We are living in the era when so many projects are coming daily and most of the projects are highly exposed to a high degree of risk.
So, It becomes very necessary to evaluate reasonably before investing. Most of us don't have programing knowledge.
My article is mainly for those who don't have technical knowledge.
I pointed out some factors which makes easier for everyone to evaluate any project.
We all know, any assets value depends on it's demand and supply. I will point out factors were demand is generated.
Factors
1) Acceptability : First and most important factor is it's acceptability. More acceptability means more value.
You should see number of holders of that crypto. This can obtained very easily by viewing on explorer of that crypto.
You should visit it's social media accounts such as Tweeter, Facebook, Telegram and closely oberve movements.
2) Business model of the project : Very important factor which decide the future of the project. Note down which services they are offering and compare with similar projects. If they are offering something new then it may be worth to invest.
3) CEX listings : CEX listings increases the demand of that crypto and ultimately increase in price. Big CEX like Binance listings increases more demand. CEX listings must be tracked. It may be known from it's roadmap or social media notifications.
4) Earning opportunities : Most of the project offers Staking, Liquidity and Farming even Play to Earn projects offers this services. Closely oberve APY status. Higher APY normally leads to higher dumping risk. You should also see the farming pools projects tokens. It's future mainly depends on project they lists on their launchpad. If they are not listing good projects it will not survive.
5) Burning : Burning results in lowering supply and ultimately increase in value.
Thank you for reading.
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