CRYPTO TEAMS AND MARKET UPDATE

Binance BNB hit $420 earlier today, but it has come down a bit and is now $414. Everything is in the greens; XRP is now over one dollar. Ethereum is up by 3.48% on the 24-hour chart.
Everything is looking good; even some smaller altcoins are up 20% to 50%.

When it comes to small market capital cryptocurrencies, you have to look at the team before anything. The first thing that will probably catch your attention is what the project is doing, the utility for the token, and the branding, but the first thing you should look at is the team. You have to make sure that it is a solid team with a good background; you have to check their social media (Twitter and LinkedIn profiles).

In small market capital cryptocurrencies, the team is very important and one of the most vital aspects because a good team can pivot between what is most important in the cryptocurrency space and continue to build a utility for the token. Some teams tend to lose interest and stop focusing on the project; they lose their creativity and spark for the project.

You have to make sure that the team has the experience to fulfill the vision they have for the project. It is hard to tell with some teams, but you can get a better idea as time goes on. If you do Dollar Cost Averaging, you see how the teams work overtime and how they deliver.

One of the bull market's main problems is that people start following projects without doing proper research. As soon as they see a lot of FOMO on a project, many people are buying, many hypes around it; people tend to go in heavy into cryptocurrency altcoins without doing proper research and looking at the teams.

It is very important to spread out purchases doing Dollar Cost Averaging. As the team delivers on their vision and their roadmap, you can do Dollar Cost Averaging based on this. If they can deliver and continue updating and staying focused, you can allocate more of your altcoin funds to these projects.

The cryptocurrency team looking great at first glance does not mean that the project will be successful. The team may lose interest, pivot to bad ideas, and do not do good marketing. A wide variety of things can go wrong with the project; this is why you need to spread out your purchases no matter how good a project may seem and how much hype there is around it because you can never be too sure.

Just because a lot of people are going into a project does not mean the project is good. Most of them may be going into it because they see people rushing into it, and they do not want to miss out.