Please ensure Javascript is enabled for purposes of website accessibility
 

Blockchain Activity Matrix

Are you stumped by which cryptocurrency coins and tokens you should invest in? I have various rules I follow and steps I take when evaluating new altcoins, but they all truly boil down to a few key things.

  1. Does the coin have utility value? What problem is it solving that is different from Bitcoin or Ethereum? If you can use Bitcoin or Ethereum in the same way… the coin or token is 9 out of 10 times worthless. I need a coin/token that stands apart (and can stand alone) from these two main ones (BTC and ETH hold the lion’s share of the cryptocurrency market value and solve most issues thus far).

  2. How quickly can I buy and sell the cryptocurrency? This is liquidity. I typically want a minimum of a 9-figure (anything over $99,999,999) market capitalization (total money invested in that crypto), so I can easily get in and out of my crypto holdings.

  3. Is anybody actually using this cryptocurrency? This is where blockchain activity comes in and the use of the Blockchain Activity Matrix at: http://blocktivity.info

  4. As you can see in the image below, the total actual transactions (activity) on each cryptocurrency blockchain below for the past 24 hours:


Which Crypto Should I Buy?

We cover how to research and buy a cryptocurrency in our Cryptocurrency Mastery course: https://www.coursenvy.com/cryptocurrencies


If you REALLY enjoyed this content, please the Coursenvy.com team a Bitcoin donation so we can keep creating content and courses like this:

Bitcoin Wallet Address: 143vLEzxy6ri3hBaUbboHbsaWLSL1ziWof


Thanks again for reading our post and make sure to perform ample due diligence before investing your own hard-earned money in cryptocurrency. This is a very speculative market that is just in the FIRST inning. There is CRAZY money to be made in cryptocurrencies, but as much or more will be lost while this new market grows.


Our mantra at Coursenvy… EDUCATION EDUCATION EDUCATION!


“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein


PRO TIP: Safely Store Your Crypto on a Wallet

Get a wallet to store your cryptocurrency safely offline: https://www.coursenvy.com/ledger


0 views0 comments

Recent Posts

See All

Learn how to find email addresses with the best software and websites we've discovered! Top Software for Finding an Email Address https://zoominfo.com https://rocketreach.co http://hunter.io https://c

Keywords are words or phrases that are used to match ads with the terms people are searching for. The keyword match types dictate how closely the keyword needs to match with the user’s search query so