Why is there so much criticism for buying new coins in the square these days? Because what people are buying are VC coins. What are VC coins? To put it simply, they are cryptocurrencies supported by venture capital. In recent years, everyone has particularly disliked them, but many people are not very clear about what they actually are, nor do they understand why they are disliked. Take $VANA as an example; it is a very typical VC coin, with the following characteristics.
Firstly, it claims to have particularly impressive real projects, unlike those meme coins, which are only for speculation and have no real use. Secondly, many powerful institutions invest in it, and its background is quite impressive. Thirdly, the number of coins in circulation is particularly low, yet its market value is quite large.
Because of these characteristics, many newcomers to this field see such an impressive introduction and the tangible projects and think that this token must be very valuable and will definitely rise a lot in the future. But after buying it, they realize that these coins are all noise with little substance. They are very impressive during promotion, but once they are launched, they fail and keep dropping continuously. Why? Because there are very few in circulation, and many tokens are still locked. Those large institutions participated in financing at very low prices, and every time they unlock, they quickly sell off the coins in their hands. As a result, every time they unlock, the price of the token plummets, and it won’t stop dropping until 80% is unlocked.
Moreover, these mediocre VC coins will absorb all the money from the market, making it difficult for other tokens to rise properly, and they fall very quickly. This is all because the exchanges are too greedy, charging transaction fees and helping those private placement coins to cash out, continuously listing VC coins and harvesting everyone’s profits. So, VC coins should be avoided; touching them will lead to losses.
Recently, I plan to ambush a potential coin that is about to explode, and it’s quite simple to double the investment. At the same time, I am also preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to follow my journey, leave a message, follow, like, and join the group.
