MetaPets a Scam or the next Shiba Inu? Next Crypto to 100x? Crypto Analysis

MetaPets has Jumped by about 60% in one day

The cryptocurrency market is full of new coins that have the potential to easily 10x over a month but this also means that there are a lot of coins which are simple rug pulls or scams. One of the best ways to exponentially increase your investment is to buy into newly created coins before they explode in value but doing this can be extremely risky because now days a worryingly high number of these tokens are rug pulls so you will probably loose any money you put into them. 

To find out whether a new token is a rug pull or not many factors need to be considered and of course, there is really no way to know for sure, we can just guess. Crypto token scams have been getting more and more sophisticated as scammers realized that they can make massive amounts of money by actually spending some time to make a credible looking website. 

The MetaPets developers have a pretty good looking website which is a good sign and their tokenomics looks fairly reasonable. Something that is not a very good sign is their development plan which seems to be a bit unrealistic as they want to achieve so much in only a year.

Their website claims that in Q1 they will make games hosted by the Prizefund wallet, in Q2 they will launch MetaPets NFT, in Q3 they will launch MetaPets social media, and in Q4 they will launch the MetaPets marketplace.

The other parts of their website also seem fairly credible. The token’s developer goes live on the MetaPets Telegram page and he is not totally anonymous which is a really good sign as most of the time scammers wouldn’t expose themselves online. 

Overall it’s not possible to be certain for sure if this token is a rug pull or not but it seems legit. The developer is not 100% anonymous, their website seems like effort was put into it, and the token has already exponentially increased in price and it hasn’t crashed yet so that’s a good sign. If this was a scam coin, the scammers would have already cashed out. 

Tags and Keywords:
Technology, Investment, Crypto, Cryptocurrency, Altcoins, New Tokens, Metaverse, Gaming Crypto, Metaverse Crypto, MetaPets, MetaPets Crypto, Crypto Analysis, New Crypto Tokens, Shiba Inu

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Ali F
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