10 WAYS TO IDENTIFY THE NEXT BIG CRYPTOCURRENCY IN THE MARKET

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Looking for ideas on how to see which cryptocurrencies will boom in the following months and year and that will be worth buying, investing and holding? Well, let me share to you the information from Analytics Insight.

By the way ANALYTICS INSIGHT
- is a leading media authority in artificial intelligence, big data, analytics, robotics covering the latest trends in the industry.
- With a team of experienced analysts, subject-matter experts, and editors, Analytics Insight provides users with accurate, high-quality quantitative data, statistics and related information.


Oh, fyi i am not promoting them ok haha i am just sharing here what they are all about and what they do just incase you are curious about this company. 😆 Oh and you can follow them in twitter too if you like. 😉


Ok going back,
If you are one of those who are really interested in learning about ways in which you can identify the best crypto, you are at the right place. Below are the 10 ways to identify the next big cryptocurrency in the market according to them. Have a look!

Understanding the cryptocurrency market​

This is the most important of all. The reason is quite simple. You need to get a gist of the cryptocurrency market and having a fair knowledge of the same will help you understand how the digital currencies work in reality. With a decent understanding of the cryptocurrency market, you will be in a position to identify the key players.



Value of the digital currency​

There are countless cryptocurrencies available out there, each priced differently. So, if you go by the value, you might think that the one with the highest value is worth investing in. However, that’s not the case. The reason is quite simple – some started at a low price while others touched the peak. In such a case, you need to understand the journey of the crypto right from its inception. You can clearly see the difference and decide for yourself whether you should invest in it or not.



Buzz in the industry​

No wonder the entire crypto market is under the limelight for the kind of attention it receives from every corner of the world. If you are looking forward to investing in the best crypto, you already know which one it is for a fact that the buzz it would create cannot be put into words. One of the best ways in which you can come to know about the buzz is via cryptocurrency social media groups. You can see what everyone is talking about here.


Currency adaption​

As known to many, a good number of cryptocurrencies are being accepted as a currency in some parts of the world. This is where, you need to do a little research. Try to research and establish which coins will be the most adopted and stand a chance of being adopted as a currency.



Adoption opportunities​

This simply means that you should consider the project behind the token and how well it fares against its competitors. What can be concluded is that a project that has a blockchain platform with a high potential for adoption stands a better chance to be more successful than others. You need to have a fair understanding of what value the project brings to the industry and how well it has been received.



Supply​

Yet another factor that you need to pay close attention to is the maximum supply level. It is always preferable to invest in those digital currencies that have a high supply in the market. The reason is quite obvious as they have a better chance to go up in price if demand increases due to a limited supply.


Trading volume​

This is nothing. But to what extent is cryptocurrency used? The one with a huge trading volume throws light on the extent to which it is invested by the investors. Having a look at the coin’s trading volume is probably one of the best methods to assess its popularity and present use case.



Developer Activity​

In simple words, developer activity refers to the amount of work that is being done on the project by its community of developers. What can be concluded from this? Well, it’s quite simple – the higher the developer activity, the better. You can always observe the level of developer activity, look out for things like the number of updates it has undergone; how many forks have been created; how many watchers are there and the total number of stars the project has received, and so on and so forth.



Community Activity​

Just like developer activity, community activity is equally important. To what extent the crypto being followed is the key here. The bigger, the better. You will get to know this via platforms like Twitter, Telegram, forums, and Reddit.


Hope you you like it guys and hope this one will help you big.
 
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