Micro Cap Watch List — Friday 10th December 2021
This week’s Micro Cap Watch List is now live
An invaluable resource in the altcoin investment space
It was a tough week in the world of small and micro cap cryptos. It was the first week since the inception of our list that none of the cryptocurrencies saw an increase (apart from a minuscule one at ICHI). It is not really surprising with the market suffering a period of uncertainty and investors in a state of extreme fear according to the Fear and Greed index.
There were also a few setbacks which made us re-evaluate our purpose and whether we should do things differently or even continue.
Those setbacks included Flypaper (STICKY) announcing they were closing their project, only to backtrack a few days later saying they were in fact keeping the doors open.
Then yesterday Candela Coin went off line. Their Twitter account was closed, the founder went dark and the Telegram account suspended chat. Everyone shouted ‘rug!’. The founder, Avi, suddenly came alive with his new Telegram handle ‘ABC’ and announced that the project had been hacked. The damage was done by then. Hack or no hack this project is dead to us.
We have always been very clear with ALL the projects we discuss in our various channels.
1. It is not financial advice
2. You shouldn’t invest more than you can afford to lose
3. Don’t take our word for it, do your own due diligence.
Many of the projects we flag up look like great ideas but most are small, many with no operating platform and low liquidity. There is always a high chance of failure. CLA and STICKY won’t be the last!
If you decide to invest in micro cap cryptos you must realize the chances of failure is high. That means ALWAYS take profit when you can.
We have been saying that last sentence regularly since the beginning.
We understand the pain of loss. And we are sorry for it. However you must take responsibility for your own investment…