How to Know the right crypto project to invest in

[Johnyz]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Start at the top, look at the top 20 list of good coins/tokens then analyze where to invest, I usually focus on them because I know they have a better chance to rise again, and they are already proven and tested. If you look at a smaller project, then the risk is very high so to be safe just invest first on the top options. Many wants to invest on a good project but forget to have their own analysis, if you really want to get some profit analyze on your own.

[goaldigger]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

There’s a lot of fake projects out there and if you are a newbie, its safe to say that you focus on the top list based on their marketcap, the good coins are listed their and you just need a few analysis before investing.

Also, have a list of your own standard on looking for a good project, personally I look on a project based on their Security, network, usages and the services they offer to the public, if I see great potential with them, then that is the time for me to invest some and setup my target price along with my cut off price.

[Fatunad]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

There’s a lot of fake projects out there and if you are a newbie, its safe to say that you focus on the top list based on their marketcap, the good coins are listed their and you just need a few analysis before investing.

Also, have a list of your own standard on looking for a good project, personally I look on a project based on their Security, network, usages and the services they offer to the public, if I see great potential with them, then that is the time for me to invest some and setup my target price along with my cut off price.

If we do consider on how many projects in the market
If we do consider on how many newly launched projects in the market
If we do consider on how many low-cap projects
If we do consider still on ICO projects

Then it would really be giving out that vibe where we are really that confused on choosing
the best one. So i could say that choosing project does really need some mix of luck because even
good projects doesn't really successfully able to get enough support.

[Yamifoud]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

That was very unfortunate - too bad to say that it was too hard to tell as these new projects are mostly scams.
Even having a deep search, checking their roadmap, whitepaper, team, project development, and its transparency - it is no way we can tell that a particular project is legit, that project is good for investment. It is unsecured to invest in them that is why I suggest not putting our money there but instead choosing Bitcoin and some of these leading altcoins as we know that they are working already.

[DoublerHunter]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

That was very unfortunate - too bad to say that it was too hard to tell as these new projects are mostly scams.
Even having a deep search, checking their roadmap, whitepaper, team, project development, and its transparency - it is no way we can tell that a particular project is legit, that project is good for investment. It is unsecured to invest in them that is why I suggest not putting our money there but instead choosing Bitcoin and some of these leading altcoins as we know that they are working already.

^ Investing in crypto seems like gambling to me.
Because not all projects turn into scams, there are some of them that can be profitable in the future but the problem is how we can spot a good one that seems also like a scam projects like a legitimate one. So if you want to take a risk and invest in them you should know already that possible you will lose your fund. Dont expect a huge project if you trust the project, we cannot easily determine whether them which are scams or legit, some of them seem good to be true but in the end, they will disappear.

[AakZaki]

Don't make it hard and bothered yourself to think about these thousands of shitcoins in the market, why not choose those old coins like BTC and ETH? You are somehow not wasting your time at all. It is not necessary anymore to dig deeper and look for potential coins among the number of new projects, you will get tired of looking at them but never find any ( or you may have but it was not sustaining).
You'd rather choose those projects that already have credibility, and you will make a profit right away. 

BTC and ETH are no doubt, everyone will choose them to be a good long-term investment. However when one wants to take part in some new crypto projects such as in private or public sale rounds, it will require thorough research to find out the authenticity of the project. The research will cover the whitepaper and roadmap of the project and the team involved. knowing the details will help to know the new project. Don't follow a scam project that will only take your money without any return.

[sulendra12]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

There are lot of stuff to consider before placing your money into those coins. Stuff like the community, the team, the reputation, how they keep making the coin stronger and stuff are one of the thousands things to search before investing on those projects. Because just like you said, we have hundreds of cryptos in the market where you could end up in losses by investing on wrong coins.

[Silberman]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Truth be told a great deal of all the coins that are being released each day are never going to have any kind of success and it is better for newbies like you to avoid them completely, and the reason for this is very simple not even experimented investors can tell which coins are going to be successful out of all the thousands of new coins that are released each year, they take a risk with several of those coins hoping for the best, but make no mistake they can still lose their money if they are not careful, and if that is true for those that have a lot of experience it is even more true for those which are relatively new to this market.

[adzino]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

By doing your own research. Learn about the project, about the team, about the community, how much active they are, how much they are giving, how much they are trying to progress and how well do YOU think the project has potential. Look for any BS on their whitepaper. And if someone says something is wrong with the project, make sure to pay attention because likely he might be right.

If you are confused, don't look for new projects. Invest in bitcoin and rest of the top altcoin. Hold them for long term and enjoy your profit!

[Shasha80]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

We have to do research and analysis into some projects that we consider potential, we have to invest in projects that we really know about.
Never spend your money on projects that are recommended by others but you don't know them. So don't choose projects based on recommendations
from other people, because these projects are not necessarily profitable for us to buy. Moreover, most influencers who promote new projects usually
only care about themselves, they will do anything for their own benefit, including promoting new projects that they have previously purchased.
So when we buy these new projects, influencers will immediately do dumping, as a result we lose money due to buying at peak prices and can not
be sold again. If you are a newbie and do not have good analytical skills,  you should choose an investment in top coins which are proven to be
safe because they have high demand, so the possibility of you making a profit when investing in top coins is quite large. The most important thing
when investing in top coins is to be patient waiting for the price to rise or waiting for our target to be achieved.

