What to do when selecting a Crypto to invest in - Part 3 by mandate

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· @mandate ·
$3.58
What to do when selecting a Crypto to invest in - Part 3
You should also consider the total and circulating supply. Total supply of a coin represents the maximum quantity of coins that can be mined or enter the market, 
while circulating supply means the current quantity of coins in the market.

 Since most coins are mined and a certain amount of them are held by the founding fathers, there is usually a difference between the two figures.These figures become significant when evaluating the value of a crypto project. 

Due to the basic principle of supply and demand,  the supply of coins has a large influence on the price of the coin. Bitcoin�s total supply is only 21 million coins. This is one of the major factors that keep its value up.
Lower supply means higher demand.

Initial Coin Offerings (ICOs) are the go-to method for crypto organizations looking to come up with working capital and bring forth brand new cryptocurrencies.


This involves betting on the organization that can deliver the product successfully and give you returns on your investment.
When deciding on which cryptocurrency to invest in, Initial Coin Offerings present you with a good chance. In essence, you have no past historical charts to guide you.


So you have to rely on your comprehension of the coin, what makes it unique amongst others, and the team behind the product. If you are just s beginner,  investing in a good Initial Coin Offering would aid you acquire massive profits. 

To help you be in a position to spot the next profitable Initial Coin Offering,  look into past successful offerings and keep track of recent popular ones in the market.	

If you missed out on an Initial Coin Offering, you have an opportunity to purchase the currencies on cryptocurrency exchanges so my next advise to you is to look into them. 



![download (14).jpeg](https://files.peakd.com/file/peakd-hive/mandate/EokbaiJeqoMksGZ41rMb1QQbQ15myJvCF82dMAFxFaQHJRwhAc9oiT9nzyPmCESGyWk.jpeg)

[Image Source](https://www.easycointrading.com/trading/how-to-select-altcoins/)

Most popular and established exchanges limit the currencies they trade. You are more likely to discover a better investment on less popular platforms.


To secure your investment, do your own research on the crypto exchange and the people running it.	
	
	Another important tip I would love to bring to your awareness is to conduct your own research.


Listening to an organization's team members' opinions is necessary but nothing gives you better judgment and clarity than doing your own research.
Before deciding to trade or invest in any cryptocurrency at all, look at their past historical charts. Key areas to focus on the market capitalization or "market cap" as it is commonly called.


The price is important but it is not something to get stuck on. Seek stability and look into a crypto�s full history.
A digital currency can still be in its growth stage and might show a past record of continuous development. On another note, it might have a history of big pumps or highs and large corrections or dips. 


Avoid currencies that have suffered large drops in their market cap. This is an indication of declination in demand which is obviously not a good sign for the future of the coin. 


Find out as much as possible about the organization behind the cryptocurrency, and the problems it intends to solve. Seek cryptocurrency that have innovative technology and strong backing of the idea. 


Thank you for stopping by to read my article. 

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@alokkumar121 ·
@tipu curate
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@madridbg ·
Greetings @mandate firstly thank you for leaving your perspective to the service of all, which allows us to have a broader view of the market and therefore have more accurate and more profitable entries. Thank you for your contribution
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@trabajosdelsiglo ·
hello @mandate,
at this time when the market is a little crazy I think the only thing that guarantees the stability of a coin is luck, personally when I evaluate a coin to invest I focus more on the utility of the coins and not only in the amount circulating, but it is only my method.
👍  
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