Lesson - 6
Which cryptocurrencies you should avoid
1. Coins without volume and liquidity — easy to manipulate the price.
2. Tokens that suddenly skyrocket without real news or developments.
3. Projects with aggressive marketing, memes, or meme coins promoted by influencers — especially those that spike in price and then vanish (examples: SafeMoon, meme coins like $Trump).
4. Projects with a history of suspicion of 'pump-and-dump', or created by unknown groups or without a team.
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What you can do
• Remember: sharp price spikes with frenzied volume — a signal 'do not buy'.
• Check liquidity — low liquidity means high vulnerability to manipulation.
• Assess the fundamentals of the project: is there a product, a team, real value?
• Be cautious with meme coins and crypto hype on social media.