Is the dream of getting rich from low-priced coins a trap for suckers? A real review of 10 penny coins.

A couple of days ago, someone asked me why some coins have skyrocketed from 0.00001 to 0.001, a 100-fold increase, while most people ended up losing their shirts? I decided to take a look at the 10 hottest low-priced coins on the market (<1 cent).

You need to know: Why low-priced coins are attractive

In short, one sentence - cheap things rise faster.

BONK surged 7000% last year, directly exploding all mainstream exchanges after emerging from the Solana ecosystem. SHIB, which was a joke coin back then, skyrocketed from 0.00000010 to 0.00008616, making a fortune for many retail investors. But what is the logic behind this? It's low base = high multiple potential.

The problem is: not every low-priced coin can increase by 100 times. Among the more than 14,000 coins on the market, 99% are dead coins.

The few I am most optimistic about:

Bonk (BONK) - Current price $0.00002011, Market cap 1.33 billion

• Why it's awesome: The strongest community power on the Solana chain (32,000 followers on X official Twitter), on-chain data shows that whales have been accumulating.
• All-time high: $0.00004547 (March 2024)
• Risk: Pure meme coin, no fundamentals, just riding the hype.

Shiba Inu (SHIB) - Current price $0.00001793, Market cap 10.58 billion

• Why it's different: This guy has real ecology. The Shibaarium Layer 2 network has processed 400 million transactions since its launch in August last year, and ShibaSwap is also available.
• Financing: This year, we also raised $12 million to develop a privacy layer.
• Risk: As the most “professional” among meme coins, the higher the expectations, the greater the disappointment.

Pepe (PEPE) - Current price $0.00001127, Market cap 4.74 billion

• Why it caught on: Internet cultural meme (Frog Pepe), explosive virality, appeared on major exchanges like Binance, OKX, Kraken, and Gate.
• ATH was reached on May 27 this year, which is later than many coins, indicating that there is still room for enthusiasm.
• Risk: 0 fundamentals, it all depends on who is still buying.

eCash (XEC) - Current price $0.00003057, Market cap 599.7 million

• Why special: This is an improved version of Bitcoin, using PoS consensus, now able to earn 7.09% APY through staking.
• Can also create cross-chain subnets (communicate with Ethereum), the ecosystem is imaginative.
• Risk: Dropped 91% from the historical high of $0.00038, the same Bitcoin forks include Litecoin and Bitcoin SV pressure.

Sats (Ordinals) - Current price $0.0000001669, Market cap 349.7 million

• Why take off: The Bitcoin ecosystem has finally introduced Web3 gameplay, and the BRC-20 standard has opened up the NFT market, this coin is the medium of exchange.
• Crazy Price Increase: Increased by 2600% this year
• Risk: Doing DeFi on Bitcoin is still in the experimental stage, and the technology is not mature.

Highlights of the New Project:

5thScape (5SCAPE) - Presale price $0.01, raised 6 million

• Focuses on VR gaming platform, the first batch of games (cricket, cage fighting) will launch in Q4, with a community of 24,900 fans.
• Question: Not launched yet, all are paper commitments.

CorgiAI (CORGIAI) - Current price $0.001161, Market cap 398.8 million

• Evolved from the Bored Ape concept, focusing on an AI-generated content community.
• With the support of the $100 million accelerated program from Cronos Labs, the NFT sale sold out in seconds.
• Question: Too new, there are too many competitors in the AI market.

Before investing in these coins, ask yourself a few questions:

1. Does this coin have a real use case? Or is it purely based on hype?
2. Who is the team? Anonymous teams (MOG Coin, Pepe) carry greater risks.
3. Is the community organic? A large number of followers on Twitter/Telegram does not equal real demand; it is important to look at on-chain activity.
4. How is the liquidity? Small coins may be bought in but can't be sold out.
5. How far is it from the all-time high? BONK has dropped 55% from its ATH, indicating a decline in popularity.

Heartfelt Words:

Low-priced coins can make money, but it's never the “majority of people” who profit. The miracle of SHIB rising from 0.00000010 to 0.00008616 is due to a very small number of people recognizing its community value early on. As for the remaining 99% of low-priced coins, they either die out or become tools for the whales to harvest retail investors.

So how much to invest? Only invest what you can afford to lose. Don't YOLO, use dollar-cost averaging to diversify risk. When a good coin appears, the first wave of increase is the most insane, but it is also the easiest to fall into a pit.

Finally: This is not a call to action, this is a review. Do Your Own Research(DYOR) Always come first.