For Subscribers

8 Smart Ways to Analyze Crypto Token Before Investing in It

There are endless opportunities surrounding crypto tokens. Here are some techniques to guide you in making a safe choice.

learn more about Ejiofor Francis

By Ejiofor Francis Originally published

sarote pruksachat | Getty Images

Opinions expressed by Entrepreneur contributors are their own.

The world of cryptocurrencies is vast and doesn't revolve around Bitcoin and blockchain alone. There are over 5,000 cryptocurrencies on the market in existence today, according to crypto market capitalization aggregators, and more are being launched by the day — which makes it a bit challenging for Investors to decide on which to invest in.

In fact, there are many of them out there that aren't real. Scammers have seen the potential opportunities in the crypto space, and they've designed some tokens in order to get people's money. Whether you're a beginner looking to invest in the crypto market or a seasoned investor, below are some techniques that will guide you in analyzing any token.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, get access to a ton of exclusive content and resources that will help grow your entrepreneurial mindset. You’ll find:

  • Exclusive content from our network of today’s leading CEOs and business strategists
  • Receive our flagship Entrepreneur Magazine - free!
  • No more ads, and get access to the Entrepreneur+ homepage
  • Free E-books written by our staff and other industry thought leaders

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Money & Finance

What Is Market Cap? Here's a Comprehensive Explanation.

Read on to learn how to calculate market cap, explore the different categories and understand how it influences investment analysis.

Money & Finance

Revenue vs. Profit: What's the Difference?

The difference between revenue and profit is vital to understand in order to run a healthy business. Read on to learn all about these basic economic concepts.

Business Ideas

55 Small Business Ideas To Start Right Now

To start one of these home-based businesses, you don't need a lot of funding -- just energy, passion and the drive to succeed.

Career

Thinking of a Career Change? Here Are 4 Steps You Can Take To Get There.

Author Joanne Lipman on what experience and science tell us about successful job pivots.

Business News

A Mississippi News Anchor Is Under Fire for Quoting Snoop Dogg

WLBT's Barbara Bassett used the rapper's "fo shizzle" phrase during a live broadcast, causing the station to let her go.