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

The Dark Side of Pay Transparency — And What to Do If You Find Out You're Being Underpaid
Thinking of a Career Change? Here Are 4 Steps You Can Take to Get There.
A Founder Who Bootstrapped Her Jewelry Business With Just $1,000 Now Sees 7-Figure Revenue Because She Knew Something About Her Customers Nobody Else Did
Everything You Need to Know About Franchise Law
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.

Growing a Business

Scaling Made Easy: How to Scale Your Business like a Fortune 500 Company

Once you have the night-vision skills of Fortune 500 restaurants, scaling becomes effortless. Here are 3 ways to scale, hidden in plain sight.

Growing a Business

How I Built a Sales Funnel That Generates Over $80 Million

Improve your sales funnels for more conversions with these marketing tactics.

Marketing

Streaming TV Is the Future of Advertising — Without Breaking the Bank

Today's consumers expect personal, impactful ads. There's an advertising method that can get you there for half the price, making it the next frontier in digital advertising.

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.