"What is the most important factor to evaluate a crypto project? 🤔"
For me, the most important factor in evaluating any new project is its purpose or utility.
Think of a cryptocurrency as a tool. A good tool, like a hammer, has a very clear purpose: to drive nails. If someone sells you a tool that has no defined use, would you buy it? Probably not, because you know it is useless.
The same goes for cryptocurrencies:
A good project has a clear purpose. Its token has a real use, such as paying for a service, giving you the right to vote on platform decisions, or serving as collateral.
A bad project has no clear purpose. Its token exists only for people to buy it in the hope that its price will go up, without having any real utility. These projects often fail when the initial excitement fades away.
Before looking at the price, the advertising, or what they say on social media, ask yourself: "What problem does this project solve? What is this token used for in the real world?"
Imagine you are on the street and someone offers to sell you a bottle of water. You know what water is for: to drink when you are thirsty. Its purpose is clear, and that is why it has value.
Now, imagine that the same person offers to sell you a rock. What is the rock for? Can you drink it? No. The only reason you would buy it is if you believe someone else will pay you more for it tomorrow. It’s a simple bet; it has no real purpose.
A good project is like the bottle of water. Its token has a real and clear purpose. For example, it is used to pay fees or gives you the right to vote on project decisions. That is why it has real value.
A bad project is like the rock. Its token has no purpose. It is good for nothing except speculation. When people realize it is useless, its price drops to zero.
"What factor do you look at first before investing in something new?"
#FaseInicial #criptonews #inversioninteligente #Inversiones
