What is salting a grass coin? We will explain the recommended cryptocurrency brands and exchanges. A grass coin is a cryptocurrency that is highly volatile and has not yet been released to the public. It is a kind of speculation to invest in such coins, and it is not stable at all, but it can also be said to be a chance to make a lot of money.
What is a grass coin?
Grass coin is a slang term for a relatively new cryptocurrency with a low market capitalization. Grass coins are generally considered to be very risky investments because of their low name recognition and trading volume. However, like Bitcoin and Ethereum in their early stages, they also have the potential to grow significantly.
Grass coins mainly have the following characteristics. These characteristics may be attractive to risk-taking investors, but at the same time, they also carry the risk of causing large losses.
Low market capitalization
There are many small projects under a few million dollars. However, since it can be said that the market capitalization is overwhelmingly low, the advantage of grass coins is that if you are lucky, they can cause a tremendous surge.
High volatility
Prices fluctuate greatly, and can go up and down by tens of percent in a day. Therefore, there is a high possibility of crashing and rising, and there is a high possibility of making a big profit. We recommend small investments rather than large investments.
Low name recognition
They are often not listed on famous exchanges or have very low trading volume. For this reason, they are sometimes called fraudulent coins.
What is salting?
“Salting” is a Japanese slang used in investment, and refers to a situation where the price of a certain asset (such as stocks or cryptocurrency) has dropped significantly since the time of purchase, and the asset continues to be held without being able to be sold. There are various reasons for salting, but the following factors are generally considered:
Price drop: After purchase, the market situation worsens and the value of the asset drops sharply.
Unable to sell: Investors hesitate to sell because selling would result in a large loss, and end up holding on to the asset for a long time.
Market uncertainty: Market trends are unclear and there is no prospect of the price recovering, so they end up not letting go.
In the cryptocurrency market, there are many cases of grass coins being salted. Grass coins fluctuate in price so much that it is not uncommon for them to be salted due to a sudden crash, even if they were expecting a large profit at the time of purchase.
Grass coins and the risk of being frozen
The frozen state of grass coins entails the following risks. When actually investing, please be aware of the following points.
Project failure
There are many emerging projects for grass coins, and many of them may end in the middle of development due to lack of funds or lack of support from the market. If left frozen, there is a risk that the value of the cryptocurrency will eventually become zero.
Lack of liquidity
Since grass coins have low liquidity, if trading is not active, it can be very difficult for the price to recover. In addition, due to delisting on exchanges and a sudden drop in trading volume, it may become virtually impossible to buy or sell.
Psychological burden
When a grass coin is frozen, investors have to constantly monitor the market while bearing losses, which increases their mental stress. There is also a risk of missing out on other investment opportunities.
Strategies to avoid freezing your grass coins
When investing in grass coins, it is important to manage risk to avoid freezing your assets. Below are some effective strategies.
Limit your investment amount
Since grass coins are a high-risk, high-return investment, you should avoid investing all of your assets. It is important to limit your investment in grass coins to a small portion of your overall portfolio so that even if the worst case scenario occurs, it will not cause significant damage to your overall assets.
Set a stop loss
A stop loss is a method of automatically selling when the price falls to a certain level to minimize losses. It is important to decide in advance the line at which you cannot tolerate any more losses, and when you reach that point, sell without being influenced by emotions. This will help you avoid large losses.
Determine the timing to lock in profits
Grass coins can sometimes see a sudden rise in price, but they are also prone to subsequent crashes. If you make a large profit in the short term, you should consider selling part of them at that point to lock in your profits. If you continue to hold on to them greedily, the risk of the price dropping again and becoming freezing increases.
Investigate the reliability of the project
Before purchasing a cryptocurrency, it is important to research the technical reliability of the project, the track record of the development team, and future plans. By conducting proper research and investing in a reliable project, you can reduce the risk of being left hanging.
Take a long-term perspective
Cryptocurrency is often seen as an investment aimed at short-term profits, but if it is a reliable project, it has the potential to grow in the long term. Therefore, it is also an effective strategy to hold on to it from a long-term perspective without being distracted by temporary declines.
A grass coin that can make you a millionaire
In addition to the major currencies, there are many grass coins in the virtual currency market. Some coins have the potential to become even more popular than TC (Bitcoin), ETH (Ethereum), USDT (Tether), and XRP (Ripple).
Shiba
Shiba Inu Coin (shiba/shib) is a grass coin derived from Dogecoin, with a cute Shiba Inu as its mascot. The price of the coin soared in 2021, increasing by about 500,000 times.
IOST
IOST is a grass coin that aims to be a high-speed and scalable blockchain platform. The price skyrocketed from 2020 to 2021. It has risen from 0.5 yen to over 8 yen in one go.
ENJ
ENJ (Engine Coin) is a grass coin specialized in trading game items. It had been hovering around 2 yen until 2020, but the price has skyrocketed since 2021.
Introducing a carefully selected list of recommended exchanges
Now, let’s introduce some recommended exchanges that actually handle grasscoin. We recommend overseas exchanges. The reason is that there is no risk of incurring debt due to the zero cut, and furthermore, the leverage is very high, so there is the advantage that you can trade even with small amounts. We will introduce exchanges that are not difficult, and allow beginners to advanced users to easily buy and invest in good steps. These are exchanges that guarantee high leverage and ease of profit.
