Which cryptocurrencies are promising? Which cryptocurrency to invest in? Crypto investors constantly ask themselves these questions. And while in October-November 2017 these questions were considered only with the aim of identifying which cryptocurrency would bring greater profit compared to others, after the crypto market crash in 2018 these questions are becoming ever more relevant and involve identifying those cryptocurrencies that can be invested in with minimal risk to oneself and one's investments. The well-known cryptocurrency investor Davincij15 has presented his own system for identifying cryptocurrencies worth investing in. In his opinion, the criteria described should form the basis of the fundamental analysis of any cryptocurrency market player, and especially a beginner. Davincij15 gained enormous popularity in the crypto community after the viral spread of his own video about the advantages and disadvantages of Bitcoin, which was first published back in 2011.
The document published by Davincij15 has three sections. The first section describes the general principles of classifying cryptocurrencies into four ranks. In the second section the investor reveals the system for evaluating each cryptocurrency. In the third, the main tips for successful trading are given. So, how do you determine exactly which rank your altcoin belongs to?
Rank 1
"The coin must be in the top 25 of the ranking by capitalization, and that without counting stablecoins. The project must not be centralized. Finally, it must have solid marketing and advertising behind it."
This section can include top coins such as Bitcoin, Ethereum, Dash and Litecoin.
Rank 2
These cryptocurrencies have strong community support and good developers, but they lack marketing. Rank-two projects are quite interesting and do not copy Bitcoin. Another criterion is being listed on at least five exchanges."
EOS can well be assigned here.
Rank 3
"These cryptocurrencies have developers, but their activity is practically zero, that is, there are no updates on GitHub. Altcoins whose capitalization has fallen below 10 million dollars, but which are still traded on at least three exchanges."
As an example, Davincij15 assigned the cryptocurrency Dogecoin to this category.
Rank 4
"Dead" blockchains without a development team and community support. Such coins are traded on a single little-known exchange, and their capitalization does not exceed 1 million dollars."
Apparently, most of the digital assets of the crypto market can be assigned to rank 4 of the classification.
It is worth noting that Davincij15 is still working on the final version of the document describing his evaluation system. However, the system he has already put together makes it possible, even today, to apply it for identifying a profitable cryptocurrency.
