1. Analyze the coin’s fundamental value: This includes looking at any active and upcoming development, its purpose and utility, the team behind it, and its current market capitalization.
2. Assess the project’s competitive advantages: Research the project’s competitive advantages, such as its technological features, user-base and potential adoption rate.
3. Consider the coin’s trading history and market sentiment: Look for patterns in its historical prices and analyze the current market sentiment.
4. Monitor the news and legal developments: This includes staying up to date with any news, regulations and rulings related to the coin.
5. Examine the coin’s liquidity and volatility: Compare the price of the coin across different exchanges and evaluate its liquidity and volatility.