BEGINNER'S TRADING EDUCATION: Learn with Angel (part 1Bii)

The concept of Fundamental analysis (FA) Continues...

Ultimately, the aim of fundamental analysis is to determine a cryptocurrency’s intrinsic price.

When you compare the fundamental value to the current market price, you can see whether the crypto asset is either undervalued or overvalued. An undervalued asset can represent a buying opportunity, while an overvalued asset can signal it’s time to take profits.

Consider a meme coin like Dogecoin, does it have any intrinsic value? The technology entrepreneur Mark Cuban doesn’t think so, saying “That’s not to say [dogecoin] has any intrinsic value. It doesn’t right.”

However, when we apply the tools of fundamental analysis, we are more informed. So, what is Dogecoin? Firstly, we can see it lacks many fundamental value propositions like a roadmap, developer team, and even a whitepaper.

Still, it does have a market cap worth tens of billions, hundreds of millions in 24-hour volume, and is one of the most known of any cryptocurrency. It even proved a use case when Mark Cuban’s NBA team, the Dallas Mavericks, accepted it as a payment method for tickets. Clearly, it has an intrinsic value.

While the fundamental analysis may indicate that at $1 Dogecoin would be overvalued, at 5 cents it could be a great buy.

Key information to inform fundamental analysis:

✅ Market cap
✅ Volume
✅ Tokenomics
✅ Total value locked
✅ Roadmap
✅ Team members
✅ Community size and engagement
✅ Rate of network growth
✅ Rate of adoption
✅ Whitepaper
✅ Use case

By considering these and other factors, investors can use fundamental analysis to make informed decisions about whether to buy, sell, or hold a particular asset. Fundamental analysis can be a useful tool for short and long-term investors, as it helps to identify companies with strong financial fundamentals that may be well positioned for growth.

like and share for the part 2 coming shortly!!
#crypto_Angel #bullrun

📌📍5 Hidden Tips to become very profitable in Future trades📌

1. I personally have a very high openness to experience. What does it mean? While trading I like to experiment.
How to do this? Most time I start trading after intensive study sessions so that my mind isn't hungry. You are always trading, you just don't realize this and by staring into the charts, the charts stare back LOL.

2. Ask yourself: how do I help with improving market conditions? When shorting, how do you know that the price is too high? & when Longing, how do you know the price is too low? The answers will help you gain incredibly.
3. Analyze your trades and discover new tips.
4. Learn from your mistakes. Graph them.

5. Understand that market conditions change. Your edge must adapt to the current market conditions

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#crypto_Angel

BITCOIN CROSSES $62k, ETHEREUM & ALTCOINS MIRROR SENTIMENTS

The crypto prices today recovered from the recent losses with bitcoin surging past $62,000 while Ethereum and other altcoins followed with significant gains.

WHY CRYPTO MARKET SOARING

Bitcoin recovered from recent dips and sustained the $62,000 level.
ethereum also recorded an uptick and surpassed $2,900.
solana inched closer to the $150 mark.

The top crypto prices today witnessed a rebound as the bitcoin (btc) price extended above the $62,000 mark. moreover, the ethereum (eth) gained notably and sustained the $2,900 level.

1. Bitcoin:

The bitcoin price soared 2.57%, reaching $62,487.50 at the time of writing on tuesday, may 14. on the other hand, it’s trading volume spiked 65.26% to $27.70 billion in the last 24 hours. whilst, the crypto’s market capitalization stood at $1.23 trillion.

2. Ethereum:

The ethereum price gained 1.88% to $2,941.82 at press time with a market valuation of $353.40 billion. whilst, eth saw its trading volume jumped 53.71%, reaching $12.23 billion.

3. Solana:
the solana price approached the $150 level amid the rebound frenzy today. the solana price rallied 6.39%, settling at $148.59. in contrast, sol witnessed a 69.38% hike in trade volume to $2.23 billion in the last 24 hours.

4. XRP :
whilst, the xrp price managed to attain the $0.50 mark again. the xrp price recorded a gain of 2.99%, reaching $0.5069. on the other hand, xrp’s trading volume shot up by 39.31% to $849.93 million.Meanwhile, the Cardano crypto price was up 2.42% to $0.4372 today. Whilst, ADA recorded a massive surge of 78.38% in its 24-hour trading volume, settling at $360.23 million.

6. Dogecoin & Shiba Inu :
The Dogecoin price rallied 9.83% to $0.1508 while its rival, Shiba Inu price soared 8.31% and traded at $0.0000236.

References :
°Coinmarketcap
°CoinGape

Remember, the market awaits the release of U.S. inflation data: Producer Price Index (PPI) on Tuesday, & Consumer Price Index (CPI) on Wednesday.

#crypto_Angel #Binance

🍭⏰💰MAKING MoNEy with DeFi Just got More Interesting 🔥

Discover a New Way in DeFi Earning ⤵️

Guar Finance is emerging as a pathfinder in the rapidly evolving decentralized finance (DeFi) industry, making DeFi investing more accessible and secure for a wider audience.

Simplifying DeFi Investments:

Guar Finance is dedicated to removing the risks and complexities typically associated with market-making and liquidity provisioning in decentralized exchanges (DEXs).

It enables individuals to confidently engage in the DeFi economy by offering easy-to-use, safe, and effective procedures.

Key Features of Guar Finance:

● Simplified Pool Participation: Lowering barriers to entry, making DeFi accessible
for everyone.

● User-Friendly Platform: An intuitive interface that simplifies the DeFi investment
process.

● Stable Rewards: Ensuring secure and stable returns for users.

● High Security: Emphasizing the safety and security of user investments.

Upcoming Testnet Launch on Chromia Blockchain:

Guar Finance is thrilled to announce the forthcoming launch of its testnet on the Chromia blockchain.

This launch offers customers a one-of-a-kind opportunity to learn about the platform's revolutionary features while earning prizes.

Participants in the testnet will be able to win $100,000 CHR, providing an exciting incentive to participate and contribute
meaningful input.

Why Participate?

● Exclusive Access: Be among the first to experience Guar Finance's groundbreaking
features.

● Earn Rewards: Participate and stand a chance to win 100K $CHR.

● Contribute to Innovation: Help shape the future of DeFi by providing feedback & insights.

Stay tuned for more details on how to participate in the testnet and take advantage of this
exciting opportunity.

Have fun performing the Zealy task ⤵️
zealy.io/c/guarfinance

Not a financial advice , do your own research.

btw, how are you all enjoying your tapping game? which one is coming to #Binance first 🤔

#crypto_Angel #DeFi