“Fundamental analysis is a method of evaluating an asset in an attempt to assess its intrinsic value, by focusing on economic growth, financial position, qualitative and quantitative factors among others affecting the asset.”
Cryptocurrency trading has taken shape since the start of 2017 when the market experienced a sharp reversal in prices of the digital assets. During the year the crypto market saw a significant boost in the number of investors buying into the industry. In December through January, early investors made massive gains on their initial investments as prices reached an all-time high.
The current market is on such an uptrend as Bitcoin (BTC) climbed above the $4000 USD mark showing signs of an upcoming bullish momentum. The increase in the price of Bitcoin coupled with the “alt season” we are in is pushing more investors to the field recently. However, before starting to trade on cryptocurrencies, you need to select an investment strategy which falls under two major categories; fundamental or technical analysis.
Check out the top red flags you should be aware of before making a cryptocurrency investment here.
Read the full article in: https://icodog.io/guide/guide-for-cryptocurrency-fundamental-analysis/
By Lujan from icodog.io
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