source
There are over a thousand plus crypto coins in the crypto markets and sometimes we can get stuck on which crypto pair we are supposed to buy and hold in the crypto space.
Using market technical analysis investors can get clues on which coin or token to buy long term or short, which is very important when it comes to choosing and selecting which coin we are supposed to hold in our portfolio asset collection.
Note This article isn't a financial investment or advice so please before buying any coin in the market make your research adequately before making any investment move.
Here is an article which was written by me about SFP a typical coin analyzing the coin market analysis and products/services backing the coin SFP token
Where to invest?
Some important factors need to be followed diligently before any interested investor would venture into any crypto project to predict such project market future.
With proper research on such a project, an investor can easily foresee if such a project will hold long-term profit in the competitive market.
Let's say Mr. A wants to invest in a particular crypto project with a particular cryptocurrency $Bv coin.
Making necessary research about $Bv coin will be all Mr. A will be doing. here are some of the important things he will be looking out for.
project whitepaper
Whitepaper of any project contains the blueprint of what such a project would have in the long or short term it contains the roadmap of what any project has in a long run.
If as an investor I found a particular coin I'm interested in the first step on knowing more about such a project would be to go through the project whitepaper and know what their product, mission, team, and roadmap are.
While going through the project whitepaper these important factors are to be looked out for.
mission/vision
Getting to understand what general solution a particular project has to offer a society find out if the project mission is convincing and achievable.
products/services
What does the project provide in other to stay active in the competitive market, if such project provides a valuable product that will attract multiple investors and provide long term solution?
Team
While a team of a project is a very important interested investor will have to look out on what and who comprise of the project team lookout on the team profile from some important social platform.
market
for a project coin to thrive in value, it's market value needs to be improving check out the currency listing in some important exchange platform with their tradable pairs.
Having an adequate understanding of the above-mentioned factor an investor will easily be guided or have clues on what crypto coin they are investing in and would decide if to buy long or short term.
Thanks for stopping by.
