1. Research the project behind the cryptocurrency: A good starting point is to research the project that is behind the cryptocurrency you are considering. Look at the whitepaper and understand the team, partners, and users of the cryptocurrency.
2. Analyze the technology: Consider the technology behind the cryptocurrency. Understand the consensus algorithm, block times, security features, scalability, and interoperability.
3. Check the market capitalization: Make sure to check the total market capitalization of the cryptocurrency in order to understand the amount of money that is invested in the project.
4. Observe the crypto-market: Keeping track of the crypto-markets is also a great way to pick the right cryptocurrency. Watch how the cryptocurrency responds to certain market conditions.
5. Evaluate the use cases: Understand how the cryptocurrency can be used, what type of transactions it can facilitate, and the overall impact it can have on the industry or sector.