Three factors that can point to a bad cryptocurrency.

in bitcoin •  7 years ago  (edited)

DataDash advising that finding bad cryptocurrency is more easier, thus DataDash suggest three factors that can point to a bad cryptocurrency.

1-Low volume cryptocurrency.

Low volume is one good fact to know as its indicate how popular this currency, avoid low volume cryptocurrency.

2- Spend me on coins.

These coins who are design for specific industry ,it have small market cap and low trading volume for example Pot coin that support companies for legal issues related to marijuana. Thus there is no reason to invest in such coins.

3- Weak team

Bad team is a very bad sign always look for winners, you need to check the team behind any coin, is it a big team and big names or it's some unknown persons and less than four.

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Facts can't be denied, if you want to understand the crypto currency concept, you should start from these points.

well done ehabakhdar, once again!

Thanks @five34a4b for your continuous support.