Hi, What do you think - what should the fundamental analysis of cryptocurrencies look like before buying them? If I can ask, could you write me a plan of action? Thank you very munch!
Basic plan of action.
1. Size of userbase and potential for userbase growth and mainstream adoption(this will help determine future potential price growth).
2. Credibility and experience of devs and investors who own and operate the currency.
3. Pre mined versus not pre mined.
4. Limited supply versus infinite or variable supply.
5. Algorithmically determined supply versus /other.
6. Technology.
7. Gimmicks.
There are many other variables determining how attractive a crypto asset may be to investors or traders but I think I covered most of the main ones.