$UP
Very often in my posts I talk about good fundamentals, what are good fundamentals?
Fundamentals in my personal understanding are Basic Principles. So how can an asset be said to have good fundamentals? Based on my experience since 2021 in crypto, I have summarized several criteria for assets that are categorized as good:
1. It is clear who the maker is, has a credible team, and good moral values in the environment.
Often we see coins created anonymously, it could be that the creator behind the scenes is a fraudster.
Except in the case of BTC, even though the creator is anonymous, BTC is strong because it is a pioneer in the blockchain world, the longer the holder increases, even many countries are increasingly confident in adopting BTC as an alternative currency. It has proven itself to this day that it cannot be hacked, and many other factors make point no.1 not applicable to BTC.
2. Have a clear and attractive/profitable function.
The advantage in this case is that we can increase the number of coins we have without increasing capital.
3. Many active users
This means many reasons: easy to use, low cost, good security, many interesting things about this coin, for example like BNB, just by staking BNB we can get airdrop of other coins, which means our assets increase just by doing a little work. In the end, the number of users/holders and TVL will tend to increase. Examples of other assets such as $JUP, MANTLE, BGB, and many others.
4. Roadmap and Whitepaper that are done well and on time, not just mere discourse and writing.
5. Backed by strong and credible institutions/companies.
The most difficult thing to maintain in a company is "Creating and maintaining a Good Name".
Binance Lab example, will they choose a bad project to destroy their big name? It seems unlikely. Even if the project they support ends up being a failed project, it is still better than choosing a project created by Anonymous.