Understanding the Project: Identify what problem this altcoin addresses in reality and whether there is a real demand for that solution.
Comparison with Competitors: Evaluate how this altcoin compares to existing solutions, both in and out of the cryptocurrency space.
Experience and Reputation: Learn about the platform, the experience, and the working history of the development team. Check if they have succeeded with previous projects.
Transparency: Is the team transparent about the identity and qualifications of its members? How many developers are actively working on the project?
Detailed Information: The whitepaper provides information about the technology, goals, development roadmap, and economic model of the project.
Feasibility: Assess the clarity and specificity of technical explanations, the reasonableness of the development roadmap, and the transparency of tokenomics. Be wary of vague descriptions or unrealistic promises.
Supply and Distribution: Consider the total supply of tokens, how tokens are distributed (to the team, public sale, etc.), and whether there are mechanisms to control inflation.
Token Lock: Is there a token lock-up period for the development team, which can prevent sudden sell-offs?
Market Capitalization: The total value of all tokens currently in circulation.
Liquidity: The ease of buying/selling tokens without significantly affecting the price.
Trading Volume: The number of tokens traded daily.
Price History: The performance of the token over time.
Community Activity: The scale and level of interaction of the community on social media, forums, etc.
Partnerships: Collaborations with reputable companies or organizations can enhance the adoption and utility of the project.
Real Utility: Evaluate the data on the real-world application and usage of the altcoin.