Squid Game has managed to become one of the most watched Netflix projects in the world. It didn’t take long for opportunists to show up while the series, watched by millions, was sitting on the agenda. It was released under the name Squid Game The SQUID token, after the incredible ascent, he recorded a terrible jump.
Squid Game Token Performance
The crypto currency is included in the dictionary Pull The Rug, which means that the developers abandoned the project, leaving it to its fate. In this case, the people who built the project withdraw their funds completely and become involved in losses. Investors, on the other hand, are literally left in the middle. Such projects attract investors by capturing their trends. Squid its investors had recently made their voices heard on social media about the inability to sell. The inability of the investors who bought to carry out the sale transaction meant that the danger bells were ringing.
According to Coinmarketcap data SQUID the token rose to $2,861 during the day. Upon Rugpull’s reflection in the media, the Squid Game token, which showed an amazing graphic, crashed to the ground. Squid has declined to $0.003 as of the time of this writing. Investors who have just joined the crypto currency market may find it difficult to distinguish such projects. In this case, a comprehensive research course should be conducted for the invested crypto currency.
Squid Game token those who made the investment have gained important lessons with this experience. Investors should have understood that they need to be more careful when investing in a crypto currency project, otherwise their results will result in heavy losses.
- Money is not everything: New participants of the crypto currency market are investing all their capital in one point with their dreams of getting rich in an easy way without solving the market structure. Investors’ eyes are literally turning when the ambition to make money turns into a game of chance now.
- Risk management: Users should only invest an amount that they can remove their risk and losses. Otherwise, heavy losses can lead to many problems.
- Research: Investors should not get caught up in the FOMO effect and enter the crypto currencies they hear about from phenomena or forums without doing research. Sudden unplanned decisions can lead to great regrets in the future.
- Verifying: No investments should be made in cryptocurrency projects that have not been approved by independent Blockchain auditors.
This list can be extended further, but in general, the lesson that users should draw is that there is no investment in this highly volatile market without conducting a large-scale study.