H2cryptO Discusses Opportunities Surrounding Failing Digital Asset Projects and The Importance of Due Diligence Before Diving in
ATLANTA, GA / ACCESSWIRE / August 10, 2022 /This year has shaped up to be one of turmoil across the cryptosphere, with the entire crypto space painted in ‘red'. With tensions high and macroeconomic pressures feeding into fear, uncertainty, and doubt (FUD), H2cryptO maintains that there remains significant opportunity among failing digital asset projects.
This quarter, H2cryptO discusses how savvy crypto-enthusiasts are taking advantage during these turbulent times, and the importance of due diligence in sifting through the hype.
Crypto Crashes Leave Devastation and Opportunity in Their Wake
2022 has shaped up to be a challenging one for crypto projects. From DeFi to exchanges, to NFTs and yield farms, no corner of the industry has gone untouched.
Although the demiseof several projects has left a trail of financial devastation in their wake, others are merely innocent bystanders caught in the crosshairs. It is these projects where savvy investors and speculators are seeking out opportunities at a discount.
According to a spokesperson at H2cryptO, "We believe the iron is hot for taking shots at several failing digital asset projects." Macro-pressures on the entire crypto industry, including the fall of industry giants, have resulted in a cascading effect, negatively affecting even the most robust and fundamentally sound projects.
Similar to the stock market, overcorrections due to FUD and other influencing factors often result in having the ‘baby thrown out with the bathwater' so to speak, with high-performing projects, or those staged to the moon, taking a backseat until the waters calm.
This presents a unique opportunity to participate in promising projects at a steep discount, a fact that hasn't fallen on deaf ears. According to H2cryptO, they're already seeing movement in the space, with some failing digital asset projects seeing renewed interest behind the scenes as investors look to get in while the ‘getting' is good.
The Importance of Due Diligence
Due diligence isn't flashy or exciting, but it is a mission-critical aspect of project evaluation. Such due diligence involves the investigation, review, auditing, and analysis of a given crypto project in order to confirm facts and uncover evidence. This information can then be used to confirm or support a hypothesis or projection (i.e. whether or not the project will succeed or fail, in what timeframe, and to what extent).
Considerable wealth has and can be had from participating in the right crypto projects, as can considerable financial loss if approached haphazardly.
Common Types of Due Diligence in Crypto
Evaluation of the Model
This initial stage seeks to better understand the project's business model, including but not limited to viability, scalability, utility, and risk. A key component of this step involves a deep dive into the company's whitepaper.
Teamwork Makes the Dream Work
While the adage ‘teamwork makes the dream work' often holds true, the wrong team can conversely transform an otherwise successful project into a nightmare. H2cryptO advises that it pays to invest time into researching each members' history in and outside of the crypto space. Qualifications, past successes (and failures), and more all play a key role.
Partnerships, TGEs, and Profits
Careful evaluation of established partnerships is essential to root out ‘false credibility' and to identify legitimate collaborations that provide the project with real value. Similarly, TGE plans and the mechanics of the offering should be analyzed to ensure everything is in order.
The vast majority of successful crypto projects are backed by a strong, engaged, community. As part of the due diligence process, measuring community engagement, growth, and buzz is advisable.
Founded in 2021, H2cryptO is an innovator in the cryptocurrency exchange market. Backed by Draper Goren Holm, the fourth most active blockchain VC fund, the exchange has already received marked success and critical acclaim in the industry.
As the first cryptocurrency exchange to offer & emphasize, true, 24/7 live support, the platform is more accessible and user-friendly than the competition.
Led by a C-Suite team with more than 70-years of combined experience, and powered by industry-leading AI, the exchange is poised for continued success in what is otherwise a highly competitive landscape.
Notable Features of The Exchange Include:
- An exchange catering to novices, traders, and investors alike
- Seamless and frictionless experience with intuitive features and navigation
- Customizable modules tailored to fit the unique needs of each user
- Easy management of crypto at home or on the go
- Simple one-click buy/sell feature
- Customizable button sizes and configuration to simplify trading, buying, and selling
- Industry-leading reports and performance monitoring of portfolios
- Unparalleled transaction speeds, uptime, and security
Those interested in learning more about H2cryptO or its exchange are encouraged to visit the official website for more information.
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