Basics of parsing coins: simple and straightforward

Do you want to understand crypto? Catch a super simple guide! 💪

1. Google the coin 🔍

Enter the name of the coin into the search and read everything you find. The more information, the better.

2. Why is it needed? 🤔

Understand whether the coin solves any real problems. Cheap transactions, help in sending crypto, voting rights or exchange coin like Cake, BNB, BSW. If all you find is “she’ll grow up soon,” forget it. This is slag. 🚮

3. Investors 💼

Find who invested in the coin. Binance or Coinbase are cool. Unknown funds are a minus. Google and check their reputation.

4. Social networks 📱

Open all social networks of the coin, especially Twitter. If they constantly post and update something there, that’s a plus. Two posts in a year? Abandoned project, pass by.

5. Exchanges 📊

Check which exchanges the coin is traded on. Binance, Bybit, Huobi are good. If the coin is nowhere to be found, bad.

6. To be continued...📈

IMPORTANT! All clauses have reservations and exceptions. Even if everything comes together, this does not mean that the coin is 100% cool. 🦾

So don’t take everything for granted, filter the information and think with your own head. #Green_lamp Check and analyze! 💡#Bitcoin #BTC $USDC $SOL $ETH