We tell you step by step how to carry it out. With example
▪️ Define your goal
Before you begin your research, determine what exactly you want to get out of your investment. This could be a long-term investment, trading, or even just an interest in new technology.
Let's say your goal is long-term investing with a focus on technological innovation, and you are a fan of green energy, want to help the planet and decide to invest in a startup.
▪️ Learn the basics. Fundamental analysis, so to speak
Whitepaper: This is the first thing to read. Here you will find all the basic information about the project.
Team: Learn about the professional backgrounds of the founders and developers. At least who they were, what they did, where they worked before. If you noticed, we always talk about our team of partners. Because it matters.
Check out the repositories on GitHub. A good sign is active code updating and a large number of "stars".
Technologies: Understanding the underlying technologies will help you better assess the potential of a project. But I always talk about this - study what’s new in the world now.
▪️ Finnish analysis
Market Cap: Large caps can signal stability, but smaller caps can offer greater potential for growth. Hello CoinMarketCap.
Trading volume: Low volume may signal a lack of interest in the project.
▪️ Community and media
Forums and social networks: Reddit, Twitter and Telegram are good platforms for studying public opinion.
News Resources: Follow news related to the project. This could include partnerships, renewals and even scandals. Read Medium, good articles are often published there, and in general the platform is popular among the Western community.
▪️ Risk management
Assess the risks associated with the project. This may include regulatory risks, competition and technology risks. Monitoring the global news agenda will also be very useful.
Once you have collected all the necessary information, compare it with your investment goals. This will help you make an informed decision.
Remember, DYOR is not a one-time process. Update your data regularly and follow project news.
Today DYOR will tell you one thing, and tomorrow, with the emergence of new facts or triggers, the situation may turn 360. I would say that you need not just DYOR, but “flexible DYOR”.
📌 Repost so as not to lose