OKX
OKX is a cryptocurrency exchange based in the Seychelles. Please note that OKX operates separate exchanges in Japan and other overseas countries. They also have a marketplace and offer more comprehensive services than other companies. You can start trading from your browser and make contracts easily. The system is robust, so even if you trade frequently, online payments are fast and easy to use, there are few fees, and there is little maintenance, so you can feel at ease.
Bybit
Bybit was based in Singapore, but the group is now a cryptocurrency exchange based in the UAE. There are many promotions such as bonuses and campaigns, and many events such as launchpads, launch pools, and airdrops. The design is also good and you can try trading directly on tradingview. You can deposit cash continuously, and you can trade enough in a day. As a policy, the number of services such as NFTs is increasing significantly.
Gate.io
Gate.io is a cryptocurrency exchange based in the Cayman Islands and has the largest number of cryptocurrencies in the world. If you are looking to invest in unknown altcoins and grass coins, this exchange is the best choice. In recent years, you can invest in a large number of cryptocurrencies, and you can make many transactions on the same day, including lending, installment investment, spot and futures. At least a certain number of financial cryptocurrencies are available and security measures are in place, so you can set it up smoothly. You can continue without stress.
KuCoin
KuCoin is a cryptocurrency exchange established in Hong Kong in 2017. It is currently based in the Seychelles. Therefore, it is a very safe exchange. It handles over 600 currencies and has a maximum leverage of 100x, so it is run by a large company.
BingX
BingX is an exchange established in Hong Kong in 2018, and has a long history of operation. In addition to spot trading, it also supports margin trading and copy trading, meeting the needs of users. It is currently ranked 26th in the derivatives exchange rankings on CoinMarketCap, and is attracting attention from investors around the world. This exchange has a particularly strong influence, especially in the Asian region. It will become a more comprehensive service as more categories are added in the future.
Bitget
Bitget is a cryptocurrency (cryptocurrency) exchange based in Singapore, and was founded in 2018. It is one of the top exchanges on coinmarketcap, and with over 8 million users in over 100 countries around the world, it is one of the most popular and recommended exchanges in the world. Bitget’s copy trading has a very good reputation. It has the advantage of making it easy to make a profit just by setting it up, but it is also possible to make a lot of money on your own. Currently, Lionel Messi has a partnership agreement with them.
Bitmart
Bitmart was established in the Cayman Islands in 2018. It is a cryptocurrency exchange with over 9 million registered and active users. It also offers derivative trading with up to 100x leverage. For this reason, it is a very popular exchange worldwide, and has the following features, so we will introduce them in a list. When checking, there is no risk as security is also solid if necessary.
Bitrue
Bitrue is a cryptocurrency exchange established in Singapore in 2018. It has a large cryptocurrency trading volume and high liquidity. There are many derivative and spot transactions, and many users around the world have opened accounts and are currently trading, so it is highly recommended. It provides the functions necessary for investment, and you can purchase from the page below. It is also easy to create an account. Leverage is over 100 times, and you can also download your trading history.
BTCC
BTCC is a stable cryptocurrency exchange with over 10 years of history and a proven track record, founded in the UK in 2011. Compared to other exchanges, BTCC is an exchange that specializes in futures trading (derivatives trading) and offers high leverage of up to 150 times. This is overwhelmingly superior to other exchanges. In addition, it handles over 200 cryptocurrencies, so it is very safe. We will introduce information on opening a cryptocurrency account, leverage, deposits, withdrawals, campaigns, and types of app usage. Currently, even beginners can get used to using an account on the web, so it is recommended for getting started.
LATOKEN
LATOKEN is a cryptocurrency exchange established in 2017. Investments are possible from as little as $1, and the exchange only deals in cryptocurrencies, so does not handle NFTs. All major coins such as Bitcoin, Ethereum, Litecoin, Tether, XRP, TRX, EOS, LA, etc. are covered, so it is possible to trade even major altcoins.
LBANK
LBANK is a cryptocurrency exchange founded in Hong Kong in 2015. It provides services in over 200 countries. It is characterized by the fact that you can open an account without having to go through KYC (personal identity verification), making it a highly recommended exchange for those who want to trade immediately or cut out the hassle of procedures. It is very convenient because you can check the latest news and currency listings, and you can also make inquiries via live chat. The basic information is as follows. It handles different major coins such as Bitcoin (BTC), Ethereum (ETH), XRP, and USDT. We recommend that you register and take a look if necessary.
MEXC
Since it is free to open an account, you can do so without any hesitation. There are a huge number of stocks available, with over 1,400 different stocks available to trade, far more than other major exchanges. There are also campaigns, and although there are conditions, you can also introduce them to your friends using an invitation code. Here we will explain the steps to register and open an account with MEXC. First, open an account. Go to the official website. We will explain how to do it. Opening an account is free, and there is no fee even if you open an account overseas. There are also bonuses and other benefits.
XT.com
XT.com is a major overseas cryptocurrency exchange headquartered in Dubai, UAE. Speaking of Dubai, Bybit is also based there. It was originally founded in the Seychelles in 2018, but has since moved its base. It has over 7 million users and handles over 500 stocks, making it comparable to Binance, KuCoin, MEXC, etc.
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