On this video, I talk about tips on how to choose the perfect cryptocurrency to put money into. My major 4 standards are:
1) Excessive present hashrate to safe the community, in addition to a historic hashrate chart that slopes up and to the appropriate, exhibiting that the community is rising and turning into safer on a regular basis
2) Market cap that’s massive sufficient to draw large traders. Something beneath $100 million is tiny.
3) Fastened max provide: if they’ll hold printing extra cash, it might damage the worth of your funding
4) Decentralization is finest: be careful if there’s a controlling company, a charismatic founder, different indicators of centralization, pre-mined cash, or insiders dumping (like there may be with XRP)
A foul hashrate chart will seem like this:
A great hashrate chart will seem like this:
Does Monero have a max cap:
My favourite Bitcoin dashboard:
Not funding recommendation! Seek the advice of a monetary adviser.
Matthew Kratter is the writer of the Amazon best-seller “A Newbie’s Information to the Inventory Market”:
https://www.amazon.com/Newbies-Information-Inventory-Market-All the things-ebook/dp/B07S31TBF5
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