Why not try out a less popular but promising token?

[shanhaigamefi]

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

[Lida93]

The less popular they are the highly risky it makes of them. And with the invasion of the market by multiple new coins now and then especially this bull run period it makes it more difficult to get an actual unpopular coin with potential as the scam unpopular shit coins are much more saturated in the crypto market.

My guess is that 1-10 unpopular shit coins 9 don't have any potential whatsoever to pick up in price. However, as you take your step to invest in unpopular coins stick to using money you can afford to lose in investing. Cheers!

[Marvelman]

There are certainly a whole lot of new crypto tokens being created lately.  Some of them seem pretty promising, while others. . . well, probably won't be taking off anytime in the near future.  That low entry price can definitely be a double-edged sword - on one hand it makes it easy for folks to buy in but on the other hand it tends to attract projects that haven't necessarily ironed out all the details yet.   

I think the key is to do your research before investing.  Make sure the developers have a clear vision and roadmap, that there's an active community building around the project.  The cryptocurrencies with staying power are the ones solving real problems or facilitating transactions in innovative ways.  The meme coins and hype trains, while exciting and tempting often fizzle out before accomplishing much.

Of course plenty of solid projects take time to deliver on their promises too.  But if the foundations look promising, a little patience can pay off down the road.  Just gotta be careful not to get swept up in the hype and FOMO without taking an honest look under the hood first.

[logfiles]

Recently i explorer quite a number of shitcoins on Solana blockchain and only one turned out to be satisfactorily legit and profitable over the past few days. The project is called SolChat. The rest of them that i checked turned out to be mostly rug pulls.
People prefer fewer risks rather playing with unknown shitcoins.

[LTU_btc]

Then you probably should move your topic to Altcoins board if you're not talking about Bitcoin.
Personally I got burned too many times while investing into altcoins. I don't even watch into these less known coins. Most likely that very few of your investments will bring you decent returns. I prefer investing in something that I know better.

[Promocodeudo]

The less popular they are the highly risky it makes of them. And with the invasion of the market by multiple new coins now and then especially this bull run period it makes it more difficult to get an actual unpopular coin with potential as the scam unpopular shit coins are much more saturated in the crypto market.

My guess is that 1-10 unpopular shit coins 9 don't have any potential whatsoever to pick up in price. However, as you take your step to invest in unpopular coins stick to using money you can afford to lose in investing. Cheers!

Your advise is a good one, but for me, some unpopular coins pick up at the early stage, I meant the first time the were introduced to the market but later dumped because of market correction or shit like that, for people that invest in altcoin I will always say that they should be careful, as you advised I will say that it is better for someone to stick to those coun that has been in the market for a while that has the tendency to shift upward in price as bitcoin do.
The level of scam in the crypto market is very alarming and that's why it needs a knowledgeable crypto enthusiast to ascertain a scam free token, newbies in the business need to trade with caution in respect to investing in new projects.

[mk4]

Re: Why not try out a less popular but promising token?

Because most people(95%+) are incapable of actually finding a "promising" token/project. Most people will get hooked-in by buzzwords and promises that are very unlikely to be unattained. There's a reason why people in the 2016-2017 ICO era got royally wrecked.

[Sophokles]

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

You are trying to jump into an ocean that doesn't have a bottom. How many tokens will you study about every day? I don't think you will do more than launch new projects every day. Not only the scam project but there are many promising projects everyday that are worth noticing. If i had enough funds i would have invested in all of these projects, even if it was a small amount. But its a learning opportunity to study all these projects and their concepts, which is really amazing.

[oktana]

The good thing about investing in less popular tokens is that they don’t have volatility as the popular ones. So if you invest your money, there’s no need to be scared. But one important thing is that you need to understand why they are less popular because you do not know if they are struggling due to lack of funds which sometimes lead to a halted project or maybe it’s because they’ve been working on the project hence it’s just not yet ready to be marketed.

[batang_bitcoin]

It's because that many of them can rug pull anytime. While the hype and tension in the market is still there, it's hard to look at the legit ones on this season because with the vast of new projects coming in on each chain is enormous. You'll have to check each of them on which is worth your money and of course, you're here to make money but you also want not to get victimized by these scam projects and that's why you just don't put your money on those that have been taking the attention of the community lately. DYOR as usual.

[xeqoRameshAxueamExaqana]

If you are a newbie in crypto currency, it is better to buy coins that are in the top ten big markets in coinmarketcap.
so it is definitely safer and avoids scams and fraud.

