HOW TO KNOW A GOOD CRYPTO PROJECT REVIEW
Knowing a good crypto project with visions and am ition to solve blockchain problems have been the strongest experience of some new cryptocurrency users ; there are factors to check before diving into cryptocurrency landmark for investment; they are such as :-
Total Supply:This is the most crucial part of your findings when indulging in cryptocurrency investment planning; it will be recommended you seek and find the social presence of every project you are indulging in to invest your hard earned money; the total supply of a cryptocurrency determine how long or short a project will take for their assets to be scarce and valuable because a cryptocurrency price and it total and circulating supply work together; are you making the move of buying assets or mainstream cryptocurrencies or even defi tokens ? then join their social presence(twitter,facebook,discord and instagram) to demand for their distribution method; vesting possibilities or impossibilities, circulating supply, maximum or total supply and tokenomic before diving in.
Bearish Time:The term bearish was formed in cryptocurrency world which they use to describe buying opportunity time and it's the best time to indulge in buying any asset of your choice(meaning getting in early)which can yield high profit in future when the project backing up the token or coin commence something like partnership, marketing, listing on top 10 centralized exchanges(eg binance)and altogether listing at decentralized exchanges where the token or coin will be tradeable; during bearish time in cryptocurrency world prices of all cryptocurrencies including their father(bitcoin)are usually in red mode cos some users do panickly sell as a result of fudding.
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Bullish Period:Yes it's called bullish because it's when the sell call to action button is usually pressed by the users or community members to make a profit from their invested funds irrespective of you being a long or short term coin or token holder; hearing someone saying in cryptocurrency world about being bullish, he or she is talking of being an advantager of a particular asset, though in this period many holders sell but not because of fudding but due to their reach of price target; price do plummet on this period of time which is regarded as temporary fall in price which the cryptocurrency professionals sees as opportunity to buy or dive in; in short description it means bullish trigger to bearish and bearish trigger to bullish.
Whitepaper:Whitepaper play a vital role in blockchain when you come across a very new blockchain project that have come to solve the problem bitcoin failed to solve; a project's whitepaper indicates or outline how the token or assets will be distributed among the investors, community members and the core teams and it didn't end there cos it also move further to explain the core team behind the blockchain project and the method which will be used to validate transactions(consensus mechanism)in the network.
Whitepaper:Whitepaper play a vital role in blockchain when you come across a very new blockchain project that have come to solve the problem bitcoin failed to solve; a project's whitepaper indicates or outline how the token or assets will be distributed among the investors, community members and the core teams and it didn't end there cos it also move further to explain the core team behind the blockchain project and the method which will be used to validate transactions(consensus mechanism)in the network.
Tokenomics:Whitepaper play a vital role in blockchain when you come across a very new blockchain project that have come to solve the problem bitcoin failed to solve; a project's whitepaper indicates or outline how the token or assets will be distributed among the investors, community members and the core teams and it didn't end there cos it also move further to explain the core team behind the blockchain project and the method which will be used to validate transactions(consensus mechanism)in the network.
Conclusion
To conclude on this article i will be recommending that you do sufficient research before investing in any project for your portfolio increasing and don't forget that we as bloggers don't issue financial advice for any kind; invest at your own risk since cryptocurrency investment involves a lot of risk due to it price volatility.
