Checklist for small cap cryptocurrencies or ICOs. Small projects with large returns.
Can you understand and explain the concept of the project?
Is this project easy to understand?
For instance Apple has captured a large share of the hardware and software digital space. Their physical products include the iPhone, iPad, iWatch, etc. They hold a large share of these products and the market itself is HUGE (people use these devices)
This is a very large market where only a small share can make a large impact (in the world and in your wallet as an investor)
So basically the above advice is from tech stock investing and how VCs figure out where to park their money.
Constantly ask yourself this question:
Is this just a popular trend or is actually solving a problem that blockchain technology will contribute to? For example for Robotics, AI etc.
But are they necessary for solving problems and how far away is the technology from real-world adoption?
Remember to do your own due diligence as this is not financial advice!
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ties, Crypto, and ICOs have inherent risks and possible rewards. Good luck!