Crypto Academy Week 6 - Homework Post for @besticofinder -- Part#2
When I first started trading I had no idea which token or coin I should buy and at the time I thought that the higher the token or coin the more crypto profit would be made. And if someone told me that this coin would give you a profit, I would buy crypto without understanding and thinking. But I always lost at that time. Then slowly I realised that not every coin makes a profit. Rather, crypto trading is an ocean. And there are thousands of coins in this ocean, which is very important to understand. Now whenever I buy a coin, I keep the following in mind before buying it.
The company or blockchain is especially important in cryptocurrency. Coin or crypto is launched by which company or blockchain.
And what is the background or past of this company? And what is the role of this company in crypto currency? Because a lot of scam coins temporarily make a fuss in the market and then get cheated. Thus the background of the company is very important.
The other important thing is that if the company is reliable, then it is important to look at the team. Because the team is that organization. Which takes necessary steps regarding coin. If the team is good and has extensive market experience then the company can make a profit.
The third thing that is very important is the community. Because I'm pretty sure the community, if it's big and active, can take any coin to the top. So it's important to look at the community. The larger the community of any coin, the more reliable that coin will be.
Then in any crypto its market cap is also seen before trade. Because the market cap gives us an idea of what the market cap was then and how much it was two or five months ago. Considering the present and the past, we can also test a coin from the market cap.
In addition, total supply and circulating supply are also important. Because the less supply there is, the more chances there are to make a profit, but if the above factors are better ...
Then it is also seen that before trading in a coin, its partner is also seen. Also, before buying a coin, you should check which exchange it is listed on and which exchange it is listed on and what is the significance of that exchange or what is the standard of that exchange. These are the essential factors. Which I must check before buying any coin.
CURVE FINANCE (CRV)-- DeFi
This is the project I am currently relying on the most. Curve Finance CRV because this project is gaining a lot of popularity and what are its three main functions. One of them is that it is a stable exchange. And the second most important function is that liquidity provider and yield farming are the three basic functions. And if we look at it from every angle, investing in this project can be very useful for trade. I would also like to mention here in this homework that this is my own research on the basis of which I am trading in this coin project. Because Curve Finance is a decentralized exchangev like Uiswap under an automated system. In addition, all the factors of this project are highlighting its importance.
CRV is a curve financing engine. CRVs have a timely system for exchanging with VCRVs, VCRVs are internal management rules and have the right to request cash flow generated by the protocol. Like Uniswap, Curve Finance is a decentralized exchange based on an automated market maker (AMM). Curve Finance has started ETH and EUR groups to assist with additional assets in the development plan.
Markets
if we look at the market area, then it is also one of the good sign that Curve DAO Token (CRV) is listend on all best exchange, and market range is very much big. so this sign also is postive and show the value of this project and also coin of the project that is cruve. below is the screenshot of the major market that is taken from the coingecko
Social
soical media of this coin is also very much active, and every day lattest update we can get , so social media play very much important role to play the good rule in crypto makret. if team and project owner are active on social media like twitter,Twitter
Telegram ,discord, community can stay active. if any one want to check the social media then can visit these below link
Twitter
Telegram ,discord, community can stay active.
Gauge weight vote” tab under the Curve DAO
gauge weight chart is giving us clear view of its stability in the market and trust that is showing in many coin so it is one of the best project that i am trusting
Developer Trend and Community trend
left side chart is showing the developer trend, that is going to increase from start to till now, and commnity also is connected with this project very actively ,so these are major
If we look at the chart below, you can see that the developer trend and community is very dynamic. These two factors highlight the importance of this project and it is also becoming clear that the people and the entire team have been working very actively on this project from day one. And that is why people's confidence in this project is growing. In addition, the entire team of this project is also emphasizing that the curve decentlized exchangev is one of the world's most reliable exchangeb.
Road Map
9 month ago, i have read its road map completely . and according to present development this project major road map is
- to gain great trust of investor , in this road map , facts are tell us this road map is achievable from its start.
- Decentlized exchange that is now functional
- getting list on all major exchange all over the world that are supporting the crypto market,
- Increase the value of project
but i am strong believe on this project , so here now i want to show you that , i already invested in this project and so i have trust. you can see in exchange that i purchase this coin, and i invested in this project.
My invesment trade in this project
Summary
here i want to tell you that i follow all factor that are very much important to check observe before trading in any coin, so i feel that it is one of the best project, but it is crpto , so we can not predict price or profit, but if we check the all factor before trading, that are i mentioned above and in also in my first part , we can get profit, so curve is DEX decentlized project that is giving great courage, trader and investor.
thank you very much.
i prefer coingecko to check the state of any coin , so i also got image from coin gecko
i will feel much pleasure if i made any mistake in my second part of home work week 6, and professor will guide me.
Student : @yousafharoonkhan [pakistan]
Respected professor: @besticofinder
Cc:-
@steemitblog
@steemcurator01
@steemcurator02
#cryptoacademy #trading #begginers #introduction #besticofinder-week6 #investing
Hello @yousafharoonkhan ,
Thank you for submitting homework task 6 ! You have done a really job ! A very informative analysis on Curve finance project. A well organized article [8]
Thank you
Respected professor @besticofinder
thank a lot sir for giving me good feedback, i got great motivation from your appreciation words, thank a lot sir once again
hello dear friend @yousafharoonkhan good day
It is excellent how much you have learned from cryptography, and it is good that you took the time to share your experience with all of us.
I take this opportunity to wish you a splendid afternoon and a happy weekend
thank you dear that you liked my experience in this regards, yeah i tried my best to share my experience here, hope you will get good deal, good morning dear to you