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This can be their trick to make scam with people. First, they will give free BNB or another coin then maybe they can ask for some fee. So be aware of this. Keep getting free coins until they give. When they start asking for some fee, then leave it.
If the project is looking good with a good team and ideas then must give it a chance it can give you good profit also.
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I don't think it will happen because the US will also get lost and the crypto market will get high damage. But why are you thinking this? There are a lot of crypto traders in the US. so it will be very difficult for the US to ban crypto in their country. Don't be worried the US will not do this.
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If you are investing for the short term then it may give you profit. But if you are holding it for the long term then it will be risky. Because new tokens/coins only pump for a limited time and then get dump again and again. Profit from new tokens/coins depends upon luck if your luck is good and you took entry at a right time then maybe you will get a good profit.
I suggest you to away from these new coins/tokens. You should invest in a strong project. Where risk is too low.
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Can they compete with existing coins like DOT, LINK, coins on DEfi.
Maybe no, their trend has been ended, now it is the time of new and potential coins which are developing very fast and adding many new and interesting things in their project. People always follow those whom they are interested in. Cardano(ADA) has become famous so many people are interested in it and investing their money. You can see other old coins like Binance Smart Chain and Ethereum. They are still famous because their team is working and updating new things daily. |
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I picked Ehereum, Cardano, Chilliz, and Arpa. I bought them in a bull run and I am still holding them. They are good projects and have grown every time. That's why I invested in them and still investing more money to make my portfolio in balance. If you are looking for good projects in this dump market you should invest in them. You should take full advantage of this dip, if you miss this you will regret it in the future.
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