The acronym of Do Your Own Research — encouraging investors to complete due diligence into a project before investing.

The acronym of Do Your Own Research — encouraging investors to complete due diligence into a project before investing.

What is DYOR?

Do Your Own Research (DYOR) is regarded as one of the most important aspects of being a cryptocurrency investor.
The term first became popular during a wave of ICO projects that flooded into the cryptocurrency space between 2016 and 2018. Many investors were left duped or out of pocket by a host of scams entering the market as potential get-rich-quick crowdfunding schemes.

As a way of combatting fraud, people were urged to ‘DYOR’ and investigate any potential investment fully before committing money to any project.

The phrase has now permeated into popular culture, and is widely used to encourage amateur investors in any arena to navigate a minefield of misinformation.

It is also often used as a kind of disclaimer by some cryptocurrency figures when they post about projects or analysis on social media platforms.

How To Do Your Own Research (DYOR)?

CoinMarketCap provides users with the necessary tools to DYOR. As the leading platform for cryptocurrency prices, ranking, market intelligence and research, it provides transparent details regarding coin rankings, token rankings, market capitalization, trading volumes and more. The full methodology used by CoinMarketCap to list and rank crypto tokens can be found here. These are the four initial pillars to focus on, as they often help you compare currencies to one another.

After the foundation has been established, you can click on the coins that stand out to you to obtain more information. That includes the circulating supply and total supply figures, a list of exchanges where the asset is traded, the fully diluted valuation (FDV), etc. All of these details provide tremendous insights and intelligence on individual coins and tokens.

Other research tools on CoinMarketCap include the price charts — to gauge volatility, support and resistance levels used in technical analysis — and the website and social links of individual projects. Additionally, you can find audits — if provided — along with GitHub activity, social follower counts, a list of wallets supporting the asset, and more. 

The historical data tab, such as for Bitcoin, offers some valuable information. It depicts the recent price momentum for coins and tokens and a historical overview of the price on this day in the past few years. Cryptocurrencies are bought or traded by investors and speculators, and everything needs to be put in the correct perspective. 

Other tools on CoinMarketCap platform to explore include the educational platform Alexandria, the listing of exchanges, NFTs, and the Gravity feature. Although Gravity is still in beta, it offers a constantly updating feed of project news, articles, and user sentiment. There is also a handy list of accounts you may be interested in following to stay up-to-date on those projects.

Furthermore, the platform provides various products to help you DYOR, including a learn and earn section, an ICO calendar, an events calendar and more. All of these tools help you do your own research across various industry verticals and aspects.