Why should we check the old ALT Coins before buying!

in hive-183397 •  5 months ago 

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Image collect Pixabay


Assalamu Alaikum

how are you all Hope everyone is doing well, Today we will talk about why we should stay away from old altcoins. I will talk about it today. A few days ago, Binance delisted some ALT Coins, among which OMG Coin was delisted. And this coin was quite popular. Many people admitted huge losses, in fact Binance Exchange always wants their user's funds to be safe, and they always keep an eye on every project in their market, what they are bringing, and what they are currently working on. At present almost old coins have their project inactive.

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Because we all know Limited Supply Coins have a specific amount of Supply,
And from that MAX Supply, some % comes to the market constantly, and the amount of cost needed to run another project comes from MAX Supply, and slowly when all the coins come to the market, that means Circulating supply becomes 100%, then even if they want Can't create new coins, so they don't bring anything new with their projects, it can be said to make the coin inactive.
In this, the coins do not get much hype, huge pumps are not seen,
Although this is not the case with all old coins, many coins bring newer coins under them, giving huge hype to old Mothers coins.

So I think you should check before buying purat coins.
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Image collect Pixabay


I hope you all understand, I'm ending today here, everyone stay well and stay healthy, Allah Hafez

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I believe that we still have some valuable old alt coins of projects. There are many new projects but we can also get the earning opportunities with old ones

right brother

Great article from you, thanks for sharing this quality post friend, really appreciate as it is really enlightening.