7 𝐓𝐢𝐩𝐬 𝐓𝐨 𝐋𝐨𝐨𝐤 𝐎𝐮𝐭 𝐟𝐨𝐫 𝐖𝐡𝐞𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐈𝐧 𝐂𝐫𝐲𝐩𝐭𝐨

It is very difficult most times finding a Crypto project that will be profitable on the long run but...

With these seven (7) tips below, you will find it easy to do so henceforth.

Before you continue…

Tap on my profile icon and follow me then share this post to help me get to 1K followers to support my work. Thank you fren.💙💙

Now, let's dive into it...

1️⃣Whitepaper and Project Purpose:

This outlines the project's goals, technology,

use cases, and potential benefits. 

It also assesses whether the project has a clear purpose, a strong value

proposition and whether it addresses a genuine

problem or market need.

Moving on...

2️⃣Team and Advisors:

Evaluate the team behind the crypto project. 

Check their expertise and see if they're experienced.

Those who are experts and have a track record in the industry. 

Check their previous projects, or involvement in the crypto community. 

To the next point...

3️⃣Technology and Innovation:

Evaluate the cryptocurrency's underlying technology. 

Consider if it's scalable with top security audit,

Whether it's decentralized (uncontrollable) and

unique features or innovations it offers.

Look out for partnerships or collaborations that...

enhance the project's credibility and adoption potential.

Let's move further...

4️⃣Community and Adoption: 

Examine the cryptocurrency's community and user base. 

Check if there is an active and engaged community supporting the project.

Look for indications of adoption, such as:

↪️Partnerships with established brands,

↪️Integrations with other platforms, or

↪️Usage by the real-world users.

To the next point...

5️⃣Tokenomics and Supply: 

Understand the token economics and supply states of the crypto. 

Consider factors such as the total supply, distributed and 

how tokens are used within the project's ecosystem.

Evaluate if the tokenomics incentivize

long-term value creation and utility.

Let's proceed...

6️⃣Funding or Seed Raised: 

Consider factors like funding raised, allocation of funds and 

transparency in financial reporting. 

Financial stability and sustainable funding can be indicators of a more solid project.

To the last point...

7️⃣Regulatory Environment:

Find out if the projects comply with existing regulations and

any potential impact on its future operations.

Assess the legal and regulatory risks with the project and 

the areas it operates in. 

Below is your BONUS point for hanging out with me to this stage my fren!

BONUS POINT:

News and Updates: 

Follow the official project social media channels for..

announcements, community discussions, and news.

These sources will give you insights into the projects:

• Progress

• Partnerships

• Potential risks

• Technological advancements

As long as investing takes understanding the fundamentals as explained above, it also takes wisdom to take profits when the market is excited and invest when it is scary. - Michael Akerele

Which of these points did you consider most important when investing

in Cryptocurrencies for long term profits?

Share it with me in the comment

section below.

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PS: Crypto market is very volatile and comes with risks, don't invest without proper knowledge or right mentorship as a beginner.

𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆

© Michael Akerele (#AwesomeMike)

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