MultiversX Tracker is Live!

What do you look for in a project when carrying out your research

All Cryptocurrencies

by COINS NEWS 125 Views

When you're carrying out research for a coin (no FOMO), what do you look out for. Maybe a better phrase is what characteristics do you for in a project. I look for the following

  • What problem is the project trying to solve?
  • Who are on the management / development team and what is their background?
  • Is it decentralized?
  • How many transactions can it handle?
  • What has the growth been like? (Track mentions on reddit, twitter. Check transaction growth)
  • On chain analysis - I check for metrics such as average hodl time, % of transactions in profit / loss, Supply Held By Exchanges, Supply flow in / out of Exchanges)

I think these are good things to look into, but I'm wondering what else I could add into my research. What have been the most crucial metrics that cause you to invest your money in projects.

submitted by /u/cryptometav
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments