Coingecco called the liquidity of the pool a “main indicator” to determine the reliability of the asset. Blocked cost reduces the risks of sudden withdrawal of funds by developers.
The age of token also matters. The newer the project, the higher the likelihood of deception, since most fraud occurs with recently launched coins.
Also among signs of fraudulent tokens:
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hidden commissions when buying and selling, “eating” profit;
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Over 50% of coins are concentrated in the top 10 wallets;
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Honeypot – tokens that cannot be sold after the purchase.
Analysts said that it is worthwhile if the total number of owners of the asset is constantly decreasing. This indicates a drop in interest in the crypto project, experts summed up.
Earlier, Coingecko said that more than half of digital projects launched since 2021 ceased to exist, which emphasizes high investment risks for the participants of the crypto.
Source: Bits
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