where to look for projects that are interesting for investment, what criteria they must meet and named ways to assess the real value of assets?
Some tokens have risen in price several times since the beginning of this year and brought good profits to investors. For example, the largest altcoin by capitalization, Ethereum, has risen in price by 415% since January, the Binance Coin rate has grown by 1194% over the same period, and the cost of Cardano has increased by 1122%. how to choose the most promising digital coins on the crypto market for investment.
- Where to looking for?
Crypto investors have access to a large number of different resources that can help in finding cryptocurrency and obtaining important information about them, As an example, he cited one of the most popular services, CoinMarketCap, which collects data on more than 12,000 tokens. This service greatly simplifies the process of studying cryptocurrencies, since it allows you to monitor their capitalization, trading volumes and supply in real time.
- Asset selection
The main criteria that strong projects meet are revolutionary, scalable and accessible, it is necessary to select tokens for purchase based on these parameters.
The criteria by which evaluates the prospects of cryptocurrency:
- High investor interest;
- Availability of plans for the future development of the project;
- High trading volume;
- No false promises to investors;
- No overbought on technical analysis indicators;
- Open historical information about the project;
- High probability of positive news about the project in the future.
- How To Find Out The Real Value Of an Asset
To find a good entry point into an asset, you need to evaluate its real value, technical analysis indicators that indicate overbought and oversold conditions, as well as various fundamental factors, can help with this. Plans for the future development of the project and their implementation by developers play an important role in shaping the value of the cryptocurrency.
Recommended paying attention to the initial placement of tokens (ICO, IEO and IDO). When participating in initial placements, the investor becomes a participant in the project at the very beginning of its launch, and in this case, the profit from investments can be maximum, since this method allows you to enter the asset at the lowest price.
However, this is a rather risky undertaking, as about half of the projects are quickly curtailed. You can invest minimally in different projects, so that later in the dynamics you can see and analyze which ones are growing, due to what, and acquire more of these coins.
“Coin Top Secret” does not give investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
