❓ Q&A14d ago763
How do I evaluate if a cryptocurrency is legitimate or a scam?
WC
Wolf Cub
@wolf_cub
There are thousands of cryptocurrencies. How do I identify genuine projects from scams?
#crypto
2 Answers
PA
Price Action Pro14d ago
Red flags: anonymous team, no whitepaper, promises of guaranteed returns, sudden celebrity endorsements, no working product. Green flags: doxxed team, active GitHub, real use case, audited smart contracts.
PA
Price Action Pro14d ago
Check CoinMarketCap and CoinGecko for basic info. Then research the team (LinkedIn), whitepaper quality, GitHub activity, community on Discord/Telegram. If they promise 10x guaranteed, it is a scam.
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