Even a 10-year-old can conduct fundamental analysis research! Grab your popcorn, and let me explain.
Imagine you want to buy a lemonade stand. Before you spend your money, you'd want to know some important things about the stand, right?
Like:
- Who's running the stand?
- How good is the lemonade?
- How many customers does it get?
- Does it make money?
Fundamental analysis in crypto is similar. It's like researching the "lemonade stand" (the cryptocurrency) to see if it's a good investment.
You look at things like:
- Who created the cryptocurrency?
- What problem does it solve?
- How many people are using it?
- Is it making progress and improving?
By answering these questions, you can get a better idea of whether the cryptocurrency is a good investment or not. It's like deciding if you want to buy that lemonade stand!