5 Key Factors To Consider When Investing in Cryptocurrency

Written By shirin shafiee

Hi Witches! 👋 Welcome to our Crypto Witch Club Blog. 🔮

We’re so excited to have you here and thanks for putting your crypto education in our hands! For those who don’t know us, Crypto Witch is a non-toxic, judgement-free environment to learn about blockchain technology and cryptocurrency. Have a question? It’s simple: leave us a comment or slide into our DMs on Instagram at @cryptowitchclub. 😉As requested by our Crypto Witch Coven on Instagram, here are The Top 5 Factors we consider when looking to invest in a new crypto project. 👀 (You’re welcome.)

THE TEAM

Who’s behind the crypto project you want to invest in? You’ll want to look at their founding team, board members, overall footprint in the space, and social sentiment before investing.

  • Does the team have blockchain or related technology experience?

  • Does the team seem qualified to fill their roles? Are they considered ‘thought-leaders’ in the blockchain and/or cryptocurrency space?

  • Is it clear where the business is located? What they do? Are they visible on social media such as LinkedIn and Medium?

THE TECH

Tech matters witches! While all crypto has a tendency to be volatile in the market (with the exception of stablecoins) — to be confident in long-term holding you’ll want to research the following ….

shirin shafiee
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