Part 8/13:
Dennis elaborates on the necessity of evaluating a coin's tokenomics—the relationship between circulating supply and total supply. Healthy tokenomics can indicate a better investment while avoiding those with high circulating pressure that may struggle to maintain price.
Identifying Legitimate Projects
Major exchange listings are often a sign of a legitimate project, according to lesson eleven. Tokens listed on platforms like Binance typically have undergone rigorous evaluations. While it can be tempting to invest in newly listed tokens, Dennis suggests seeking out lesser-known altcoins already on reputable exchanges.