#cryptooinsigts
Always consider both fundamental and technical analysis before investing in any cryptocurrency. Price activity, institutional adoption, and on-chain activity can provide further insights into the potential value of the project.
The simplest way to conduct fundamental analysis is to look at supply and demand dynamics. Additionally, market capitalization value can be considered.
Fundamental analysis aims to assess the intrinsic value of assets, while technical analysis involves studying statistical patterns in the price and trading volume of those assets. Both techniques are used to analyze and predict potential developments in the asset's price in the future.
Moreover, significant events such as protocol updates or hard forks can play a major role in the overall price of the currency.