HOW TO MAKE A FUNDAMENTAL ANALYSIS FOR THE TRADING OF CRYPTO

in #crypto7 years ago

HOW TO MAKE A FUNDAMENTAL ANALYSIS FOR THE TRADING OF CRYPTO

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image source: https://pixabay.com

Then you dare a few tips to make a good fundamental analysis when making a trading of crypto operation.

  1. Review the macroeconomic and geopolitical world situation since the crypto does not escape from situations that upset financial markets.

  2. Review the Whitepaper of the crypto and investigate as it has been use in reality.

  3. Who are the founders and developers team to investigate.

  4. Check who are the sponsors and especially if there is some Government behind these coins.

  5. Review the activity of developers, mostly to see the progress on a Github.

  6. Check prices from which came the ICO.

  7. Determine if there is a road map and if they have fulfilled the objectives of the same.

  8. Investigate if they are very active in social networks and constantly communicate with their investors.

  9. Review that exchanges are operating these currencies in which we invest.

  10. Check your marketcap and see their level of volumes in the market.

  11. Comparisons with competitors.

If we make these simple steps we can have better results when it comes to investing in cryptocurrencies.

God bless you.