How to Research About Cryptocurrencies?

When starting to invest in cryptocurrency, almost everyone makes a mistake—the reason – lacking the ability to research.

In the beginning, the one common mistake that most beginners share is throwing money at different coins that seem hot at the time and expecting them to fly.

As a result, a large buck gets down the drain.

Well, I myself have made all these mistakes and have come a long way now.

I researched 75 cryptocurrencies and projects with my team and brought them on to UniFarm for investors to stake and make money out of them.

Today, I thought I’d share my experience with others.

This article will provide you with a step-by-step guide to teach you how to research and find quality crypto projects. To begin with, all you need is patience and perseverance.

So, let’s get started!

How to Do Your Own Research and Find Crypto Gems?

If you are new to cryptocurrency, I strongly advise you to begin with large and well-established currencies such as Bitcoin and Ethereum. This is due to the abundance of resources available on the internet, the majority of which are free. But if you wish to invest in projects that can compete with these major crypto coins in the near future, you need to research.

Don’t know where to begin with? Let me help you out!

Step #1 Begin with the Basics

To begin with, I’d suggest you start with reading the original Bitcoin Whitepaper created by a pseudonymous genius named Satoshi Nakamoto.

I also suggest reading Mastering Bitcoin by Andreas M. Antonopoulos to get a basic understanding of Bitcoin and Blockchain Technology.

Once you gain enough knowledge and experience with large-cap digital currencies, you will want to explore projects with smaller-cap. By now, there are close to 13,000 crypto projects and coins in the market.

Step #2 Explore Information on the Project Website

Information is not as easily accessible for the majority of new or smaller coins in the crypto field as it is for the big and established platform platforms.

Here’s an example of how I go about researching cryptocurrencies.

To begin, you’ll need to gather some general information.

Start with the most obvious sources, such as the project’s website and whitepaper. Check for the following things:

  • The quality of the project’s website.
  • Look for the project’s general introduction as well as its branch of industry.
  • What problems does the project aim to solve?
  • What’s the actual use of the token issued by the people behind the project?
  • Do more research about the token behind a project.
  • How well the project’s road map is designed?

Step #3 — Adding Other Sources Into Your Crypto Research

After you have gone over all of the details of the project, take a step back and look at the broad picture.

What do I mean by this?

Extend your research beyond the information provided by the creators and look into additional sources.

The following are the next actions for you to take:

  • Research the project’s competitors.
  • Search for more information from external sources.
  • See how the project’s social handles look like. How active they are on social media?
  • Explore their Github.

Step #4 — Researching Ways to Buy the Token

The fundamentals appear to be in good shape. You think you’ve discovered a potential crypto token.

But be cautious.

You won’t be able to use the best crypto project if some of the financial factors don’t add up.

Here are some things to keep an eye out for:

  • Find out how and where to buy the token.
  • How high is the market cap?

Wrapping Up!

You should have a lot of information in your hands at this point. It’s now time to assess all of the information you’ve gathered.

Bear in mind that this kind of research takes a long time to complete. But it’s definitely worth it.

I hope that you find this information to be helpful. Please share your thoughts in the comments section, and feel free to ask any questions.


UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

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