5 Things to Check Before Buying Any Altcoin
Don’t get dumped on. Do your homework.
1. Token Unlocks
Before you ape in, check the vesting schedule.
If a massive amount of tokens are about to unlock, early investors might dump — creating huge sell pressure.
2. Liquidity
Market cap means nothing without liquidity.
Ask yourself: Can I exit a $10K position without slippage?
If the answer is no, you’re the liquidity — not the investor.
3. Real Use Case & Demand
What problem does this altcoin solve?
Is there real adoption, or is it just hype and fancy marketing?
No utility = no long-term value.
4. Team & Backers
Who’s building this? Are they doxxed? Trusted? Backed by credible names?
If the team is anonymous, has a sketchy history, or the project smells like a slow rug — run.
5. Smart Contract Risks
Has the code been audited?
Was it forked from a shady source?
One exploit or hidden honeypot can wipe your wallet. Check the audits, GitHub, and community feedback.
Final Rule:
FOMO is not due diligence.
If you don’t know the answers, don’t touch the coin.