- To select the best cryptocurrency, we should consider these factors.
- Purpose of the coin
- Developers behind the coin (CEO’s background, experience, knowledge, his team members’ skills)
- Transactions per second & scalability
- Main projects that run based on the coin
- Is this a proof of stake or a proof of work-based coin?
- Is this coin quantum-resistant or not?
- Interoperability
- Coin listed exchanges
- Current market cap, price & maximum supply
- How many new accounts are created per day, trade coin volume per day
These factors are just for basic-level investigation. Otherwise, these criteria are not for traders. These factors will help for Investors.
