๐ How to Research a Coin Before Investing (Beginnerโs Guide)
Doing your own research (DYOR) is super important before putting money into any cryptocurrency. Here's how beginners can research wisely:
1. ๐ Read the Whitepaper โ Understand the coinโs purpose, tech, roadmap, and how it works.
2. ๐ Visit the Official Website โ It should be professional, updated, and secure (look for HTTPS).
3. ๐ฅ Research the Team โ Check LinkedIn or Twitter to ensure real, experienced people are behind it.
4. ๐ Check CoinMarketCap or CoinGecko โ Look at price history, market cap, trading volume, and supply.
5. ๐ง Understand the Utility โ What real-world problem does this coin solve?
6. ๐ Audit & Security โ Was the project code audited? Any history of hacks or scams?
7. ๐ข Community & Socials โ Active users on Twitter, Telegram, Reddit = good sign.
8. โ ๏ธ Avoid Red Flags โ Promises of โguaranteed profitsโ or โno riskโ are big ๐ฉ.
๐ฏ Golden Rule: If you canโt explain the project simply, donโt invest in it!
$USDC