The Art of Studying Crypto projects
In-depth framework to evaluate projects
Due to me being a part of the crypto space for a long time now, I have been asked multiple times by people about Technical Analysis, Chart Analysis, Chart Patterns and how to master them. Crypto YouTube & Crypto Twitter has made people believe that Technical Analysis is the penultimate pathway to success in the world of Trading & Crypto, but I honestly feel 99% of the crowd misses the most crucial part of the underlying success of a Coin/Token & that is Fundamental Analysis (Tokenomics, project community, social metrics etc)
Honestly any trader dipping their feet into the crypto game for the long-term should absolutely study the art of mastering Fundamental Analysis. This entire concept can take your entire trading game to the next level. Why? because it is only through Fundamental Analysis alone can uncover the multitude layers of a project-
- The team
- Total, Circulation, Maximum Supply numbers
- Social Media engagement & Community strength
So in this part of the article, I will be penning down my most detailed process on how I go about my research and I will try to highlight the best way to tackle the subject and help you in creating a full-fledged guideline to research projects with full conviction.
Please keep in mind, just like the crypto community out there, even I am always learning about the dynamically changing landscape of the space and I am in no means the ultimate source to all things converging to the penultimate research material. My experience in the field & time in the market has helped me with certain aspects, and soon with proper dedication of time, even you will be making your personal handbook 😊
Highlights of this part of the Deep-Dive
In this study, since I want to be detailed about my process and highlight key areas of research to master the framework of project research, I will focus on the following topics-
- Coin Ticker/Project name
- Project Report Date
- Introduction to the fundamentals
- Network integration, strength, scalability
- Unique Selling Points
Coin Ticker/ Project Name
The Coin Ticker is the name of the Coin/Token which is listed on the exchange. Taking the case of Chingari App — so Chingari is the name of the project and the application, but the native token for the Chingari ecosystem is called $GARI. It is very important while doing a deep-dive, that this step is executed with due diligence, since in the sea of thousands of projects & new listing every other day, you might just end up studying the wrong project.
Date of Report
This is for the basic hygiene and discipline of a project research, as it will help you keep a chronological track on when you last updated on the project. Reason? Well, you see, crypto projects are ever evolving in nature…some projects would migrate to a new contract address, some would update their roadmap data, some projects would deploy multiple testnets before a mainnet and many more changes that could impose a direct impact on the Fundamentals of the project.
Having a proper date of report & updating the same on a regular basis not only keeps your readers informed about the implemented changes, but also will help you keep a track of how your study could change overtime.
Introduction to Fundamentals
This is relatively the easier part of the report, as you can try to put more emphasis on the key features of the project, with direct references picked from the project whitepaper. I give this my own personal touch by trying to translate the key-points in a more layman language and make it much simpler for my readers to grasp the material.
Network Integration, Strength & Scalability
This is my core focus, especially when the project is only listed on a DEX. This part of my study will always include the right contract address, because in the absence of a CEX listing, the contract address is the only way to buy tokens of the project, and a wrong contract address can cost your reader a lot of money. So always be super cautious with this data.
Also on another data-point front, I try and focus on project integration, whether the project is built on ERC, SOL or another blockchain. Every chain has its own benefits in regards to transactional fees and interoperability, so having this clearly outlined can also can be a huge plus point in your study.
You should also focus on scalability of the network and how easily it communicates to different blockchains. This data should make up a hardcore part of your study 📚.
Unique Selling Points
I do not put singular focus on how many USPs to cover in my study and make sure to include as many USPs as possible to benefit the reader. Your main underlying focus should be on data-points that are easy to comprehend for the reader and in-depth enough to explain the game changing feature of the project. For example, if a project plans to integrate NFTs, you should be thinking what is the unique proposition with these NFTs, your core focus should be on how the integration benefits you and not just include something for the heck of it.
My main focus as I study the project USPs, would be the factors that makes the project in question stand out amongst the noise of other projects.
Example — I had recently attended a Twitter Space, which was hosted by CoinDCX and the guest was the founder of #plutoversexyz, & on being prodded about the project USP, the founder spoke about creating a Metaverse which would enable human interaction amongst the resident citizens of their digital ecosystem. This is a perfect example of what a project differentiator sounds like.
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A huge thank you to CoinDCX for giving me this opportunity to write such a detailed report and be a part of the #CoinDCXpathbreaker program, enabling me to share such knowledge with everyone in the crypto space.