Crypto coin analysis can be done in various ways, such as fundamental, technical, and on-chain analysis.
🔺Fundamental analysis
Understand the project's white paper to understand its goals, technology, and roadmap
Evaluate the project's development team, advisory board, and strategic partners
Evaluate financial metrics, such as market capitalization
Evaluate project metrics, such as development team, technology, and project roadmap
Evaluate on-chain metrics, such as transaction volume and active wallets
Evaluate market opportunity, such as whether the project meets a real market need
🔺Technical analysis
Understand trend lines, such as uptrends and downtrends
Understand support and resistance levels, such as price levels where a downward price trend will temporarily stop
🔺On-chain analysis
Use on-chain analysis tools to examine data such as transaction volume, unique address activity, and trading volume
🔺Pay attention to market news and the latest developments
Stay up-to-date with market news to anticipate price movements
Implement good risk management to avoid losses big
