Crypto Fundamental Research Role In Boom And Bust Cycle

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Fundamental analysis helps the most in the cryptocurrency investment to make more money and it is even better than technical analysis. The accuracy ratio is more than the technical analysis and because of this reason, I believe most in fundamental. If you are investing in any crypto project then study carefully before investing otherwise you are going to lose the money because the media only cover the successful people but no one asks the people who lost the money media not going to cover them.


If you are inspired by that success story and going to make an investment then you are doing a mistake, my friend. I just want to say that always check both sides of the coin. Anyway, If you have come to the crypto industry then fundamental is going to be your main weapon for sure. I am going to share some tips here so that you can do fundamental research on any crypto project.


Why do you need fundamental analysis in the crypto space?


Crypto is not regulated which means bad actors can create a cryptocurrency and try to loot you. You can't even recognize which project is genuine and which is not. These bad actors just use blockchains like BSC, ETHEREUM, SOLANA and now BRC20 is also available. Do you know what is their technique to gain your trust? They are using strategies like influencer marketing, Pump and dump, advertising, conferences, PR News media, and providing airdrops to the user this way they are getting your trust.


After seeing all these things you just trust that crypto project and you invest your money. This is happening in another field also but in crypto, this is happening more than the other fields. Decentralization is a big benefit for people but at the same time, you have to be careful about this.


Recently I shared a post regarding 700+ coins death in 2018 most of the coins are made on the Ethereum blockchain and processed through ICO (initial coin offering) and most of the not even listed in the exchanges. Fundamental research plays a big role here and because of this reason, you can use your fundamental research skill to recognize the best crypto project for you.


Read the whitepaper and roadmap


Reading the white paper will give you so much information regarding the project. Just read the genesis league sports whitepaper and you will get a guess. Similarly, you have to check the whitepaper of the project where you are willing to invest. Also, check the roadmap so you will know what they are bringing in the future which is most important.


In the whitepaper, you will learn many things such as the purpose of the project, industry role, use case, tokenomics, team, and more. By checking the roadmap, I got the idea that there is a lot to come on sps node validator license and this information helped me to buy this license and I purchased it. Also, there is information regarding lands and sps use cases. Investors feel that this is a promising thing which is the major reason that most of the investors are attracted to splinterlands.


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Some whitepapers are not easy to understand because it is depended on the project type. But you have to solve it to get the information. An easy way to find the whitepaper is to go to the coingecko or coinmarketcap and if the project is listed there, you will easily get the whitepaper link otherwise you have to find it on the website or contact the team of that particular project.


Checking the community and social profiles


One by one check the team members' backgrounds. Like how much old the social profiles of the team members are and their history. Their past work in the industry and experience. Check their Linkedin and Instagram profiles where you can find their past details. This way you can do deep research on them. Remember, only a team can run the project successfully which is why a strong team is required. If the team is not stronger then the project will not survive and if you feel any fault in the team then do not invest in that project.


So That's all, Reblog and share this post.


Thank you, everyone.


Lucky Ali


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185300304_441507187470261_6630906744872723300_n-removebg-preview.pngHi I am lucky ali from gujarat, india. I am crypto enthusiast, blogger and SEO developer. I always interested to learn new things and getting new experience. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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media only cover the successful people but no one asks the people who lost the money media not going to cover them.

well said

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Listening to both sides is really important because we can easily be fooled by one sided stories. I always like to listen to the pro crypto project guys and the anti crypto project guys before coming with a decision on what to do next.

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Exactly and this is what I want to share in this post. We have to listen to failed stories as well.

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