Many traders rely solely on others' analyses, but did you know that the best profits come when you understand the project yourself?
The principle of "Do Your Own Research" or DYOR means you study the coin, read the white paper, understand the use of the token, and examine the team and partnerships.
Only then can you differentiate between a promising coin and a "scam." Start by reading the project's website, follow them on Twitter, and watch the code's development on GitHub.
Knowledge is power in the crypto market, and every minute you spend researching can save you from significant losses or give you a golden opportunity.