So you want to study a cryptocurrency? Look nowhere else than this article which gives you all key points and factors to help you do it. The craze for cryptocurrencies is rising day by day and it is time we actually study them.
1. White paper
A white paper is the backbone of any cryptocurrency. It is first you touch if you want to study. It encompasses the purpose of the coin and also includes technical details which are useful while studying.
You should know the founding members of the cryptocurrency. Find them on social media. Read their interviews so that you can get the full idea of their vision.
Goals or checkpoints are what drive the cryptocurrency. You can spot where is the coin right now on its journey.
If you can, please find out how the cryptocurrency is being funded. It is necessary to know who is really behind the coin. Go through all the pages of the cryptocurrency website to find the funding information.
Compare the initial and after launch reactions of the cryptocurrency. Search for an online discussion about the cryptocurrency and find the expectations of users for the coming years and what expectations were met till now.
The public opinions on the cryptocurrency are based on many factors. There are people who really understand how cryptocurrencies work and share their opinions on forums and blogs. Start talking with them about the cryptocurrency.
7. Technical Aspects
The coin distribution, volume, mining, blockchain, etc – these technical terms matters if you want to study a cryptocurrency.
What’s the future of a cryptocurrency? Read what expert are saying about the cryptocurrency. Also, you need to know the future important dates in the life of a cryptocurrency which can shape it on a big scale.
9. Ask Questions
Whether on its official site or on social media, ask questions to those involved in that particular cryptocurrency.
Study the coin’s previous price movements, volume, mining difficulty, demand, etc.
Every coin has some limitations. That’s why some folks try to create an alternate one to minimize the limitations.