1. Understand the project from a technical point of view. Ethereum, for example, has its own programming language and many resources online to help understand it.
2. Check if the project has an active community. This could include the project’s social media presence and user forums.
3. Know the team behind the project. Who are the founders and developers? What is their track record?
4. Analyze the tokenomics. Does the project have a clear business model and use case for the utility of its token?
5. Assess the project’s development progress. Is there a working prototype or live product? What is the roadmap?