Bitcoin's "death cross" can be a bearish signal, but itβs not always a guarantee of a major price drop. Itβs essential to look at broader market conditions and other technical indicators before making conclusions.
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Check for a solid development team, clear roadmap, and active community. Strong tokenomics, real use cases, and consistent updates suggest a project's potential for growth. Avoid projects that focus primarily on marketing and hype with little behind-the-scenes progress.
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Transparency around financials is crucial for building trust. Start by examining whether the project shares clear details about its funding sourcesβdoes it disclose private investments, token sales, or grants? Does it publish regular financial reports or audits to show how funds are being allocated and spent? A project with a clear and open financial structure will typically be more accountable to its community and investors. Also, check for any signs of financial mismanagement or lack of transparency, as these can be red flags. Projects that prioritize financial transparency help reassure stakeholders that funds are being used efficiently and responsibly, which can lead to greater confidence in its long-term viability.
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