Important thing to know before buying a Cryptocurrency
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Market Cap: The smaller the market cap, the more potential the project has to rise in value. Projects with already a huge market cap are mostly considered price in or overvalued and hence are due for a correction.
White Paper: This is an official document showing the concept behind the project and the implementation of the idea in real life. The paper carries the project’s vision so you can _uate a project’s potential worth.
Trading Volume & Liquidity: A higher trading volume signifies the project is a good investment.
Circulating Supply vs. Total Supply: If the circulating supply of a project is small compared to its total supply, then there is a risk of dilution in the future, which can hurt the price of a crypto asset.
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Important thing to know before buying a Cryptocurrency
Like Share Follow and Comment 🤓
Market Cap: The smaller the market cap, the more potential the project has to rise in value. Projects with already a huge market cap are mostly considered price in or overvalued and hence are due for a correction.
White Paper: This is an official document showing the concept behind the project and the implementation of the idea in real life. The paper carries the project’s vision so you can _uate a project’s potential worth.
Trading Volume & Liquidity: A higher trading volume signifies the project is a good investment.
Circulating Supply vs. Total Supply: If the circulating supply of a project is small compared to its total supply, then there is a risk of dilution in the future, which can hurt the price of a crypto asset.