The launch of new coins is like opening a blind box; most people think they can draw hidden versions, but 90% are trash!
Last night, I saw $STO surge by 40%. It's another new coin listed on Binance, and I can see the greedy investors starting to FOMO again. To put it bluntly, the launch of new coins is just a new game at a casino, where the house always wins.
I counted the 100 new coins listed on Binance last year, and less than 20 could hold their issuance price after 6 months! The remaining 80% have become followers of the "zero return doctrine." It's like blind dating; at first glance, everything looks fine, but you only understand the true character after living together.
However, we can't just dismiss everything. Coins like $SUI, which have actual application scenarios, have dropped to $0.85 (-3.2%), but the technical foundation is still solid. The key is to understand the project background; you can't just jump in based on the price increase.
【Three Major Pitfalls of New Coin Investment】
1️⃣ Going all-in at the opening - it's like giving the project a red envelope.
2️⃣ Only looking at price increases without considering the fundamentals - pure gambling mentality.
3️⃣ Panic buying - catching a lonely falling knife.
Currently, the fear and greed index is at 9, indicating extreme market fear, and new coins are particularly hard-hit. But from another perspective, projects launched in such times are either genuinely valuable and daring to go against the trend, or they're just looking to take advantage of the chaos to cut the last wave of investors.
My strategy is simple: observe new coins for 1 month and see if the project team is genuinely working or just bluffing. I'm also in the observation phase for recently popular projects like Core; I'm not in a hurry to jump in.
Remember this: there are thousands of new coins in the crypto space; missing one is not a big deal, but getting cut once can hurt for half a year!
NFA, for reference only, investment carries risks.
❓ What’s the worst new coin you’ve bought? How many points did you lose?
#Web3 #BTC #Cryptocurrency #DeFi