Crypto lives & dies by the community. Here’s how to differentiate good from bad.

Covduk
4 min readMay 23, 2022

Community is everything in crypto. Communities create & destroy projects. You can become a 10x better investor by learning to evaluate the community.

In this post, we’ll dive into evaluating crypto communities & how you can identify good ones.

We’re diving into:

  • Community ≠ number of followers
  • Community ≠ 🚀
  • What is real engagement
  • Dump vs Hodl mentality
  • Social sentiment with lunarcrush
  • Cults can win
  • And More

Lets get into it:

#1 Ignore the number of followers.

A lot of people associate the strength of a community with the number of followers. This is wrong. For the most part the number of followers on twitters & members in discord is useless.

You may be early, the project might have a small but amazing community, or, they may have bought followers. It’s very easy & cheap to buy followers. Big accounts & verified accounts can still be scams.

Just look at how many Azuki & BAYC verified bots are popping up

#2 Community ≠ 🚀

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Covduk

I write crypto 101s, dive dives and how tos. Crypto | NFTs| DeFi