While the market is down, i will leave you with some old yet Golden Tips to consider on your research for gems 💎.
💠Does the token actually have some kind of required use case or use in the ecosystem, or is it just a cash grab by a company so they can have free money to build their products? And/ or get rich off of unneeded tokens ?
💠Team backgrounds: Do they have previous blockchain experience? are their faces public? If not , why ?
💠Circulating supply (and MCap )
💠Token release schedule , (amounts and time frames , how often are tokens released into circulation( team tokens seed or presale )
(The more tokens constantly put into circulation increases the mcap with the price staying the same and not rising, hence the less chance of gains and the more chance the price keeps dumping ) Any Node rewards? Lp farming rewards, amounts?
💠How many xs has it done from presale and or seed sale and what was the seed / presale price and what's the price now ( more xs its done the more likely there's gonna be constant sell pressure from seed / presale / IDO )
💠Is the chart relatively bottomed, or has it done 3x 5x 10x in the last weeks or months, and / or is it near all-time highs ? If so, 99/100 times it's a no-go
💠How big are the top wallets on etherscan or other block Explorers that are normal peoples wallets that are not locked in smart contracts ( bigger the wallets potentially the more sell pressure as they dump constantly after they are 3x 5x 10x up )
💠Is there a live working product or live testnet with mainet coming any time soon ?
💠Is the roadmap busy and plenty on the way? ( normal people only stay excited if there's a lot of news on the way to keep them entertained, or they sometimes dump and move on )
💠Is the team active on telegram and / or social media to keep the investors interested and update product progression ?
💠Marketing outside of social media like X telegram... Sometimes, tweets to the same audience won't cut it
💠Partnerships: Is anyone using / integrating the products or will in the future ? If so, have you looked deep enough to see if the partnerships are legit ?
💠Competitors market caps (for potential price and mc TP sell targets)
💠Website: Is the UI / Graphics decent, or does it look like a 12 year old made it in 1 hour ? Does the website have the links to buy the token the first thing you see and linked everywhere ? If so, it can be a red flag for me
💠Narrative: Is the project within the current narrative cycle/trend. if so is the narrative a short lived hype cycle that will come and go or an ongoing longer term narrative like L1 blockchains, privacy, AI this can be difficult to grasp and is important to get right to understand if you will only hold this for a few X and sell or keep the project for months )
💠Community: Is there an active community shilling the token if no because it's under the radar currently? Do you see the project and narrative becoming a hit and a community formed
💠To save time when researching, a few red flags immediately viewable on CoinGecko are:
🚩 Sub $50k volume (there’s usually a good reason why no one is trading it)
🚩 3 year old project (there’s usually a good reason why they haven’t gotten noticed after years)
🚩 Project's has been on the market for 6-12 months and still only on Uniswap or Pancakeswap (legit projects always work towards CEX listings)
🚩 Viewing the chart, it’s already had multiple pumps and dumps, or it had one just recently. Try to find things that look like this: \_._._ and not like this: \/\/\/\_
These are just red flags you can see by looking at coingecko. There are many more that are covered above.
Check the tweet below for continuation 👇