to what the project is bringing or working on. Investing is an individual opinion therefore that follow others but do what will work well for you.

Tmoonz

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Quote from: shanhaigamefi on March 07, 2024, 10:29:03 PM

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin

Quote from: shanhaigamefi on March 07, 2024, 10:29:03 PM

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin

That a coin is not popular doesn't make it unknown there are a lot of coins out there both new and old that might not be known to you, take a look at the following and make your own research.

1. Taraxa

2. Connect

3.joystream

4.nexa

5.game swift

Topic: Why not try out a less popular but promising token? - page 2. (Read 785 times)