Get to the Moon
Step Three - Market Analysis
"To the moon" is where everyone and his dog aims to reach in the universe of cryptocurrency, meaning parabolic increases in a bull run. Unlike traditional investments, what makes the crypto space so exciting are the endless possibilities of incredible gains. DO NOT be surprised if you wake up one morning and one or more of your assets have increased by 5, 10 or even 100 times. Keep in mind, choosing the wrong coin could lead to a total loss. So, how do you circumnavigate this happening?
YOU need to watch the market; by now, you should have found your go-to creator on YouTube. It would help if you also knew what area of the crypto space resonates with you best, allowing you to drill down to specific coins and reduce the amount of research required to be carried out.
Remember, the channels you follow ONLY share their experience; they are not providing financial advice, so you still have work to do. Plus, you will always want to buy at the lowest price and sell at the highest. That said, it is an excellent time to point out; you can't always buy the bottom or sell at the top ( let's face it, you wouldn't be reading this if you could ), but you do want to get the best price where possible.
Research is critical. Use your preferred influencer as guidance only, check the charts and OWN WHAT YOU DO! Below you will find the tools we have used over the years to identify the best places to find coin specific information along with indicators to highlight the optimum times to buy and sell.
VoskCoin is sharing content from the greatest depths of Youtube. His youtube channel acts as a directory for everything crypto. You will soon find it a godsend as many believe that ( no conspiracies here people) Youtube restrict sharing content in the crypto space. Maybe that will change with mass crypto adoption but for now, Thank you, VoskCoin. Good Job, Sir!
A big, big thank you to TM Lee, Bobby Ong and the team for creating CoinGecko. The site provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.
DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Their rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, DeFi Pulse curate The DeFi List, collecting the best resources in DeFi, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. Scott Lewis, you, sir are a pure genius! Thank you!
Jay Cassano has a passion for delivering unbiased news, in-depth analytics, comprehensive cryptocurrency price charts, insightful opinion pieces, as well as regular reports on the social transformation that digital currencies bring. Jay's team works every day to help educate our readers and raise awareness of the intricacies and advantages of today’s digital revolution. Always a great morning read, thank you.
Owned by Binance and the brainchild of Brandon Chez. CoinMarketCap is the world's most-referenced price-tracking website for crypto assets in the growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, accurate information for drawing their informed conclusions.
Backed by Antanas Guoga, a blockchain enthusiast (amongst other things) and spearheaded by Gediminas Klepackas. Cryptonews.com offers original coverage of the global blockchain and cryptocurrency news, provides opinions, reviews, guides, introduces to Crypto people intending to help the general public understand and successfully use these technologies now and in the future. Fantastic work guys and girls! Ačiū.
CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets contribute to the evolution of the global financial system. Its mandate is to inform, educate, and connect the global investment community through news, data, events and education. We want to give thanks to Shakil Khan for making all of this possible. You, sir, are an inspiration to many, Dhan'yabāda