๐ง How to Analyze a Token Before Buying on Binance
Buying a token without research? Thatโs gambling, not investing. Hereโs a quick guide to analyzing a token before you hit โBuyโ on Binance:
๐ 1. Check the Projectโs Use Case
Ask yourself: What problem does this token solve? A strong token usually supports a real product, service, or ecosystem.
๐ 2. Look at Tokenomics
Total Supply vs. Circulating Supply
Inflation rate or token burns
Allocation (team, investors, community)
Bad tokenomics = unsustainable price.
๐ฅ 3. Team & Community
Research the teamโs background. Are they public and credible? Check community size and engagement on platforms like X (Twitter) and Telegram.
๐ ๏ธ 4. Development Activity
Visit GitHub or project trackers like CoinGecko. Active development is a good sign. Dead repos = red flag ๐ฉ
๐ 5. Price History & Market Cap
Avoid buying at the top. Study historical price action and market cap. Low-cap gems may offer growth, but come with risk.
Final Tip: Always DYOR (Do Your Own Research). Donโt rely on hype. On Binance, great tools and info are already at your fingertips โ use them!