👉🏻Team & community: If the team members have built a previous tech company before? Good.
Have they sold it, even better!
Another important factor is the community.
Always check with Telegram/Reddit of a project you’re looking at
Everything might look great from the outside but be rotten from the inside
The community is a group of silent coin ambassadors and if most of them are unsatisfied with where a project is heading it should be a red sign for you
👉🏻Token velocity: If you make an investment, at least 50% of the tokens should be staked or locked up. If it’s less than that, it’s not such a good investment.
👉🏻Trend is your friend: Usually, there’s a time of a certain trend in crypto like NFT, DEFI, RWA, Memes, Gaming or mixed. During that time look for projects that belong to the trend category or you might be left behind.
👉🏻A good entry point: Always look at the chart history before investing.
What was the all-time high and all-time low?
What was the last major support zone?
Where is the next resistance?
How strong momentum should be to push towards the resistance?
If there’s no resistance, where’s the next Fibonacci zone?
All these questions should be answered, especially if you’re looking to invest in a coin with rich trading history
👉🏻Great tokenomics: This is the most important factor.
Without a proper economic model, a coin simply can’t sustain a healthy growth rate.
What to look for in tokenomics…fixed supply, holder’s incentives, regular buybacks(or burns)
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