Doing your DYOR (Do Your Own Research) in the world of crypto investing is essential to making informed decisions. Here are some steps to follow:
1. Understand the Basics of Crypto
- Blockchain Technology: Familiarize yourself with how blockchain works and its applications.
- Types of Cryptocurrencies: Learn the difference between altcoins, stablecoins, and ERC-20 tokens. $ETH
2. Read the White Papers
- Review the white papers of the projects you are interested in. This will give you information about the technology, the team, and the goals of the project.