Don't be stupid when you enter the cryptocurrency world. Many newbies in crypto are interested in prices. They think you should buy low and sell high. Crypto trading is like that at a glance, but you have to know that there is an ecosystem behind a coin and an asset.
Here are the things you should pay attention to when trading crypto.
A coin or an asset token
You must be able to distinguish between coin tokens and asset tokens. Hive is a coin, and POB is a token asset. The price of course will be based on Hive.
Community and ecosystem
You have to investigate the community of a crypto coin or asset. Is the community real or fake. Bitcoin has the most established community and ecosystem compared to other coins. El Salvador has legalized bitcoin and may follow other countries in making policies like El Salvador.
Marketcap
Marketcap is market capitalization or total market supply multiplied by price. The bigger the marketcap, the more established a coin or token asset is.
Trading volumes
You should also look at the trading volume of a coin. Marketcap can be manipulated, but trading volume is difficult. The greater the trading volume, the greater the demand for the coin.
exchange listings
You also have to pay attention to where the coin is listed on the exchange. The more exchanges there are, the bigger the coin community is.
