Post
Topic
Board Altcoin Discussion
Re: What did you look out for before investing in an altcoin?
by
Bitcoin Seller
on 29/08/2021, 03:49:08 UTC
What do you usually look out for before picking tokens/NFT project for mid-term or long-term investment?
1. team behind the project?
2. type of blockchain?
3. real-world use-cases?
4. partnerships?
5. period of existence?
6. Stability of the token/NFT project(https://t.me/emit_protocol)?

If we are talking about mainstream altcoins that are well-known among all crypto participants, I look only at the general mood of the crypto market and at its current price.
But if we are talking about new ones, it is a good thing if you can understand smart-contracts. Knowledge of coding and specifically the language of smart-contracts (Solidity) is a good way to save your money from scammers. You should learn how to investigate smart-contracts. You can check the availability of mint, migrate functions etc