Should I buy squid cryptocurrency?

For Bernard, a Shanghai-based investor , this seemed like a golden opportunity to invest $28,000 of his life savings. But he lost all of his money as the coin crashed over revelations that the token was not affiliated with the official IP and discrepancies were spotted in the meme coin’s whitepaper and website.

A cryptocurrency inspired by the popular South Korean Netflix series Squid Game on November 1, 2021, became the most hyped digital token when its valuation shot up to $2,861 per coin .

Is Squid Game crypto a good buy? Investors should be cautious before investing in SQUID crypto. A warning issued by CoinMarketCap claimed that there have been several instances of people not being able to sell the SQUID token on PancakeSwap. It hasn’t been determined why some users aren’t able to sell their tokens.

Will Squid Game crypto price go up? The Squid Game crypto price could increase again , though digital currency traders should avoid investing. … Holders are now left with near-worthless tokens, plus the price isn’t likely to rise and offer a return on their investment.1 Kas 2021