[johnsaributua]

There are also many good new projects, there are several coins that are listed at fantastic prices and have lasted for a long time until now, if you are a news lover try to join the coin's twitter and media channels. Or you can look for the order ladder in cmc or coin gecko maybe order 10-30 DYOR.

It's no surprise that interacting with the coin costs a lot of money including the initial purchase, but if you're active in the coin you'll get royalties although not all developers are as generous.

A qualified funding rise will bring the coin to be more recognized by the community even though there is a prize distribution for participants, even participants save it because of trust in the project, for me news is important for the flow of coins to be bought or saved. Because curiosity alone will bring misery, but a quality project will show its work in every stage carried out by the coin.

I prefer coins from retroactives or from reward nodes even if they are new.

[2Pizza410000BTC]

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

I don't understand well what you are talking about but if you are talking about new project then I would say investing in new project is profitable but that new project must be good and credible. If you can buy the coin from the presale and if that coin is listed on a good number one exchange then you will definitely be successful. And if they get scammed then you will lose a lot but if listed on the best exchange platform like (binance exchange platform) then going ahead with that coin will surely give good returns.

[Bushdark]

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

There are people that like to invest in less popular tokens but many would be afraid to put there money in it.
We need to be smart and take decisions very clearly and not keep doing something that will cost problems for us.
It is very important that whatsoever projects we are putting our money, we need to do proper research so that we don't lose money to a bad projects that could crash immediately.

[samcrypto]

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

It takes time before you make profit on those new and promising token, and most of the time they failed to reach their target and they ended up as a scam project.

Be ready for the risk as you may not see profit here right away, the waiting time might discourage you to support the project all the way, just have a spare money for this where you can afford to lose.

Small projects and less popular tokens are facing a lot of challenges, this is not a guaranteed success.

[JeffBrad12]

depends on what you mean by less popular, if what you mean by less popular is having less market cap then it does make sense to try it out but if what you mean by more popular literally is just means that they aren't popular I already see the project failing before even investing i mean if they are good enough they surely be able to gather enough community for them to grow.
what I see from many less popular coin that are basically having so small exposure towards the market is that they usually just outright failing because there's no one to use their project.
therefore eventually once team realizes that their project has no place in the market they just gonna abandon it, and what it means for our investment, well a massive loss.
because after that surely the coin will eventually declines and then get delisted from the exchange and eventually the coin become shitcoin that nobody wants.

[bitterguy28]

less popular tokens are risky, yes, but if you get lucky you can be a millionaire over just a day and i think this is what investors who are interested in less popular tokens dream about

in my opinion, investing in cheaper altcoins is a good idea as it can generate a good profit over time with little money from your side of course not all altcoins will be able to generate profit but this is why you should only invest what you can afford to lose

on the other hand, there is a much safer way of acquiring cheap altcoins and that is through finding them during their early launch where they would be giving away airdrops airdrops are not guaranteed to have value but again if you get lucky it can turn your world around

[bluebit25]

Why not try out a less popular but promising token?

where it is?

Talking nonsense does not convince the truth that among thousands of projects there will only appear a few of them, it is not many and not everyone has the ability to find them. In essence, this term only complicates the game of gambling in the crypto space. Since joining this field, I have faced many stories where people talk about big profits or opportunities, but in reality they ignore risk and loss.

In the crypto space it is no different than a risk/return fighting game, it is not for the masses and those who talk about excessive success are only deceiving others and themselves about the reality. Strategy can help someone make money, but in the face of many barriers, not everyone can complete it or be satisfied with the goal they have set, just be realistic.

[pinggoki]

That's not the only reason that a lot of us are afraid of new and "promising" tokens, remember that most of them if not all aren't really promising and they're just like that because someone said so about that token and because those people are early adopters that will stand to gain the most when that token is shilled to a lot of people. Another thing that would make it difficult for someone to invest in those tokens is that there's a lot of them in the market everyday and you don't know which one's you're going to put your money into and it's probably going to take you a long time to make a profit in any of them because they're most likely the kind that would take their time in growing and it's really difficult for some of them to get in if you want an airdrop, they make you jump through hoops to garner engagement from the people and at the same time you're actively evading scams and phishing links that latch on to this airdrops.

[Bureau]

Finding a good less popular coin in the current bull run is an impossible task. Scammers are already set to utilize this opportunity and scam investors by creating coins and then doing rug pulls. At the moment due to the hype of meme coins in the market, there are new meme coins that are being launched. Some of them will benefit investors but most of them would not. It is not that easy to trust new coins at the moment, it is okay to invest in already traded coins to gain profits.