By asking these simple questions like, "What problems does the company (cryptocurrency) solve?" Is this something that has real-world value, or is it just a nice idea?

The cryptocurrency landscape can change quickly, so be sure to do your homework before investing money in a cryptocurrency. You can always do your research about a new project you’re planning to invest your funds in, and if you find the platform deemed fit, you can go ahead.

Also, consider the project team. Do they have a long-term vision for the project? What do users think about the currency? Nobody knows which ones will be huge winners and which ones will be epic failures. I believe that the best investment strategy is to have a portfolio of currencies to avoid putting all your eggs (funds) in one basket (crypto).

Since there are still a lot of unknowns when it comes to the use cases of cryptocurrencies, it is very important to study how to research every cryptocurrency you invest in.