Be careful of low marketcap coins

[Taskford]

This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.

Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.

This is the basic way to search those coins since if we found out something strange that well provably we will be save from being a victim of those low cap coins and also maybe also check the certain activity happening since this is one of the indicator that we are going into the bad project or a good one. But maybe for security its better to avoid and stay to the top alts since they are far better than any old but not having a good volume or new coins.

[Jack_Sin]

This is the basic way to search those coins since if we found out something strange that well provably we will be save from being a victim of those low cap coins and also maybe also check the certain activity happening since this is one of the indicator that we are going into the bad project or a good one. But maybe for security its better to avoid and stay to the top alts since they are far better than any old but not having a good volume or new coins.

We must regularly review the volume on coinmarketcap because the movement of new coins is very extreme and not easy to predict, I also strongly agree for high capitalization it is better to have an alt up because price movements are more stable and not rugpull like new shitcoins that have been scattered.

[dimonstration]

This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.

Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.

This coin tracking tool such as coinmarketcap and coingecko is a very good tool to acquire infor about the project because it was listed there but you can use some tracking app dedicated to track those new and hot project in the market so that you can assure that there will price demand in the future. Here are some tracking tools that might help you:

Token with Upcoming event - https://coinmarketcal.com/en/
Gaming NFT with P2E - https://playtoearn.net/blockchaingames
Dapps - https://dappradar.com/
News Aggregator - https://cryptopanic.com/

[isaac_clarke22]

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Well to be specific, you can use CMC for finding out where does a certain coin get traded. I am gonna admit that first time I was dumbfounded on how many coins offer opportunity for me to buy at back in the days, but I don't know where to buy them as well.
The live chart gave me convenience, but somehow it was kind of slow in my phone.

[ali1177]

Low market cap coin has no future in long term as most of the big analyst says only the cryptocurrency which have highest rank on coinmarketcap can have bright future. so that's the reason why old players in the market never believe on low cap altcoins but they believe on big cryptocurrency like bitcoin Ethereum litecoin etc.

[Oshosondy]

Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.

That is what such site are for, if you want to know information about a certain coin, just go and check about this on coinmarketcap, if I do not see the coin on coinmarketcap, I will not buy it. If I see the coin on coinmarketcap, I will still check the exchanges it is trading, I like to go for the ones with high trading volume, the trading volume is listed also along. But I have now prefer to just go for high marketcap coins, if a coin is not among the first 100 cryptocurrencies, I do not deal with the coin.

[Anguwa]

Low market cap coins are really scary because there are always not pridictable, but as newbie I thought bitcoin is too expensive, but after series of i formation and more knowledge from this forum, I get to know thet small amount of money can be used to purchase bitcoin, so low market cap coins always looks easy to trade but also very easy to make someone loose money in a very short period of time, on the other hand it can also make someone to earn money on time.

[Oshosondy]

Low market cap coins are really scary because there are always not pridictable, but as newbie I thought bitcoin is too expensive, but after series of i formation and more knowledge from this forum, I get to know thet small amount of money can be used to purchase bitcoin, so low market cap coins always looks easy to trade but also very easy to make someone loose money in a very short period of time, on the other hand it can also make someone to earn money on time.

Exactly my point, we know it applies to coins in such a way low cap coins are most volatile, they can increase than expected and drop than expected. Someone can invest money and lose all in just one day, this do occur when the person thinks the market will continue to grow after bull run for several days, the person will buy the low cap coins, expecting the price to increase but the bear run starts which will drain all the money or almost all the money invested. Some low cap coins are also manipulated by people that created the coin, they will sell their holding after some people buy the coin which will result to price dump.