How To Easily Tell The Difference Between Crypto Coins
There are thousands of different cryptos and not all of them are created equal. Some are worth something while others are just scams.
Coins: they’re complicated. There are hundreds upon hundreds of them, very few have any practical value, and many are more similar than you might think. With so many coins out there and the crypto market constantly changing it’s no wonder that new crypto investors get confused about which crypto coins to invest in. To make things easier let’s look at a few different approaches to compare crypto coins.
The first thing you should do is to look at market cap. Are people buying and selling these coins, or is it just a pump and dump coin with no real value behind it?
One of the most confusing parts about cryptocurrency, for newbies and experts alike, is the sheer number of coins on the market. There are thousands of coins out there, each with their own unique characteristics and use cases. And trying to figure out which ones will be successful, and which ones are scams or dead-ends, can be a daunting task.
But it doesn’t have to be! We’ve put together this quick guide to help you tell the difference between crypto coins so that you can invest in only the best ones.
You then need to look at the total supply of the coin which will tell you if its inflationary or deflationary
The first thing you need to look at when trying to tell the difference between cryptocurrencies is the coin supply. This will tell you whether the currency is inflationary or deflationary, and will help you decide if it’s a good investment.
An inflationary coin is one that has an increasing supply over time, usually based on a schedule (like Bitcoin). If a coin’s supply is increasing over time, then the value of each individual coin will decrease over time as well. An example of an inflationary coin is Bitcoin.
A deflationary coin has a decreasing supply over time. This means that each individual coin will increase in value over time as its supply decreases. An example of a deflationary coin would be Ethereum.
You’ll want to pay attention to both coins’ total supply and also how much they’re being produced per year if you want to invest in them successfully!
Then you need to look at the supply of that currency on exchanges to see how easy it would be to sell if you wanted to exit your position
One of the most important things to consider when you’re investing in a cryptocurrency is how it compares with other coins.
In order to do this, you need to look at the supply of that currency on exchanges to see how easy it would be to sell if you wanted to exit your position.
A good rule of thumb is that if the supply is much larger than other currencies, then there’s less demand for it and thus less likely to increase in value.
Look at the price action of that coin on different time periods from 1 week – 5 years (or more if available). This will give you an idea as to how volatile or stable it is and whether people are speculating about its future potential
Cryptocurrencies are different from traditional fiat currencies in that they are decentralized, and they’re also mostly unregulated. That means that it’s hard to tell whether a cryptocurrency is going to succeed or fail—which makes it hard for investors to know whether their investments will be worth anything.
One way to get a sense of how volatile or stable a cryptocurrency is and whether people are speculating about its future potential is to look at the price action of that coin on different time periods from 1 week – 5 years (or more if available). This will give you an idea as to how volatile or stable it is and whether people are speculating about its future potential.
Look for any newsworthy events around that crypto and what their roadmap looks like. Also check their social media accounts (Twitter, Reddit etc)
If you’re new to the crypto space and want to invest in a coin, it can be hard to know where to start.
We’ve put together a few tips that will help you figure out if a coin is right for you.
First, look at any newsworthy events around that crypto and what their roadmap looks like. Also check their social media accounts (Twitter, Reddit etc) and see if they are active with their community. This is an important way for them to stay connected with their investors and keep them updated on what’s going on behind the scenes.
Check their GitHub repository for changes they have made over time. This will give you an idea of how active they are in the development process
If you are looking to invest in a coin, it is important to consider the level of activity that is taking place on their GitHub repository.
A GitHub repository is a publicly accessible website where developers can upload code and other content related to their projects. It is often used by cryptocurrency developers as a way of communicating with the community, as well as keeping track of changes made over time.
If you check out their GitHub page, you will be able to see how active they have been over time. This will give you an idea of whether or not they are active in development and if they are likely to remain so in the future.
Look at the blockchain explorer and see how
You can tell the difference between crypto coins by looking at the blockchain explorer and seeing how old they are. Coins that have been around for a long time will usually have a lot of transactions, while new coins will have few or no transactions.
So, Difference Between Crypto Coins
Since there are tons of different coins on the market, some that claim to be better than just about everything else, understanding the differences between them can be difficult. Previously we’ve written an article detailing the differences between coins, however since then there have been a number of new coins launched (and few killed off). Because of this reason we thought we would take an updated look at how they stack up with each other.
|1||1||FBS||Open an Account||2.009||IFSC, CySEC, ASIC, FSCA|
|2||2||EXNESS||Open an Account||2.008||CySEC, FCA|
|3||3||OCTA FX||Open an Account||2.008||SVG|
|4||4||INSTA FOREX||Open an Account||2.007||VI FSC, CySec|
|5||5||FX OPEN||Open an Account||2.008||CySEC, FCA|
|6||6||AXI||Open an Account||2.008||CySEC, FCA|
|7||7||FX PRIMUS||Open an Account||2.008||CySEC, FCA|
|8||8||HFM||Open an Account||2.010||CySEC, FSC, FSB, FCA, BaFin, DFSA|
|9||9||FXTM||Open an Account||2.011||CySEC, FCA, IFSC|
|10||10||JUST FOREX||Open an Account||2.012||IFSC|
|11||11||CAPITAL.COM||Open an Account|
|12||12||TASTY WORKS||Open an Account|
|13||13||MOOMOO||Open an Account|
|14||14||AVATRADE||Open an Account||2.006||MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC|
|15||15||EASY MARKETS||Open an Account||2.001||CySEC, MiFID, ASIC|
|16||16||EIGHT CAP||Open an Account||2.009||ASIC, VFSC|
|17||17||FP MARKETS||Open an Account|
|18||18||HYCM||Open an Account||1.977||CySEC, FCA, MiFID, DFSA, SFC|
|19||19||ICMARKETS||Open an Account|
|20||20||IRON FX||Open an Account||2.010||FCA, ASIC, FSCA, CySEC|
|21||21||LITE FINANCE||Open an Account|
|22||22||REVOLUT||Open an Account|
|23||23||IG||Open an Account|
|24||24||MONETA MARKETS||Open an Account|
|25||25||AMARKETS||Open an Account||2.007||The Financial Commission|
|26||26||PEPPERSTONE||Open an Account||2.010||CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA|
|27||27||PLUS 500||Open an Account|
|28||28||TICKMILL||Open an Account||2.014||FCA UK, CySEC, FSA Seychelles|
|29||29||TMGM||Open an Account|
|30||30||TOP FX||Open an Account|
|31||31||TRADE NATION||Open an Account|
|32||32||TRADE 360||Open an Account||2.013||CySEC|
|33||33||VANTAGE||Open an Account||2.009||CIMA, SIBL|
|34||34||VT MARKETS||Open an Account|
|35||35||XM||Open an Account||2.009||ASIC, CySEC, IFSC|