How do you avoid bad projects and currencies that might collapse?

Many people enter projects or currencies, and after a few days, they discover it was a trap! Either it drains liquidity, collapses, or even gets removed from the platforms. So here we will give you some advice in our dialect and in a simplified manner.

Don't fall into the trap.

First, I don't mean the currency #Om exclusively, as I see what happened to it as normal and it had to happen!?? Why is that?

First, the team owns a large number of currencies.

Secondly, the currency has been on the rise for a while and has made many profits for many people who participated in it.

Thirdly, the chart was unhealthy and most of it was a rise without even periods for offloading quantities, so it was all offloaded at once.

Why is what happened to it normal!? Because many projects have the same percentage, but at least the project achieved a significant rise despite the market's exhaustion.

And now we present some tips to avoid entering projects that may be on the verge of collapse.

First, don't enter a project just because it's trending.

If you see a currency trending, it doesn't mean it's excellent. Many people enter just out of 'FOMO', and then the price drops on them.

Advice: Always ask yourself: "Why do I want to invest? Is there a real project?"

Secondly, examine the tokenomics.

Is there a fair distribution?

Are the developers holding a large percentage?

Is there a burn for the currency?

These are simple but important questions.

Example: If you find 25% of the tokens with the team, beware!

Thirdly, monitor the team's channels and community.

Are there people who speak realistically?

Or is it all just offloading and promises? The community reflects the project's credibility.

Fourthly, use verification tools.

Like.

Token Sniffer.

DexTools.

CoinMarketCap Tag Monitoring.

Fifthly, will my currency clarify its status under watch on Binance?

Binance cannot list any currency under watch unless it meets one or all of these conditions.

High price volatility.

Technical issues.

Regulatory fears.

Liquidity decline.

The team is not developing the currency.

In conclusion, the most important summarized advice.

Diversify your investment across multiple sectors and from each sector how many currencies.

Research the project well, just as I explained to you.

Don't be stubborn and stay in a project with any of the indicators I wrote above.