LIVEDear Gems!
Below are a few fundamentals to check before you buy any #token before the bull, inorder to curtail some avoidable mistakes of buying some #Shitcoins or valueless tokens.
i) Utility: Utility has to do with the value or usefulness of a commodity or token. When cryptocurrencies have utility, they allow users to perform specific actions. Before you buy any coin this period, make sure to check it's utility or used case or "fundamentals".
ii) Market Sentiments: This has to do with people's perception about the ecosystem or Blockchain. Always check the Bearish percentage and the Bullish sentiment, and as well as the neutral ground, before you buy.
iii)Competition: How competitive or active is the ecosystem or the community you want to identify with? are there really forces that will enable the project thrive in short or long term distance.
iv) Market Capitalization: This is a crucial aspect you mustn't downplay, before you buy a coin or identify with a project. Tokens with large market capitalizations always stand out and always thrive more than the crawling ones. So always check out this, before you buy that token.
v) Liquidity: What is the prospect of a good token without a backing liquidity. Liquidity goes a long way to boost some token and help to stabilize them in bearish times.
....to be continued.
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