DO NOT LOSE YOUR MONEY! Why investing into low mcap coins is very risky.
Investing in the past
Investing into low mcap coins was a great way to make crazy returns in 2017.
Low mcap altcoins would make amazing gains - 10x - 100x wasn't that u…
DO NOT LOSE YOUR MONEY! Why investing into low mcap coins is very risky.
Investing in the past
Investing into low mcap coins was a great way to make crazy returns in 2017.
Low mcap altcoins would make amazing gains - 10x - 100x wasn't that uncommon in 2017 where there was crazy amount of hype due to ICO popularity
At this stage many projects were in development phase so mostly the investment were performed based on hype and the potential
However 2 years later many of these projects should start delivering results because they had enough development time. Are they delivering?
Reality
This leads us to the current situation where 2 years it is time for those projects that raised millions of dollars to start delivering results
The reality is different - many projects are being abandoned because they lost all of the funds either through mismanagement or simply because the money was spent on other stuff.
As a result majority of low mcap ICO projects are at risk of running out of money and abandoning the projects as a result.
Abandoning project obviously means that the price of the tokens goes way down and the invested money is lost.
Recent examples
Thor token shut down after burning through the funds and also claming that they ran into many regulatory challenges while operating that prevented them from achieving what we set out to in our white paper. What is interesting is that Thor supposedly raised $21 million during their ICO, which ended on April 2018 but the CEO David Chin says the reported figure is closer to $2M
RepuX raised the funds ($4.7M) to build a “blockchain powered data market place,” while JoyToken ($3.3M) was developing a decentralized gambling platform. A quick research of the blockchain companies also shows close ties between the two to the point where it could be assumed that both were run by the same company and were scams from the beginning.
Recent examples 2
The exchange Cobinhood is still operational butt has been dealing with con..
