Koinex lists three new coins – Golem, Basic Attention Token & Aeternity. Should you invest? (Hindi)

In this cryptocurrency news update, we take a look at three new tokens that have been listed on Koinex – Golem (GNT), Basic Attention Token (BAT) and Aeternity (AE). All three are ERC 20 tokens and have been made available for trading on Koinex at 10.15 PM IST today. We take a brief look at the three cryptocurrency projects and look at some historical price movements of GNT, BAT and AE. While the coins were not trading on Koinex at the time of recording, we expect GNT and BAT to list around Rs 30 and AE to list around Rs 150. We then look at whether it is a good idea for Indian cryptocurrency investors to invest in these projects. As a rule of thumb, usually new coins see a lot of buying interest from investors and can see a short-term spike in prices. In such a scenario, the best approach is to wait and watch and only invest in the projects where the price movement is sideways or at a decline.

References:

Golem (GNT): https://golem.network/

Basic Attention Token (BAT): https://basicattentiontoken.org/

Aeternity (AE): https://www.aeternity.com/

What is Proof of Work and Proof of Stake: https://www.youtube.com/watch?v=Zs3G_Xh5fK0&t=1094s

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Disclaimer: I am not a financial advisor. The views expressed in this video are just my opinions and not financial advice. Please consult a professional financial advisor before investing.

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Kane Dane