How does the AUM of a cryptocurrency project affect its credibility and investor confidence?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we believe that the AUM of a cryptocurrency project is a crucial factor in determining its credibility and investor confidence. A high AUM indicates that the project has garnered significant interest and support from the community, which can enhance its reputation and trustworthiness. Investors often look for projects with a substantial AUM as it demonstrates that the project has already gained traction and has the potential for future growth. However, it's important to note that AUM should not be the sole factor in evaluating a project's credibility. Investors should also consider other aspects such as the project's team, technology, and market potential to make informed investment decisions.
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