Topic: How to choose the right type of cryptocurrency to invest in 2018 (Read 81 times)

In order to predict which coding to invest, here are some important factors that you need to consider.

1. Trading volume in 24 hours
High transaction value per day, it will tell you the power of this coin. You must select a cryptocurrency with the minimum transaction value 50,000 USD each day. This for the trust level found that all people on it.

2. Liquidity of Cryptocurrency
You can measure the liquidity of an cryptocurrency by the percentage of trading volume and volume traded with its BTC. You should avoid exchanges that have suddenly increased trading volume to attract more traders. When this happens with a cryptocurrency or trading platform, you must perform an analysis of the increase in trading volume without increasing the price.

3. Marketcap and current market value
The marketcap of a coin can be estimated by multiplying the amount of coin at the current market price. The current price of coin is not really an indicator of its real value and you should not decide whether to invest in it or not. However, what you should consider is the future goals and techniques that the coin prefers. From there, you will not be fooled by the low price of a coin if you want to invest in it.

4. Developer activities
Anyone who is in the field of software development (website coding and design) can produce their own coding money without much advertising. However, since this is too easy, you can easily be tricked. You need to analyze and seek out the developer's information in order not to invest in the wrong place.