Cryptocurrency Analysis

[robertbanking]

Hello,

I am a long term investor in numerous US stocks and invest in the company looking at the company management and alot of fundamentals to determine the future growth of a company. I wanted to kindly start investing in Cryptocurrency but i am not sure where to start. Can anyone kindly please advice what i need to look at to determine the long term potential of future Cryptocurrencies please? How can i kindly determine the correct entry price please for certain Cryptocurrencies?

Thank you very much for any support you can give. Have a great Sunday!

 

[Farm Yard Forex]

I would look at some of the top cryptos on coinmarketcap and then delve into the white papers and see which ones look interesting and appear to have growth potential in terms of their usefulness. Look at some of the companies that cryptos like Solana, Ethereum, Cardano, Polkadot etc are working with and at their roadmaps. It will seem more familiar to the stock research you are used to doing I would think.

 

[Smith2525]

Yes coinmarketcap and coingecko are great places to get info on coins. Pick a few and research them as much as you can. There is a lot to learn

 

[robertbanking]

Thank you very much sebking1986 and others that was really helpful. I will start my research into this, thank you very much indeed. You are all diamonds here.

 

[Farm Yard Forex]

Thank you very much sebking1986 and others that was really helpful. I will start my research into this, thank you very much indeed. You are all diamonds here.

I will be interested to hear what catches your eye once you have taken a look.

 

[Jungletrader]

BTC 50% Eth 25%
Alts of which are top tier on Coinmarketcap 10%
Than 15% on Cryptos that are getting a push on Twitter or IG

 

[Roslina]

Market stats
Market cap
₹77.4T
33% of the crypto market

Volume (24h)
₹2.5T
-19.48%

Circulating supply
18.9M BTC

 

[Artycharty]

 

[Artycharty]

 

[WalletInvestor]

I would also start with top cryptocurrencies - the usual recommendation is top 10 cryptos by market cap. Take a look at their fundamentals and value propositions, that can help you determine which is likely to have potential. With smaller coins and especially tokens, it is really difficult to predict which have good potential, but there have been many that skyrocketed over the years, so it might be worth to allocate a smaller percentage of your crypto portfolio to tokens and spread that money out over several ones.

 

[Henow1969]

Yes coinmarketcap and coingecko are great places to get info on coins. Pick a few and research them as much as you can. There is a lot to learn

Yes, it is right. You can find many new and old coins of coinmarketcap and coingecko and after research you can buy coins to make a profit later.

 

[Farm Yard Forex]

I think of the two CoinGecko tend to have more accurate prices.

 

[PatrickW112]

I would also start with top cryptocurrencies - the usual recommendation is top 10 cryptos by market cap. Take a look at their fundamentals and value propositions, that can help you determine which is likely to have potential. With smaller coins and especially tokens, it is really difficult to predict which have good potential, but there have been many that skyrocketed over the years, so it might be worth to allocate a smaller percentage of your crypto portfolio to tokens and spread that money out over several ones.

Why?

 

[Jungletrader]

I use both always nice to see the variations in price and chance some Crypto Arbitrage!

 

[WalletInvestor]

Why?

My answer touched on a few things, which part would you like me to elaborate on?

 

[SheilChassy]

To do this, there are many tools and open access to various information on the Internet.