One way to evaluate cryptocurrencies is taking a closer look at their (24 hour) trading volumes and their (daily) transaction amounts.
You can easily find all the trading volumes at websites like https://www.coinmarketcap.com, https://www.coincheckup.com, and https://www.worldcoinindex.com. These are my suggestions, but there are plenty more to choose from. With decentralization comes the greatest choice.
The most important factors in an evaluation like this are the 24 hours trading volumes, the weekly trading volumes, the monthly trading volumes, and the yearly trading volumes. Your strategy depends on what kind of trader you are. If you would like to trade fulltime, daytrading would suit you best, but comes with the most risk. If you would like to trade while working a 40-hours per week job, long term investing would suit you best, but comes with a little less profits.
Also check in how many markets your cryptocurrencies of choice are being traded (so far). The greater this number, the more the coin will gain on the path to mass adoption. More tradable markets results in more capital entering the market. This also results in higher trading volumes, and volume is an absolute must for daytrading. Long term investing doesn't necessarily require high volumes in the beginning.
For Bitcoin, this would be the link to access this data: https://coinmarketcap.com/currencies/bitcoin/#markets.
Basically, cryptocurrencies have to be well-designed and simple, easy to buy and adopt, profit-giving, and problem-solving. Those are just some of the aspects I take into consideration. https://www.coincheckup.com provides automatically updated technical analysis for most cryptocurrencies. They take more aspects into consideration, like the their development team and their engagement with their public on social media.
Finally you could keep an eye on the blockchain network usage data provided by https://www.blocktivity.info. The more transactions are being sent to the blockchain network, the more users are participating in the network. The more users are participating in the network, the more demand for the network token(s). The more demand for the network token(s), the higher the price(s).
I can honestly tell you that research pays off in the world of cryptocurrencies, no research results in poor cards. You should have absolutely no doubt at all what coins to pick. Understand what the world needs, and look for well-thought blockchain solutions to certain problems. Most will pay off, and only some will result in losses. You can earn a really good living by trading cryptocurrencies if you know what you are doing.
The best example for this is probably STEEM himself, which will operate in several market segments with Hard Fork 20 Velocity and Smart Media Tokens. STEEM is a jumpstarting platform for creativity, I am definitely putting some of my money on that! Especially with discounted pricing like we see today.
Are you Dutch or do you understand the Dutch language? Are you looking for a professional investment group with like-minded people? Please contact me for more information. We operate on WhatsApp and Slack and will be heavily involved in the Social Media realm. Daytrading, mining and affiliate marketing are our biggest passions.
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Thank you and see you tonight with another Daily Cryptocurrency Newsfeed!