FUNDAMENTAL ANALYSIS OF A COIN
This is the analysis a traders do to know the value of a coin. In other words to know if the coin is over-valued or undervalued.
📌What to check in Fundamental Analysis.
1.Market Capitalization: This is the total market value of a cryptocurrency.
2.Volume: This shows how much of a cryptocurrency was traded in the past 24 hours.
3.Circulating Supply: This is the amount of a coin that is circulating in the market & are in public possession.
4.Project Information Of The Coin: This entails the various usage of the coin and its relevance to the crypto community.
NOTE: These info can be seen on coinmarketcap.
Therefore, if a coin has plenty use cases/relevance & many people are trading it, then the coin is a prospect. Especially when the Price is still small get it.
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