Dogecoin, how to judge the quality of a project? 🐕💰
In the currency circle, choosing the right native dog project is the key! The following is a summary of some practical experience to help you judge the standards for native dog projects:
1⃣ The more contract addresses the better, at least 3 or more. Multiple addresses mean projects are more dispersed and risk is lower.
2⃣ There is an official website, Twitter, Telegram, Facebook, white paper, code open source, and GitHub code updates. These prove the transparency of the project and the strength of the development team.
3⃣ Less airdrops, no pre-sales, private placements, or IDOs, so everyone is on the same starting line. Both fairness and market demand are important.
4⃣Dextool score is higher than 95. This is an important indicator that the project is recognized by the market.
5⃣ The pool is above 100,000U. A large pool means more liquidity and a better trading experience.
6⃣ Most currency holding addresses are integers, which may mean that the project has supporters, but it may also lead to short-term price fluctuations.
7⃣ LP must be locked. The longer the time, the larger the amount, the better. This is to protect the interests of investors and reduce potential risks.
8⃣ The higher the community activity, the better. Observe the authenticity in the community to see if there is regular communication and whether it is just to get people to buy in.
9⃣ The information disclosed by the project party must be true. Check the profile of the person in charge to see if they have multiple work experiences and if there are any real interactions.
🔟 Don’t imagine that you can get rich by holding a Dogecoin for a long time. This situation is difficult to achieve, 99% of the time it is the experience of cutting leeks. Sell when it rises several times, don't be greedy, and look for the next opportunity.
Choose wisely and invest wisely! 🔍💡