DYOR stands for “do your own research”, and it is a critical component of investing in cryptocurrencies. Given the largely unregulated nature of the crypto market, it’s essential to be vigilant against scams and fraudulent projects. Investing wisely requires taking the initiative to conduct thorough research on a specific project, coin, or token before committing your hard-earned money.
Here are some tips to help you DYOR effectively:
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Wade, J. (2023b) “The Fundamentals: How to Analyze Cryptocurrency,” Investopedia [Preprint]. Available at: https://investopedia.com/analyze-crypto-6456223 , last accessed 12.09.2023.