Read on Twitter
Fundamental Analysis ChecklistI see man promoting “gems” in this space with little further info than “its only at a XXX marketcap”
Made a short thread on how to research on your own with some basic filters
About
-What does the project do? If nothing, walk away
-Can the project be copied? First movers ALWAYS have the advantage with anything new/unique...if its the 3rd/4th clone, leave it alone
-Will the project ever make money? If it has no revenue streams it will die over time
-What does the project do? If nothing, walk away
-Can the project be copied? First movers ALWAYS have the advantage with anything new/unique...if its the 3rd/4th clone, leave it alone
-Will the project ever make money? If it has no revenue streams it will die over time
Tokenomics
-Are team funds labelled and transparent? If not, ask the team to label these
-Are premines locked/vested? How long is lockup?
-Look at the contract creation and follow any trails using the FREE ledger available
-Follow the coins, watch top holder movements
-Are team funds labelled and transparent? If not, ask the team to label these
-Are premines locked/vested? How long is lockup?
-Look at the contract creation and follow any trails using the FREE ledger available
-Follow the coins, watch top holder movements
Team
-Is there a registered company/foundation with info on the website?
-Does the team produce regular financial reports on how funds are used?
-Team delivered on milestones/built the platform?
-Look at strategic parnerships the company makes
-Are they hiring?
-Is there a registered company/foundation with info on the website?
-Does the team produce regular financial reports on how funds are used?
-Team delivered on milestones/built the platform?
-Look at strategic parnerships the company makes
-Are they hiring?
Code
-Is the code/platform open source?
-Has the contract/platform been audited?
-How regular is the audit?
-Is there a dedicated security team for the project?
-Is the code/platform open source?
-Has the contract/platform been audited?
-How regular is the audit?
-Is there a dedicated security team for the project?
Community
-How responsive are the team in Telegram/Discord
-Is the website multilingual? Are there international communities?
-Check the projects Twitter to see who's following
-If it says "not followed by anyone you know", you are onto something
-How responsive are the team in Telegram/Discord
-Is the website multilingual? Are there international communities?
-Check the projects Twitter to see who's following
-If it says "not followed by anyone you know", you are onto something
Price
-Is there any previous price cycle for reference? The best pumps happen on initial price discovery
-Use platforms such as Astro and Dext tools alongside price charts
-Check volume:market cap ratio for an indication if its in pre pump cycle or during distribution cycle
-Is there any previous price cycle for reference? The best pumps happen on initial price discovery
-Use platforms such as Astro and Dext tools alongside price charts
-Check volume:market cap ratio for an indication if its in pre pump cycle or during distribution cycle
Conclusion
There are over 5k new projects that come out every year in crypto
-Only takes a handful of good picks a year to pay you handsomely.
-Take your time when investing your hard earned crypto into new projects
-We are all gonna get hella rich
There are over 5k new projects that come out every year in crypto
-Only takes a handful of good picks a year to pay you handsomely.
-Take your time when investing your hard earned crypto into new projects
-We are all gonna get hella rich
