The crypto market is full of opportunities... but it's also full of fake projects that collect money and disappear.

Before you buy any new currency, take a minute and ask yourself:

1. Who is behind the project?

Is the team known and have a history? Or is there no clear information about them?

2. Is this currency actually being traded by people?

Meaning: is there a decent trading volume? Or is the liquidity weak with no real demand for it?

3. Does the project solve a real problem?

Or is it just a nice idea on paper? See if there is actual use and people talking about it seriously.

4. Is this currency compliant with regulations?

If the project is avoiding regulations, that's a big red flag.

5. Have you read the Whitepaper?

You don't have to be an expert, but you need to understand the general idea: the goal, the technology, the expansion plan.

Not every new project is worth investing in...

But those who take their time analyzing have a much greater chance of finding gems amidst the crowd than those who buy just because they heard the name of the currency on TikTok!

#Exaado #Binance #exaado #binance