HOW TO DO YOUR OWN RESEARCH ON ANY CRYPTO/NFT PROJECT
A Thread π§΅, Rt for others
A Thread π§΅, Rt for others
Look before you leap for as you sow, ye are likely to reap - Samuel Butler
Looking before you leap is the main essence of research, so you wonβt fall in to some rug or be investing blindly
Research is the collecting of information about a particular subject - Merriam Webster
Looking before you leap is the main essence of research, so you wonβt fall in to some rug or be investing blindly
Research is the collecting of information about a particular subject - Merriam Webster
Now how do you make research about crypto projects? Ride with me ππΎ
1) Look for the project whitepaper: this consists of everything about any crypto/NFT project, the utility, supply, roadmap etc, the first step of making a research is to look for this whitepaper and digest it
1) Look for the project whitepaper: this consists of everything about any crypto/NFT project, the utility, supply, roadmap etc, the first step of making a research is to look for this whitepaper and digest it
- Who are the team behind this project?
A project is only relevant when it has an upright & a determined team, so once a team to a project is a good one, you can be less worried, your money is in safe hands. You can find the list of team members in the project whitepaper.
A project is only relevant when it has an upright & a determined team, so once a team to a project is a good one, you can be less worried, your money is in safe hands. You can find the list of team members in the project whitepaper.
- What is the community saying about the project?
The foremost part of every crypto project is community, once the community has a good feeling about the project, it is MOSTLY a good one, a large number of people wonβt vouch for rugsβ¦
The foremost part of every crypto project is community, once the community has a good feeling about the project, it is MOSTLY a good one, a large number of people wonβt vouch for rugsβ¦
Most crypto Community can be found on Twitter, Discord or Telegram
- Tokenomics: What is the supply? What is the demand? Is there a burning mechanism? What is the token distribution like? All this questions are to be asked when it comes to tokenomics research
- Tokenomics: What is the supply? What is the demand? Is there a burning mechanism? What is the token distribution like? All this questions are to be asked when it comes to tokenomics research
Who are the people backing this project or who are the people buying this project: If some whales are buying a particular project, you might want to get in too for quick gains cos it might lead to a rise in price. You have to be careful doing this tho, donβt get dumped on π€πΎ
- Is this a long term or short term play? This is an important question to ask yourself after making your research. Donβt hold when you are supposed to sell and donβt sell when you are supposed to hold. You canβt be perfect tho but you can at least try π«
When it comes to NFTs you can use tools like icy.tools, Nansen.ai, solseeker.xyz, hellomoon.io and your Twitter search bar to see what is trending, there are some NFT bots on Twitter too eg @SolseekrBot @spr3adsh33t etc
icy.tools
icy.tools | NFT Tracking, Discovery, and Market Insights
The best all-in-one NFT analytics platform. Get real-time sales, floor, and volume data β discover,...
Nansen.ai
Nansen | On-chain Insights for Crypto Investors and Teams
Nansen is your complete crypto and NFT analytics solution. Get enriched blockchain data, analytics,...
solseeker.xyz
hellomoon.io
Solana NFT Stats | SOL NFT Tracker | Hello Moon Analytics Explorer
Explore our top SOL NFT projects leaderboard, daily mints, owners growth, trending prices, marketpla...
When it comes to crypto/NFT research, you can use @CoinMarketCal @CoinMarketCap @coingecko, defilama, Twitter, Binance academy, Google is your friend also π
There are also some Twitter accounts that drops good amount of crypto/NFT research on the TL, you can find them & follow them up
What other factors to make research on a project is missing out in this thread? Add yours in the comments
Also make sure to RT & share to your friends who might need this knowledge
Donβt forget to follow me more threads too π
Also make sure to RT & share to your friends who might need this knowledge
Donβt forget to follow me more threads too π
My previous thread, you might need π
Thanks for reading
Thanks for reading
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