7 Signs That A Crypto Project Will Go To The Moon.
5 seconds to define whether the token worths it or not.
3 min readAug 29, 2023
Navigating the crypto space can be daunting, especially with the myriad of projects popping up daily. But fear not!
There are clear signs that can help you identify the next big crypto star.
- Tokenomics
Tokenomics refers to the economic model of the token.
It’s essential to understand how the token supply is distributed, how it’s used within the ecosystem, and its utility. For instance, Binance Coin (BNB) started as a discount token for trading fees but has since expanded its use cases, adding value to its holders. - Presence of Vesting
Vesting schedules ensure that the team and advisors are committed to the project long-term.
If tokens are instantly available to the team, they might cash out early. But if there’s a vesting period, it shows they believe in the project’s future. It’s like a startup founder having shares that vest over several years — it ensures they’re in it for the long haul. - Clear Use Case
Ask yourself: “What problem does this project solve?”
A successful crypto project should address a specific, tangible issue. Whether it’s an NFT marketplace, a launchpad, a game, or a metaverse, the main product drives organic volume in the market. - Strong and Transparent Team
Would you invest in a startup without knowing its CEO or its team?
A transparent team with a proven track record in blockchain, tech, or finance is a green flag.
For instance, if a former Google engineer is behind a new blockchain project, it might be worth a closer look. - Transparent Roadmap
A roadmap is like a project’s GPS. It shows where it’s headed.
If a project consistently ticks off its milestones, it’s a sign that the team is dedicated and can deliver.
Cardano, for example, has been transparent about its phased releases, building trust within its community. - Active and Engaged Community
A buzzing community can be the lifeblood of a crypto project.
If there’s an active Telegram group or a lively subreddit where users discuss, debate, and share about the project, it’s a good sign.
Remember Dogecoin? Its active and passionate community played a significant role in its rise. - Partnerships and Collaborations
Who are the project’s friends?
Collaborations can boost a project’s credibility and resources. A new crypto project partnered with a tech giant like IBM or Microsoft? That’s a partnership worth noting.
The crypto world is exciting, but it’s essential to tread with caution and knowledge. By looking for these seven signs and doing your homework, you’re setting yourself up for a more informed investment journey.
Remember, while these indicators are helpful, always do your own research and consider seeking advice from financial experts.