NO ONE TILL YOU....
2 minutes can change your life, read
INTRO:
Do you know that cryptocurrencies are over 20,000 according to CMC, which can make it hard to find the good ones. But don't worry, I have a system to help me find the best ones and avoid the bad ones. Here are my 12 rules:
1. Strong fundamentals:
I look for projects that solve real-world problems and have a clear vision. They should have a unique value proposition and a demand in the market.
2. Experienced team:
I check the team's background, skills, and experience in the blockchain and cryptocurrency space. I prefer teams with business experience.
3. Active development:
I check the project's progress on GitHub or other public code repositories. If they don't have that, I look for regular updates on social media. I want to see a strong developer team.
4. Tokenomics:
I look at the token supply, distribution, and utility. I prefer deflationary tokenomics and staking mechanics.
5. Partnerships:
I look at the project's partnerships to see how healthy the ecosystem is and how business savvy the team is. Partnerships outside of crypto are a good sign.
6. Community engagement:
I want to see a vibrant and engaged community. It doesn't have to be big, but I want to see positivity on social media platforms like Telegram, Discord, and Twitter.
7. Roadmap and milestones:
I check if the team achieved its milestones in a timely manner. The roadmap should have big ideas that drive the price.
8. Transparency:
I want to see regular updates, communication, and open-source code or patents.
9. Liquidity & exchanges:
I prefer projects with good token velocity and not listed on certain exchanges. I want to avoid some exchanges as it can be a red flag.
10. Growth drivers:
I look for projects with an easy-to-understand value proposition and big narratives like AI or tokenization. They should solve a problem and have something big for the community to look forward to.
11.social research.
Use the social media as a simple indicator to know more about the team and there audience and purposes.
12.Market Research
Also do research in the cryoto markets websites to find more about their circulating and its blockchain explores plus verifeid contracts.
These are 12 rules, but sometimes there can be exceptions. Remember, it's important to do your research and not fall for FOMO or bias. Happy investing!.
