Part 8/9:
The Importance of Token Listing and Storage
Finally, examine where the token is listed. Availability on reputable exchanges is a good sign, as these platforms typically enforce stringent requirements for listings, ensuring a baseline level of security for investors. Assessing whether the token is supported by reputable hardware wallets is also crucial for long-term safety and security.
The Broader Scope of Research
While the steps outlined above provide a robust framework for conducting your own research, they are merely the beginning. Smart investors integrate fundamental, technical, and on-chain analyses to support their findings. While navigating the tumultuous waters of cryptocurrency investing can be daunting, being informed significantly bolsters your likelihood of success.