The term 'fundamentals' is thrown around a lot in crypto. This throws a lot of people off because they think every tiny increase in a growth metric leads to developing of fundamentals. It also ends up confusing people who are familiar with investments. This is because fundamentals in crypto are a seperate dimension compared to other assets.
Crypto fundamentals essentially boil down to major news, user growth, transactions per block (or block size), fees, confirmation time, and most of all security. Understanding fundamentals in crypto requires a deep understanding of the dynamics that create the network.
Investing in Apple doesn't require you to understand how an iPhone is developed and how the security measures are. All you are concerned with is "are people buying it and does it work?"
Investing in crypto without understanding how the network works is a recipe for disaster. You need to understand what you're getting into as well as learn of the specifics so you can track usage and growth. Investing in crypto is more on the lines of venture capital than public equities/stocks.
ICO's require an extra layer of scrutiny with a detailed framework. The take away from this is that you absolutely have to spend the time learning the ins and outs of it all before you consider investment. Easier said than done, but not doing detailed research is a surefire way to throw your money away to world class marketers with no real product.
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