A cryptocurrency analysis involves examining all the available information about a digital asset. Understanding and researching the topic helps an investor to determine its trends better.
What is technical analysis in crypto?
Technical analysis involves using mathematical indicators to evaluate statistical trends to predict price direction in the crypto market. This is done by looking at past price changes and volume data to determine how the market works and predict how it will affect future price changes.
What does cryptanalysis mean?
Cryptanalysis is the decryption and analysis of codes, ciphers or encrypted text. Cryptanalysis uses mathematical formulas to search for algorithm vulnerabilities and break into cryptography or information security systems.
What are the key metrics to a cryptocurrency's fundamental analysis?
The most fundamental metrics to a cryptocurrency’s fundamental analysis are hash rate, number of active addresses and transaction count, as well as transaction values and fees. Let’s take a closer look at how this data grants trading insights.
