Please be aware that any investment carries risks, and past performance of a digital asset is no guarantee of future returns. Loser Coin’s appeal is primarily because of how it leans into the role of a cryptocurrency for loveable underdogs. The founders portray themselves as perpetual losers who wanted to be rich but kept losing money on investments. InvestorsObserver gives Loser Coin a weak short-term technical score of 29 from its analysis.
The founders are hoping that Loser Coin mobilizes a crypto community of underdogs who often feel marginalized and unlucky. If Binance is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money. Loser Coin has built a community, so the story behind it clearly connected with some people. But even with its following, Loser Coin has been a consistent loser in terms of value, making it a cryptocurrency you should avoid. It’s a little difficult to buy Loser Coin because most crypto exchanges either don’t have it or have very limited liquidity. Other places where you can trade for Loser Coin include Gate.io and PancakeSwap.
Best Loser Coin (LOWB) Exchanges
No exchanges offer Loser Coin LOWB for direct purchase using cash. Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below. Buying Loser Coin (LOWB) for funds from your bank requires a 2-step process. That helped it gain a following, especially in its native China where retail investors often feel like the system is rigged in favor of large institutions. Loser Coin quickly built a following from people who could relate to its founders’ experiences. The main difference between Loser Coin and other crypto tokens is its theme, and it really leans into that theme.
- Beware that meme tokens like Loser Coin are highly speculative and could experience wild swings in price activity.
- The transaction will take some time to process, so don’t panic if you don’t see your LOWB right away.
- CoinClarity.com is not responsible for any investment decision made by you.
- Once the transaction is fully processed, you should see your Loser Coin balance in TrustWallet.
- The interest rate depends on the pool or farm where you stake your crypto.
It is your personal responsibility to fully understand the nature and risks of cryptocurrency trading. Before acting on any information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. CoinClarity.com does not recommend that any cryptocurrency should be bought, sold, or held by you. As with any investment, be sure to take proper risk management before investing in highly speculative assets.
Where Loser Coin came from
Almost every one of its projects has the word “loser” somewhere in the title. Once BNB hits your wallet, tap on “More,” select “Swap to Smart Chain” and tap on “Swap.” You can buy them directly on the app by scrolling down to BNB and tapping “Buy BNB.” According to Decrypt, Loser Coin aims to embrace “diaosi,” a Chinese subculture of “poor, unattractive” men who live with their mothers and play video games all day.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The transaction will take some time to process, so don’t panic if you don’t see your LOWB right away. In the meantime, follow these steps to see your Loser Coin balance when it hits Trust Wallet. No content on our site is meant to be a solicitation or offer. CoinClarity.com is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.
In a recent interview, one of the founders said, “[Loser Coin] is an improvisation; the future positioning and route are still very vague.” Like Dogecoin and Shiba, it is just a meme token. I also couldn’t find Loser Coin’s white paper on the official website. Sure, Bitcoin has an anonymous creator, too, but the duo’s concealed identity is a sore point worth considering before purchasing Loser Coin.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Tokens based on a blockchain, NFTs are used to guarantee ownership of an asset.
Completing Your Loser Coin Purchase
One of the messages the founders of Loser Coin are trying to get across is that it’s OK to lose. Whether you agree with that or not, that’s not exactly the credo you’d want from an investment. This form of ledger technology is what’s behind cryptocurrencies and other tech trends.
Looking past the name, Loser Coin also isn’t well-designed and has nothing to distinguish it from other projects. Its homepage has multiple broken links, and everything in the Loser Coin ecosystem has been done better by other cryptocurrencies. Its most notable feature so far is LoserSwap, but it pales in comparison to the large decentralized finance (DeFi) platforms. The interest rate depends on the pool or farm where you stake your crypto. Keep in mind that they all have variable interest rates, so the amount you earn will change over time.
Eager to escape their circumstances, the duo dabbled in the stock market and cryptocurrency trading. Unfortunately, as the name Loser Coin hints, the two men were unlucky during their trading ventures and lost a lot of money. Despite their history of loss, the duo decided to YOLO and invest all of their savings into launching LOWB. It has a name that’s going to drive away most buyers, and it has nothing special to offer as a cryptocurrency. Despite the humorous tone, this cryptocurrency is trying to be more than just a meme token. The team behind it is working on a whole Loser Coin ecosystem with yield farming, non-fungible tokens (NFTs), and games.
Detailed Loser Coin Buying Guide
The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. LOWB has currently traded better than 29% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions. Beware that meme tokens like Loser Coin are highly speculative and could experience wild swings in price activity. As always, make sure you do proper research of Loser Coin and assess whether it’s worth the risk. Keep in mind that LOWB doesn’t seem to have any intrinsic value or utility.
- Tokens based on a blockchain, NFTs are used to guarantee ownership of an asset.
- The Loser Coin ecosystem is powered by its cryptocurrency, so most of its projects use LOWB tokens.
- Whether you agree with that or not, that’s not exactly the credo you’d want from an investment.
- Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
Once the transaction is fully processed, you should see your Loser Coin balance in TrustWallet. Tap on the circular icon (next to the URL) and ensure that Smart Chain is selected. “How to buy Loser Coin” is a new question popping up among daredevil investors after an Ask Me Anything (AMA) went viral. The AMA highlighted the founder of Loser Coin’s trials and tribulations, which shed some light on why they decided to give Loser Coin such a strange, off-putting name. This entire process above will take you less than an hour. Keep reading the simple to follow step-by-step instructions below.
How to buy Loser Coin — the new crypto for unlucky underdogs
In this Loser Coin guide, we’ll go into detail about what it’s doing and why it won’t be a winner for anyone’s portfolio. You are advised to conduct your own research, review, analyze and verify our content and services before relying on or using them. Trading is a highly risky activity that can lead to major losses; therefore, please consult with your financial advisor before making any decision. Although passive income sounds like a great perk, you’ll be earning the same type of cryptocurrency that you stake. If you stake LOWB tokens, your earnings will be dependent on the price of Loser Coin, which is a significant drawback. The Loser Coin ecosystem is powered by its cryptocurrency, so most of its projects use LOWB tokens.
Current LOWB price and historical price chart
For example, if you want to buy a LoserPunk NFT on the NFT marketplace, you’ll need to pay in Loser Coin. The two decided to create their own cryptocurrency and launched Loser Coin on April 20, 2021. They reportedly put their entire life savings into the liquidity pool, but there’s no way to verify that, and the founders’ identities are unknown.