Before You Buy a NEW Coin, Do These 3 Things! 🧐
Everyone wants to find the next 100x crypto gem, but investing in new coins is very risky! 💎
Before you even think about buying a new, low-cost coin, you MUST do your own research (DYOR). Protect your money by following these three simple steps first:
1. Read the Story & Check the Team 👨💻
Go to the coin's website. Does their idea make sense? Is the team public and known? If the team is anonymous, that's a big red flag! 🚩
2. Check the Community 🗣️
Join their Telegram or Twitter. Is the community real and active, or is it full of bots? A strong, engaged community is a very positive sign for any project.
3. Look at the Numbers (Tokenomics) 🔢
How many coins are there? Does the team own too many? Look for projects that are fair and transparent with how they distribute their coins.
Never invest more than you are willing to lose, especially in new projects. Stay safe!
What is your #1 rule for researching new coins? Share it in the comments below! 👇
