Before you buy any new cryptocurrency... you must think about 5 very important things

1. The founding team and technical background

Ask yourself: Who is behind the project? Are there any recognized names in the crypto field? Do they have successful projects before? Or is it just an unknown team with no transparency? Having a trusted team gives you security and confidence in the currency's continuity.

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2. The problem the currency solves

Does this currency have a clear goal? Does it provide a new solution to an existing problem in the market? Or is it just a duplicate version of other projects? The more it has a new, strong, and real solution, the higher its chances of success.

3. The tokens and their distribution

Know the token distribution well... Does the team hold a large percentage? Is there a vesting period that prevents them from selling quickly? Projects without clear vesting can experience a 'dump' at any moment.

4. The platforms it is available on

Is the currency only available on small and unlicensed platforms? This is a big risk. You need to ensure it is available (or at least on its way) to reliable platforms like Binance, as this shows confidence in the project.

5. Liquidity and daily trading volume

The lower the liquidity, the higher your risk. Because you might not be able to sell whenever you want. Monitor the daily trading volume and see if there is actual movement? Or is the currency stagnant with no interest in it?