how are you all Hope everyone is doing well, Today we will know what is Shit Coin? And how to recognize Shit Coin! Crypto Currency is new but first we need to know what is Shit Coin or Dead Coin? Because there are thousands of coins in the market, now we should select good coins from these thousands of coins and invest in that coin, Shit Coin means Coinmarketcap if you go, If you go down, you can see many coins, +400%/+500% pumped, many others regret seeing the pump of these coins, if we could buy these coins, it would have been a huge profit.

Image collect Pixabay

But if you look at the volume and marketcap of that coin, you can see that it is very limited.

Then if you notice this coin you can see -90%/-98% down after few days,

What is the way to recognize Shit Coin?

First go to these sites Coinmarketcap /CoinGecko and you need to know the details about MarketCap, Volume, Market of the coin you want to know about.

Marketcap means the total price of that coin, for example, the price of a coin is $1, the supply of the coin is 1M, the total number of coins in the market is 500K, then 500K × $1 = $500K, then the marketcap of that coin is $500k, in the future, more coupons will come to the market and the coins marketcap barbe,

Most Shit Coins have a marketcap of $10M/$20M,

So it needs to be noted,

It is very important to note the volume of 24 hours, Volume means how much trade has been done in 24 hours.

Then how are they listed in the market, most of the Shit Coins are listed in the bad market, then they stop the deposit withdrawal in those markets and buy a large amount of coins, the price of the coins is increased intentionally, then they sell their own coins and run away.

Image collect Pixabay

Many trading signals do this scam, they first buy that coin at a low price, then they give a signal to buy that coin, then when the price increases, they sell the coins they have in the market.

So analyze yourself from Top 100 coins and invest.

And see if there is this coin in big markets, because bad coins are never listed in big markets.

And visit their social media to see if they are regularly active, what updates they are coming up with, what they are working on, know everything.

This is the end of today, everyone be well and stay healthy