How We Review and Rate Cryptocurrencies

Our Detailed Review Criteria

Our criteria are designed to evaluate each crypto asset/platform across multiple dimensions, consistently, ensuring a balanced assessment. They are selected to address essential features, from security measures to user experience and market viability.?

Let’s take a closer look at the 14 criteria that we follow when evaluating a crypto asset:

1. Researching the Cryptocurrency

We start by understanding the cryptocurrency’s primary purpose and the specific problems it aims to solve within the digital economy. Our experts then delve into the project’s whitepaper, examining the technical details, roadmap, and, most importantly, the project’s goals and milestones.

2. Project Team and Developers

At this stage, we assess the credentials of the team members and developers. We also look at whether a certain project has any associations with any reputable companies or endorsements from any influential figures. We also check their social media profiles and make sure that each one is authentic. Obviously, we skip projects involving shady businesses or individuals behind them.

3. Market Potential

We evaluate each crypto asset’s market size and potential for growth. We also consider the competition and how this particular crypto asset compares or differs. This helps us assess each project’s scalability and potential for future growth.??

4. Community and Support

To distinguish legitimate projects from scams, we always look at the community engagement behind them. The size and activity of the community are often crucial metrics that signal not only legitimacy but also the potential longevity of a project. The responsiveness of the developer community is also assessed, especially when it comes to addressing bugs, updates, etc. That typically means following relevant pages on large forums such as Reddit, for example, but we also monitor discussions on popular platforms such as X and Telegram groups.

5. Liquidity and Trading Volume

Another important step we take is assessing the liquidity of a project. We do this by reviewing its presence on exchanges and whether these exchanges are reputable or not. We also take a look at daily trading volume, the order books, daily, weekly, and monthly trading averages, and similar. Of course, checking any current or previous issues or scandals with the exchange is also at the top of our to-do list. We do this since liquidity and trading volume affect the investor’s ability to sell or purchase desired crypto tokens instantly.

6. Technology and Innovation

Checking a cryptocurrency’s technology is important because it helps determine whether the technology is secure and ensures its safe growth over time. Special attention is also given to technological advancements, which just enhance security, privacy, and overall network efficiency. This is essential because investors tend to prefer coins with better transaction speed and scalability.

7. Compliance and Regulatory Changes

Our thorough reviews include examining each platform’s compliance with financial regulations and any pending governmental regulations that could affect its use and value. If anything like that arises, we make sure to let our readers know so they can decide what steps to take. We also inform our readers about previous (significant) issues with regulatory bodies.?

8. Price History and Market Sentiment

Analyzing historical price data helps identify volatility trends and price stability. We also monitor current news and market sentiment to determine a crypto’s short-term movements and overall industry trends. We use relevant tools and services to help us in this endeavor.

9. Security Measures and Past Breaches

We examine each cryptocurrency’s security measures, including wallet types, private key management, transaction security, and other safety elements, to prevent hacks or fraudulent activities. We also do a “background check” to look for past security breaches, the severity of each, and the steps taken to prevent future incidents.

10. Use Cases and Adoption

We consider the practical uses of the cryptocurrency and its technology in real-world scenarios. It’s not just about the technology behind the cryptocurrency but how it’s being applied to solve problems or improve processes in various industries. We also focus on how widely the crypto asset is being accepted and integrated into existing or emerging markets. Growing adoption can be seen in increasing user numbers, more transactions, or even its integration into more mainstream financial systems.

11. Risk Assessment

We evaluate the risk associated with a cryptocurrency by examining its market position, the security of its technology, and relevant economic factors. A strong market presence and solid technology typically indicate lower risk, while external economic factors can influence risk levels.?

12. Customer Support

We also test the responsiveness of the support team across multiple channels, as well as evaluate the effectiveness and helpfulness of the support provided. This applies to projects only with publicly available information about the development team. Anonymous coins like Bitcoin have no customer support.

13. Long-Term Viability

We analyze the crypto asset’s long-term sustainability, examining the team’s vision, financial health, and strategic partnerships. We also examine the project’s ability to innovate and adapt to new market challenges and innovations. This is typically confirmed by studying the project’s whitepaper and social media announcements.

14. Ethical Practices

This involves assessing the platform’s commitment to ethical behavior and responsible business operations. We examine whether the platform adheres to honesty and transparency in its operations. We evaluate the measures taken to reduce its carbon footprint and initiatives to promote sustainability, particularly relevant for cryptocurrencies that rely on energy-draining processes, such as those that use the Proof-of-Work mining consensus.

How Do We Keep Our Reviews Reliable and Current?

Our reviews are written and edited by market experts and evaluated based on the 14 key criteria described above. Most importantly, we continuously update our reviews to maintain their reliability and relevance. We don’t just publish a review and leave it; we stay in sync with market changes and crypto developments. This ongoing commitment ensures that our reviews are always accurate and up-to-date. By constantly revisiting and revising our reviews, we provide you with the most trustworthy and current information available.