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What is trash coin? It is completely different from Bitcoin or Ethereum. Instead of spending tens of thousands of dollars to get a Bitcoin, you only need a few cents, or even less, to own dozens or hundreds of trash coins. Because of this low price, it attracts many newcomers to the market.
The appeal of trash coins lies there. The low price makes them easy to buy, easy to accumulate, and offers a chance to become a crypto billionaire quickly. Swing trading is also easier compared to major coins. Not to mention stories about meme coins suddenly increasing 100 times when listed on major exchanges, these stories spread very quickly, causing FOMO to explode.
But this is the time you need to warn yourself. Trash coins are very unlikely to increase sharply in value, and that is a fact. Many projects have no long-term plan, no fundamentals at all. Some are even scams from the start. When you buy, you are just providing liquidity for whales — those holding large amounts of coins who only need to sell to make the price plummet. Only when trash coins are listed on major exchanges do they have a chance to surge in value. Good luck with your decisions.