After a 100X crypto? These are what needs to be assessed before investing.
- Team and Leadership: A good team with a great leader is what it takes to make a project successful. You invest in the people. If people working on the project aren't experienced enough and credible, things will never work. No vision can be translated into the reality without having a great team on place.
What to look for in a team:
a) Size of the team - The bigger the better
b) Diversity (background) - More diverse more better
c) Experience & Education- Each member's previous work experiences and Education (Linkedin crosschecks)
d) Leader - Experiences and achievements.
Mission and Vision
The second most important thing to consider is 'what the team is trying to achieve' and 'how they are going to achieve'. You need to carefully analyse whether the plan is achievable within the given timeframe.Roadmap
How practical and realistic their roadmap looks, whether works being done according to the roadmap.Progress/Github
Whether they have done any work on implementing their vision. You should check their Github activity. Has there been regular updates and who are the people doing the development works.Social network activities and engagements
How active are they on social media? Are they regularly helping their members when necessary?Market Cap
It is very unlikely to achieve 100X if a project is already valued over $1 billion. Its because it already had its 100X. I recommend you to look for something below $50 million market cap. The lower the market cap, the higher the risk. Again, no risk, no return.
Never FOMO, always do extensive research before investing.
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