Davincij15, an experienced and experienced investor in the Cryptocurrency and Metals market, yesterday issued a document providing guidelines for the creation of a cryptocurrency rating system to be used in fundamental analysis.
This entrepreneur became popular in the Crypto-verse following the video viralization released in 2011, talking about the characteristics of Bitcoin, its advantages as a means of storing value and electronic money as well as the accelerated growth in technology (practically). Unknown at that time) would experience in the years to come.
It is important to note that by the time davincij15 released the video, Bitcoin is worth $ 9.57. 2011 BTC started with a value of $ 0.3, ending with a $ 3.06 price with a top of $ 15.4 reached in July.
This document has three sections: the first is a general classification of Cryptos in groups of 4 tiers. The second part describes a system for calculating each cryptocurrency, adding or subtracting points according to their characteristics. The third part offers tips for successful Crypto trading.
The Tiers system sets specific characteristics that allow the analyst to determine the chances of being successful in the future. Here is the explanation for each door:
1 Doors of the Cryptocurrency ranking system
The cryptocurrency must be in the top 25 in market capitalization excluding stable coins. The cryptocurrency should not be centralized meaning there are no limits to the number of nodes that may exist in the network or number of nodes in some modes over time and / or based on usage. Also, it must have solid marketing and promotion for it.
In this group, he placed Crypto Currencies as Bitcoin, Ethereum, Dash, LiteCoin among others.
2 Doors from the Crypto rating system
The cryptocucks are up and coming they have a powerful community and developer support but are lacking in other areas. The project is interesting and different from bitcoin to stand out. The coins must be listed on 5 or more exchanges and work end user sites.
According to their analysis, "most of the 2 release coins are a range of bitcoin" but other crypto currencies such as YAS may fall into this category.
3rd Tier Coins of The Rank
These cryptic claims may have a developer community even if they do nothing at the moment and have little or no roadmap. Everything that falls within $ 10,000,000 in a market cap is listed on at least 3 exchanges.
Davincij15 placed Dogecoin in this category.
4 Doors of the Cryptocurrency Ranking System
Are dead, broken bonds, or dying men with no development team working on it, small community support and no significant changes to code base over a year. Also, if the cryptocurrency project has a market capitalization of less than $ 1,000,000. The odds of a turn around are tiny to nothing. However, if the coin is traded on more than one exchange pump and dampers, attempting to run this coin will increase and at this point, profit can be made.
As an example of a 4 Tea Center he pointed to Maxcoin
The document has not yet been completed, and Davinsjee has shown that it will carry some modifications along the way. He called on the community to analyze the text and send suggestions to improve the system every day, benefiting the entire community.
- Document available here:
- Full video with an in-depth statement of this document is available in this link below: