Are Crashed Coins Worth the Risk?

in LeoFinance5 days ago

As we all know, the crypto market is very risky and unpredictable. Sometimes strong projects crash, and sometimes worthless coins do well. This is the specialty of this market and the cause of problems for investors.

We will find many examples of this. We see that Bitcoin moves from $50k to $107k in a very short time, and it is normal for it to pump or dump 5-10% daily.

It is surprising that a strong project like Rune crashed. No one ever thought that Rune would fall from $10 to $1 and its owner would go bankrupt. But this happened, causing huge losses to investors.

Similarly, what happened with the strongest and largest exchange, FTX, surprised all investors. The crash of FTX affected the market badly, and all crypto coins crashed as a result.

Are Crashed Coins Worth the Risk.png

Also, the same thing happened with Luna coin, and even stablecoins were not safe. This means that USDT is not safe, and something similar could happen with it too.

Now, let’s get to the main point. Should we invest in the coins that have crashed and even been delisted?

Remember, when a project fails badly, it can also come back. This means that if the owner or whales want, they can take that coin back to the sky.

In my opinion, investing a small amount in such coins would be wise. Because if such coins go up, they can go very high, and with a small investment, you could make a lot of money.

In my knowledge, there are 3 coins that have fallen badly: Rune, FTX, and Luna. If you invest 5% of your amount in them and hold them long term, they might help you make good wealth.

In your opinion, is it wise to invest in such coins? How do you think taking the risk with such coins will turn out? I would be happy to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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Best Wishes.