Things to Consider When Buying Cryptocurrency

While the crypto markets have been in a bear trend the last several months, interest in cryptocurrency is still high. Every day, new investors are taking the leap into crypto assets. As the market continues to stabilize, investments in cryptocurrency will only increase.
When investing in digital assets like cryptocurrencies, it is important to follow a strict strategy and focus on understanding the key drivers of a coin’s value.
Crypto vs Stocks
While many equate cryptocurrencies to stocks or bonds, they really are different kinds of animals.
Most seasoned investors know how to evaluate a stock based on standard metrics like the price to earnings ratio, debt to equity or beta. But these types of metrics don’t exist in the crypto world.
So what do crypto traders look at when choosing an investment? The top 5 things are:
The business proposition. What need does it fill? Is it disrupting an industry or solving a problem?
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