Hello!
I want to know how you choose projects for investment?
At the moment I'm focusing on the Near Protocol.
I bought it back in early April and don't miss the chance to mention it.
What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook)
2. Strong community (more than 100k on Twitter and a very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross-chain)
4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
you also have to look at the progress of the project, because in my opinion one of the factors that makes the price can increase is that the project always has progress, therefore if the project you are investing has a progress and runs according to the roadmap, then I think the price will definitely increase very high and success.
There is no point in joining projects that have no prospects for the future. It is important to study the project development team, perhaps these people have already done successful projects and can be trusted. For successful participation in the project, I also study the opinion of competent and respected people of the cryptocurrency world. It helps a lot to make the right decision and not to miss the benefits in the future.