[TheUltraElite]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat.

Wrong, flooding the market with a bag of shitcoins is not equal to taking over fiat. Which local grocery store in your neighborhood accepts shitcoins over fiat? Answer is None. Therefore how do you explain your statement?

But the question now is how does one get to know the right crypto project to invest in?

If you want to make profit and dont have a problem with long term investments, then bitcoin is a no-brainer. Rest of the market you could do a lot of research and still get into a loss but bitcoin will never fail you, if you buy it at a low price and then sell at a high price.

No other project is the crypto world is more "right" than bitcoin itself.

[tvplus006]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Investing in new coins usually involves a high risk of losing your money. Since you cannot comprehensively research the project for investment on your own, it would be a better decision for you to invest in the most secure coins, such as ethereum and bitcoin.

[fullhdpixel]

Check their coin or token distribution.

If you see distribution is not fair and centralized in top wallets, there is risk of price dumps from top wallets or worse, rug pull. It is the first thing I would prefer to check. Not Whitepaper because they can lie in White paper but on chain stats can not be faked. We can check block explorer to see the distribution that can not be hidden.

My old topic but you can apply it for tokens with smart contracts

• [Guide] Identify scam projects by hidden premined coin indicator via explorer

Nice post but I think this wasn't enough because there are coins which are not a pump and dump or a scam but still can fail. Maybe the problem is about the idea of the project or about their team so it's important to check other details.

@OP you shouldn't get overwhelmed by those numbers because most of those projects are just junk but there are only few numbers of legit projects on this space and no they are not overtaking fiats because both are on a different world. Fiats are offline while cryptos are online, obviously, that is why they are called digital currencies. Now that you get some good response I hope you are now ready, goodluck!

[samcrypto]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Look at their roadmap and whitepaper, if its something that interest you the most and you think that project have a good potential to rise then you can have some but never go all in.

Usually many investors will choose the safe one, especially with the top coins and that is also ok but if you want to invest on new projects so you can have more profit if you are lucky enough, then its also ok. Usually if the project is new there’s a tendency for a 10% profit or more, though its not guaranteed since you still need to analyze. If still a newbie, just buy Bitcoin with half of your capital and the rest have some good altcoins as well. I only suggest 20% of your capital to new projects, this can be good already.

[abel1337]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

I guess it depends on what kind of product you believe in. There are a lot of coins in the market that has different purpose and uses. Having you know the background about the coin will help you understand the technology they are offering + the seriousness of the team in pursuing the project. Having a project that is continue developing their product is a green flag for me because it shows that the technology they are offering has a room to evolve. Also it's a good move to avoid all the sh*tcoins and just choose the reputated coins such as top100 coins on cmc would be an easy list. If you're lazy enough to do a research, just buy bitcoin. It's the easiest answer to the question.

[LastKiss]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

It's hard and needs a little bit of luck I guess, even a top tier project can fall like LUNA. Even Binance invests in LUNA and admits that not every investment will go successful. If you're looking a right crypto project to invest then just go with a project that has a product if you join early like in the presale phase then make sure the team is not fake and their roadmap is clear don't ever FOMO just because many people on their telegram spamming messages.

[AmoreJaz]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

It's hard and needs a little bit of luck I guess, even a top tier project can fall like LUNA. Even Binance invests in LUNA and admits that not every investment will go successful. If you're looking a right crypto project to invest then just go with a project that has a product if you join early like in the presale phase then make sure the team is not fake and their roadmap is clear don't ever FOMO just because many people on their telegram spamming messages.

better look for projects with actual product already. as much as possible, a team who doesn't rely from crowdsourcing to move forward. because if the team is relying from what they can get from public sale, high likely that their roadmap can be delayed or won't be accomplished. much better if the product or service they are offering is already up and running, so you can also see if it will be a hit to the users or not. because if the service is only for selected few, high chance that they won't survive.

[GreatArkansas]

(.....)
But the question now is how does one get to know the right crypto project to invest in?

Transparency. There are a lot of projects who got the issue from this, some of the projects or most of the projects are lying especially how their fund allocations, and how the tokens are being allocated on different criteria.
Another thing is the roadmap or goals, they must not only for money but they must focus on projects or services that they are building or offering to people.

[tomos81]

Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat. But the question now is how does one get to know the right crypto project to invest in?

Even though there are thousands of cryptocurrencies in the blockchain space, you cannot invest in all projects. This will make your loss more likely than profit. From that point of view you can analyze the top 10 projects with Bitcoin. However, I would not recommend any project better than Ethereum and Bitcoin for now.

[AZMAINE]

The only way to know about the right crypto project to invest in by doing technical analysis and learning project details.