It currently runs on the Ethereum network. It’s true that its intent is to be “agnostic” to the different networks, but the reality is it is currently and has been since its inception running on Ethereum.
Ethereum, whether you like it or not, is here to stay and it will stay the 2nd most valuable cryptocurrency for a good while.
And I am saying that as someone who considers Polkadot a better network than Ethereum.
What’s the best way to compare these projects mate? any link to a specialized site, it seems that there are tons of them, and it’s not easy to choose from.
You have to read the white paper generally speaking. Most crypto blog sites are absolutely shit and just look at the price potential but don’t consider the fundamental of the coins.
Tps (transaction per second), settlement time and fees are basic benchmarks you should look at.
Below is one image the Hedera Hashgraph project illustrated.
Also handy to see their all time highs and lows and how they have been performing over the years. You can find for each coin some basic info and links to the projects’ websites.
I’d say that in a bull market like this year, fundamentals are less important for price performance. And in general - in a bull market - projects that have to yet realise their potential are increasing more in value than those that already hve working products. Sounds counterintuitive, but that is how it is.
Yep, to add, fundamentals are based off methodologies taken from the stock market. The crypto market is vastly different and a lot of these technical indicators and chartists are absolute nonsense.
The fundamentals you should be checking are the facts of which institutions are supporting these networks by developing on them. This is called utility.
The more institutions that back a project, the more likely you’ll see volume on that network and the coin to use it. That’s how “fundamentally” the price goes up.
One of the fundamentals directing the market is TVL (total value locked), it’s pretty much what a lot of these defi tokens are fighting for. Higher TVL = higher confidence from investors in the product.
Sushi, uniswap, badger, aave, SNX to name a few.
TVL to market cap ratio and ability to convert TVL into benefits for holders of the token. To me these are the key fundamentals this bull market.
Always have a stocks and shares ISA as your primary account imo. One day if your money grows substantial enough you don’t want to be paying capital gains on what you make.
I just spent my weekend convincing all my friends they’re fucking stupid not to have an ISA as their main investing account. That 12k CGT allowance is definitely getting slashed next budget.
It’s so silly mate. Why hold a cash ISA when interest rates are zero and on the other hand retail traders are chucking their cash on equity markets because barriers to entry are pretty much non existent now days
@Gio I have a HL SSISA and can confirm there’s no monthly fee to pay other than transaction fees and a very small account charge which is like 0.45%.