Can you guys please help me on making a stupid decision?
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What’s up guys! Let me start off by saying that I k it I should not take advice from strangers on Reddit. However, I feel a brotherly bond with you all (well, that & everyone I know IRL pretty much hate crypto & are no help) lol
I have 2k to blow. I’m looking to gamble or & throw it into a low cap coin that is available on Coinbase. I want it to be under a $20 million market cap.
I’m going to list off the potential coins. If you could be so kind & just give me your advice on which one to go with, I will be forever grateful. If I become rich, you’re all invited to my mansion pool party. I don’t own the mansion yet, but I will once this coin makes me rich.
Being that the coins I am going to name are all low market cap coins, they will be considered shit coins. I know I’m stupid & wasting my money, but I have been in crypto currency’s long enough to know the basics. I’m content with my portfolio, so this is strictly a gamble play.
These are the coins, and what I know about them for far:
SWFTC ($5 million MC)
This is the lowest MC coin on Coinbase (I believe)., which is one of the reasons why it made the list.
SWFTC is the utility token for a decentralized cross chain platform. SWFT Blockchain currently has over 300 coins on their platform. With SWFTC, the user gets 50% off of transaction fees when using the platform. This coin/platform was developed in I believe 2015. It has a pretty impressive average daily volume for its MC (24hr volume average is about $1.5 million). The SWFT Blockchain platform seems pretty active on social media, and they are always listing new coins onto the platform. Seems like a weekly thing.
CTX ($10 million MC)
CTX is the governance token for Cryptex Finance, which is a decentralized platform that lets you trade against the entire crypto market cap. You can long/short the entire crypto market cap with up to 20x leverage. It is a DAO, and CTX gives you voting rights for the platform. CTX has a small supply (10 million total coin supply)
INV ($17.5 million MC)
Inverse Finance is a lending protocol. Holding INV gives certain incentives for using the ecosystem. This one has more competition as it is DeFi lending, but the tech seems good & the platform seems reliable. One of the things I like about this one is that it has an extremely low total supply (480k), so if this one gains any traction, the price is going to sky rocket.
These are the 3 coins I’m debating between. If you can give me any feedback and/or your recommendation, I would definitely appreciate it!
Also, if you have any recommendations on any coins, please let me know! All I ask is that it is available on Coinbase. Coinbase vets their listed coins thoroughly, so it helps eliminate any potential frauds/scams.
Thanks for hearing me out, I definitely appreciate you all!! Good luck on your investments, and may the bull run commence!
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