When you invest in any project in Crypto what did you look before investing?
I have checked:
Team
What are they offering?
What solutions they are providing?
What milestone have they achieved in the past?
Have they completed any promise?
Community
Social media research
Those are the point I checked before investing in any project.
Did I leave anything?
Also, What is the coins or tokens that are good right now? What are you HODL? Explain why you choose that?
Personally I invest in Phore, Chainlink, and LTC. Phore and Chainlink for my Defi craze and LTC and Bitcoin are my other bags.
What's your thought?
#Bitcoin #Binanace #Phore #Chainlink #Litcoin #Ethereum #Ripple #Defi #Blockchain #Crypto
These are what I always look out for in every project before investing, you stated them perfectly in my own understanding. However I would like to add that, partnership is always or rather also important because it shows the level of growth or how deep the project runs. Partnership also states how legit the project is, that is, the number of partners and their Potentials will speak volumes of the project.
As for my Defi projects, I do not see any I can hold now, because a lot of them were all moved by hype and as many comes up, attention moves from the previous to the current, thus causing a decline in the previous projects. Therefore I can participate in DeFi projects for the gains but can't hold for now, maybe when the hype have gone down and the level of seriousness of each Defi project is seen, then one can make good choices.
Additionally, in my portfolio always is Bitcoin, Ethereum and Ada.