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This article was updated on April 7, 2021
The world of cryptocurrencies is vast and doesn’t revolve around Bitcoin and blockchain alone. There are over 5,000 cryptocurrencies on the market in existence today, according to crypto market capitalization aggregators, and more are being launched by the day — which makes it a bit challenging for Investors to decide on which to invest in.
In fact, there are many of them out there that aren’t real. Scammers have seen the potential opportunities in the crypto space, and they’ve designed some tokens in order to get people’s money. Whether you’re a beginner looking to invest in the crypto market or a seasoned investor, below are some techniques that will guide you in analyzing any token.