The Top 5 essential resources cryptocurrency investors must use before investing in a project
DYOR, or do your own research, is an important concept within the cryptocurrency market. It is essential for investors to conduct their own research before investing money. As the cryptocurrency industry is still very young, there is a lack of publicly available market data and research. Here is a list of resources investors can use when studying cryptocurrency.
1. Market Trackers
Market trackers are the first and most important resource to use when researching cryptocurrency. They offer real-time updates on prices, trade volumes, historical performance data and other useful information. This will give investors an accurate snapshot of the market and provide a framework for further research. Additionally, they allow users to compare different coins.
2. Data Aggregators
Market trackers can provide an overview of the overall market, but data aggregators such as TradingView, Glassnode and Coin Metrics are essential for delving into a particular project. These sites offer detailed analyses of different cryptocurrencies and can give investors an idea of how the coins may perform in the future.
Investors and enthusiasts can join forums related to cryptocurrency projects. Reddit pages and Discord servers are commonly used for discussing projects. This is a great way to ask questions about a project and get quick answers from the community.
4. News Websites
Cryptographic data can be difficult to interpret. News websites and guides about cryptocurrency can help investors to understand the technical terms and signs. Popular platforms include CoinTelegraph, Decrypt, Binance Academy, ByTheBit Learn, Alexandria and CoinMarketCap.
Podcasts are a great way to learn more about the cryptocurrency market. They give investors the opportunity to hear from industry experts on different aspects of the market and a project. Additionally, they provide a comprehensive understanding of current affairs and their long-term impacts.