Understand why the use of blockchain technology is inherent to the project’s very existence. That is to say, why has the team chosen to build its solution with blockchain? Often, the project will https://xcritical.com/ have blog posts expanding on this—as it’s extremely important. In most cases, you will be able to check out who is involved and by using social media you can get a glance at a person’s expertise.

  • DYOR stands for Do Your Own Research and is a common phrase used by cryptocurrency enthusiasts.
  • DYOR, as popularized by crypto enthusiasts, is a common phrase used in crypto investing and trading.
  • Terra has secured billions of dollars of value so far and has proven secure.
  • To make an informed decision about whether to invest in Bitcoin or another cryptocurrency or digital asset, you should do your own research first.
  • Unfortunately, this means that there are a lot more scams than in traditional financial markets.

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app. While we will provide neither guidance nor advice for you on where to put your money, we like https://xcritical.com/blog/how-to-do-your-own-research-dyor-before-investing-in-crypto/ to introduce you to a couple of tools and methods that are considered to be valuable when doing your own research. For users who are having trouble getting started, they can visit the Hello Moon Discord for additional help.

How To DYOR Crypto: How To Analyse Crypto Projects For Investment?

Founders and core contributors from DeFi’s smallest to biggest projects are answering questions and interacting with the community in their social outlets on a regular basis. Talking directly with those involved in the project can yield tons of information. Getting this information second-hand is not the same thing as reading this material on one’s own. Far too often, users can save themselves a headache just by reading a protocol’s docs and exploring its blog before approving transactions.

how to dyor in crypto

Shiba Inu price prediction for 2023, 2025 and 2030 Apr 11, 2023 Shiba Inu is still one of the most important meme coins in the crypto ecosystem. One could argue that SHIB is just another copy, but there is more to it. It is building its own unique DeFi ecosystem that is meant to create more value in terms of Dollars as well as user experience. This puts Shiba Inu in a special place when comparing it to other meme tokens that have no or less ambitious plans. Although the information posted on social media may be unverified, these platforms can still be an excellent way to get much-needed information about projects. Posts may be from people who have lost money, made money, or those who noticed specifics that they considered to be red flags.

Ethereum – The Revolutionary Story of DeFi Monarch

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how to dyor in crypto

One of the first steps in doing your own research investigation is to read the project’s white paper. This document should be available on the project’s website, usually in the Docs section – if it’s not, that’s cause for concern! A good white paper provides a detailed explanation of the project’s technology, business model, and plans for the future. It is essential reading for anyone considering investing in the project. Past performance does not guarantee future results and the likelihood of investment outcomes are hypothetical in nature. Anything that helps you become more informed about a subject is a form of analysis.

One last piece of advice​

It is usually publicly available on the project’s own website. Furthermore, since there are no centralized authorities in the DeFi space, people have no place or authority to report their grievances should the project turn out to be a scam. Fraudulent development teams know this, and exploit it by making promises they cannot deliver.

Cointree has partnered with MyExpertSuper and integrated with BGL Simple Fund 360 to allow clients to easily add crypto to their portfolios. Winners of the 2022 Finder Best Crypto Exchange in Australia for SMSFs. Finally, you should also check our complementary guide on how to identify scams, which explains how to identify outright scams and avoid them, as well as how to protect your sensitive information.


DYOR is a well-known acronym in the crypto and blockchain space. DYOR means that people are encouraged to conduct due diligence and gather all the necessary information on projects before depositing any funds, especially for new projects. Adequate research protects new and existing crypto enthusiasts from scams and projects with no real value.

how to dyor in crypto

Instead, TA is all about reading live cryptocurrency price charts to gather information about trends and deduce where markets might be heading. TA is a form of doing your own research that is hardcore analytic and far from objective, as it all boils down to how you use charting tools to interpret what the price trends are trying to indicate. Even world-class investors and traders rarely swing more than 1% of their total portfolio size into a new investment position, so act accordingly. Avoiding being over-invested will also help you keep a clear head about your investment choices since it reduces your emotional involvement. Cryptocurrency price predictions were sometimes accurate, but sometimes users lost money when they invested solely based on the advice of others. The internet is full of random crypto trading advice, a lot of which is just false to hype up the project which many times result in dump schemes, shilling, and Sybil attacks.

Resources for Doing Your Own Research

It simply reminds investors not to trust everything in the crypto industry mindlessly. Especially if the offers they run into seem too good to be true. If you don’t research, you will likely trust the wrong source and lose your investment. Any promotion is worth investigating, but only some of them are real, good opportunities.


Through chain explorers like Hello Moon, SolanaFM, and SolScan, users can explore every bit of information recorded on the blockchain about any protocol. It can take a little time to get used to finding this information with an explorer, but projects that offer more than hype will have loads of data to DYOR. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice.