Mid Level Reading
26 Jul, 2023


DYOR stands for “Do Your Own Research,” encouraging investors to conduct thorough due diligence on a project before investing.

Understanding DYOR (Do Your Own Research)

Do Your Own Research (DYOR) is considered a crucial aspect of being a cryptocurrency investor. The term gained popularity during the Initial Coin Offerings (ICOs) surge between 2016 and 2018. Many investors fell victim to scams that entered the market, posing as get-rich-quick crowdfunding schemes.

Individuals were advised to “DYOR” to combat fraud and thoroughly investigate any potential investment before committing their funds to a project. This phrase has become part of popular culture and is widely used to encourage amateur investors in any field to navigate the abundance of misinformation.

It is also often used as a disclaimer by cryptocurrency personalities when sharing posts about projects or analyses on social media platforms.

How to Do Your Own Research (DYOR)?

CoinMarketCap offers users the necessary tools to conduct their own research. As the leading platform for cryptocurrency prices, rankings, market intelligence, and research, it provides transparent information about coin rankings, token rankings, market capitalization, trading volumes, and more. The complete methodology CoinMarketCap uses to list and rank crypto tokens can be found here. These initial pillars are crucial as they facilitate comparisons between different currencies.

Once the foundation is established, users can click on the coins that catch their attention to obtain more detailed information. This includes circulating supply and total supply figures, a list of exchanges where the asset is traded, a fully diluted valuation (FDV), and more. These details provide valuable insights and intelligence on individual coins and tokens.

Other research tools available on CoinMarketCap include price charts to gauge volatility and support and resistance levels for technical analysis. Additionally, users can find the websites and social links of individual projects, audits if provided, GitHub activity, social follower counts, a list of wallets supporting the asset, and more.

The historical data tab, such as for Bitcoin, offers valuable information, displaying recent price momentum for coins and tokens and a historical overview of the price on the same day in previous years. Putting everything into the correct perspective is important since cryptocurrencies are bought and traded by investors and speculators.

Other tools on the CoinMarketCap platform worth exploring include the educational platform Alexandria, the listing of exchanges, NFTs, and the Gravity feature. Although still in beta, Gravity provides a constantly updating feed of project news, articles, and user sentiment. The platform also offers a convenient list of accounts to follow to stay up-to-date on those projects.

Furthermore, CoinMarketCap provides various products to assist in conducting independent research, including a learn and earn section, an ICO calendar, an events calendar, and more. These tools enable users to perform their own research across various industry verticals and aspects.