With more than 10,000 crypto tokens in the burgeoning crypto market today, investors must evaluate their investments for positive returns
Ever since the launch of Bitcoin (CRYPTO: BTC) as a peer-to-peer digital currency that espoused the virtues of blockchain technology, the world has been increasingly warming up to the concept of a decentralized future where humans can transact with each other and businesses, without the involvement of any central banking authority. An increasing number of digital currencies, or cryptocurrencies as they are better known, have sprung up ever since with many competing with each other to amass more users and investor alike. Over the last few years, the rapidly growing pace of crypto adoption has led to a boom in cryptocurrency prices, drawing even larger swathes of investors to this thriving asset space. However, this has also led to a rise in the number of crypto tokens going bust, as bad actors try to swindle investor capital through pump and dump schemes, rug pulls and Initial coin offering (ICO) frauds are among other types of cyber thefts. This makes it even more important for newbie investors to conduct their own thorough research and invest only in those crypto tokens that pass a number of evaluation criteria as listed below:
