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Things to consider before investing in Cryptocurrency

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David Mark
Things to consider before investing in Cryptocurrency

Our mission is to increase the rate of adoption by providing a free defi academy that should help people get from point A to B in understanding the crypto space.

Our second initiative is to build user centric crypto apps that make managing your defi portfolio much easier.

Finally, we have a white label NFT minter for artists that give the brand power back to the artist by allowing them to mint on their own .com (as opposed to an open market place like OpenSea).

The industry generates a large amount of data as it is based on transparency. The total value of all the coins or tokens that have been created, known as market capitalization, is a key statistic in the space. On services like CoinGecko and CoinMarketCap, you can compare cryptocurrency data.
 
A cryptocurrency, at its most basic level, is a digital asset that uses computer code and blockchain technology to operate independently of a central entity - whether it is a person, company, central bank, or government - to control the system. Also, bitcoin was the first cryptocurrency to gain popularity.
 
It's useful to know how many active users a network has and what they're doing on the network. Is the project addressing a real issue? How widespread will a protocol's adoption be, both among businesses and individuals?
 
Generally, protocols with a strong developer ecosystem are seen as stronger projects, as this indicates that the codebase is being maintained and improved by a large number of individuals.
 
Investigating a cryptocurrency project's team might be beneficial, but it can also be difficult. As the crypto investing or ecosystem has a strong privacy culture, many users, developers, and even the C-suite prefer to remain anonymous, using simply a pseudonym. But this does not always imply that the projects are untrustworthy.
 
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