1. Security: Research the cryptocurrency’s security protocols to ensure your investment is safe and secure.
2. Technology: Understand the fundamentals of the technology behind the cryptocurrency, such as its algorithms and protocols.
3. Community: Research the community around the cryptocurrency and the adoption rate for its use.
4. Volatility: Consider the cryptocurrency’s track record for volatility when making decisions about the timing of your investment.
5. Network Influence: Analyze the number of users of a cryptocurrency and any associated networks.
6. Regulatory Climate: Investigate the regulatory climate for the cryptocurrency in your region and any potential legal risks you may face by investing.
7. Liquidity: Assess whether the cryptocurrency is traded on major exchanges and if it has sufficient liquidity to make it worth the risk of investing.