How can I research different projects?

The Crypto market started its journey with the flagship currency, Bitcoin. But, as of now, it has more than 10k coins. As a beginner, it is hard to choose the right project because if you invest in the wrong project then you can lose all of your hard-earned money. We are going to discuss some ways through which you can check the legitimacy of any project.

• Price: First thing to look for in any project is the price of a coin/token. CoinMarketCap is the most useful website which provides you with this information. It contains almost all of the coins from different projects. CoinGecko is an alternative for the price check of any token.
• Official Website: The official website of any crypto project provide you with information about the team and its developers, vision, use cases of the projects, and much more.
• Transparency: Look how much transparent a project is. How much information they are sharing with the public. Are there any means by which you can communicate with the project team and developers? Big names usually imply that the project is legitimate.
• Forums: A lot of forums are available where users can discuss the legitimacy of any project. Other people will share their experiences and you will be able to get a bigger picture of the project. Bitcoin Forum, Telegram, Reddit, and Discord are the platforms through which you can discuss any project.
• Source Code: Not everyone can understand the source code of the projects but there is one thing that people can do to check the legitimacy. The documentation linked with the source code can be used to analyze the project.
• News/Social Media: CoinMarketCap has a specific page that holds news and article written on the crypto projects. Through these articles, you can analyze any project.

The other means of help can be Twitter and Youtube. After going through these lenses if a project seems legitimate then you should go for it.