🔸 📌 Check the project's website
Any cryptocurrency worthy of investment should have a reliable and updated website 🌍, containing clear goals, team information, and a technical document (White Paper) 📄.
🔸 📖 Read the technical document (White Paper)
This document is the roadmap for any crypto project, explaining the currency's goals, tokenomics, and distribution system 📊. Its absence or errors in it are a significant warning sign ⚠️.
🔸 📲 Follow social media platforms
Check the project's community engagement on Twitter, Discord, and Reddit 🗣️. A strong project means active management, clear answers, and an engaged community, not just exaggerated marketing announcements 🚨.
🔸 👨💼 Analyze the team and partnerships
Successful projects are led by well-known teams in the blockchain field, and often have partnerships with major companies like Google, Amazon, and Visa 🔍. Beware of projects that hide the identity of their team or exaggerate partnerships without proof.
🔸 📊 Evaluate market indicators
Review the market cap, daily trading volume 📈, and the available supply of the currency. Coins with high trading volume mean strong liquidity and greater stability 💰.
🔸 📉 Review price history
Watch price movements over time 📊. Be cautious of coins that have experienced sudden spikes and rapid drops, as this may be a sign of fraudulent schemes like 'Pump & Dump' or 'Rug Pull' 🚨.
🔸 ⚡ Look for the real utility of the currency
Not all cryptocurrencies have value! 🔍 Ensure that the project solves a problem or adds value, like Ethereum which supports smart contracts and NFTs, or BAT which is used in advertising.
