Hi all!
The market is recovering since a couple of weeks now and we're heading towards "greed" in the fear and greed index.
The index can be found here: https://alternative.me/crypto/fear-and-greed-index/
During green days people tend to search more for "crypto" in search engines. This means more and more articles show up like the following:
1) "Unification (FUND) Rises 20.07% Saturday: What's Next for This Bullish Rated Crypto?"
2) "IOTA Price is about to POP 10%! BUY IOTA?"
Link: https://cryptoticker.io/en/iota-price-is-about-to-pop-10-buy-iota/
3) "Loopring's Cryptocurrency Is Gaining Today: Is It Time to Buy?"
Link: https://www.fool.com/investing/2022/03/29/looprings-cryptocurrency-is-gaining-today-is-it-ti/
These articles are trying to shill investors (especially beginners). That mostly result in losing peoples money.
There are multiple reasons why people make these kind of articles, here are the 3 most common ones:
1) It's a scam or a rugpull.
2) The website or author is paid to shill a coin/token.
3) The author wants to pump his bags. Mostly that coin/token already pumped and they're trying to FOMO people in to it.
That's why it's important to DYOR and to invest/DCA during crashes/dips. Don't let the FOMO take you when you see a bit of green. Remember to buy the fear and sell the FOMO!
Some tips while DYOR:
1) Read the whitepaper
2) Look in to the team behind the project
3) Check the tokenomics
4) Examine their use cases
5) Scroll through their social media and website
Have a good Sunday!
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