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Which cryptocurrencies are non starters?

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Meme Coins: A lot of meme-based tokens, such as Dogecoin or Shiba Inu clones, are useless and don’t hold their value over time.

Failed Projects: Generally speaking, tokens associated with projects that have fallen through or failed to live up to expectations are considered non-starters.

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High Supply, Low Demand: Coins that have a lot of supply and little demand typically have trouble becoming popular and valuable.

Rug Pulls and frauds: Some cryptocurrencies are frauds in which developers give up on the project, leaving investors with large losses.

Absence of Development: Coins that receive little community support or continuous development tend to stall and not succeed.

Before making an investment in investors should do extensive research because those with little innovation or obvious use cases are more likely to fail. NERDWALLET: A CRYPTO-BASED FINANCIAL SMARTER BUSINESS INSIDER HEDGE.

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Written by mamta Yadav

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