Increased interest rates often make risk assets less attractive. For crypto, this means lower demand, as higher rates offer safer returns from traditional assets, leading to potential price declines.
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Review compliance with local laws, especially securities regulations. Avoid projects promising guaranteed profits or unclear token use. Ensure transparency and consider consulting legal experts before participation.
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Security is a critical factor for any cryptocurrency project. Start by checking if the project has undergone audits by reputable third-party firms, such as CertiK or Quantstamp. These audits identify vulnerabilities and ensure the integrity of the code. Also, consider whether the project uses secure storage solutions, like cold wallets for funds, and employs multi-signature technologies to prevent unauthorized access. Beyond code audits, assess the project's response to past security incidents—how quickly and transparently did they address vulnerabilities or breaches? Strong security practices are vital for protecting both user assets and the project’s reputation.
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