A quick review on some low volume coins
Ok so to deviate from my more serious posts, I wanted to post this. This is an informal report to one of my clients whom I am handling his cryptocurrency portfolio. This list is a set of coins which are both very cheap but also have low volume.
Vocabulary terms to ponder:
Red flag - Bad
BLACK FLAG - Worst
Mintcoin (MINT)
- They have a good reddit community and also post constant tweets filled with minor updates
- Major red flag is the 24 billion supply
- Another major red flag at 446 dollars 24h volume. Take note out of all the crypto volumes $446 is like a grain of sand in a whole beach - very miniscule
- With double red flags in supply and volume.. currently this coins is a nono. The only thing that can move this is a pump and dump scheme.
MOON (MOON)
- This is one of the cheapest I've seen. $100 can give you a million of these.
- major red flag in volume and circulating supply
- mooncoin used to have a meme barrage
- has a mooncoin wallet.
- If I were to choose, I'd give this coin 100-200 bucks and leave it for 5 years. lol
AsiaCoin (AC)
- supply is a bit better... but still a flag
- The volume is a BLACK flag. Meaning the worst
- ZERO social media feeds
- This coin might have just been created in Yobit or something
HitCoin (HTC)
- Cheaper than mooncoin!
- Black flag in volume and supply
- zero feeds
Same goes with (IFLT) and (FIMK).
Soarcoin (SOAR)
- red flag with volume
- red flag with the 5 billion supply
- a promising article:
https://themerkle.com/why-soarcoin-will-be-the-most-valuable-solution-for-developing-countries/
- slow development
- small community
- good niche although has a lot of competition
Ecobit (ECOB)
- red flag with volume and supply
- I love the eco friendly theme though. But nonetheless, this does not add to anything
- More on community based coin and does not have a project but only hype and awareness
- I love nature and green living but I'm not gonna buy this coin because of that
Virtacoinplux (XVP)
- GREAT TOTAL supply
- BLACK FLAG on volume
- Has an MVP which is a wallet
- They have their own exchange as well
- Small community
- The only thing bringing the price up to 7 cents is the total supply. See the direct correlation to both.
Overall, take note that for volume at this point in time... atleast 1-2 million dollars in volume can trigger a spike in value. For circulating supply, 500 million below is a good amount. Everyone wants to take advantage of these types of coins since they are very cheap and a small buy might trigger an increase in value. However, with volume like that, there is nobody buying or selling at all. In the end, its not worth it if there is no volume or no notable news or event to boost the volume. You'd be praying for something similar to a miracle to happen.
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