Cryptocurrency Trading Fundamentals

While technical analysis is valuable, you can gain an extra edge by understanding project fundamentals, just like you would analyse a startup company. 

Short-term price movements are influenced by more than just market sentiment. By staying on top of these fundamental developments, you can potentially identify lucrative trading opportunities beyond the charts.

Here's how to use this approach to inform your trades:

• Is the project exceeding expectations or falling behind? News of successful product launches or missed deadlines can impact price in the short term.
• A strong funding round or a shift in the revenue model can boost investor confidence and potentially trigger price hikes.
• Team changes or negative press about the team's capabilities could lead to short-term price dips.
• Positive developments or partnerships that enhance the altcoin's real-world utility can create buying pressure.
• Tokenomics: Upcoming token burns (reducing supply) or the introduction of staking mechanisms (incentivizing holding) can influence short-term price behaviour.
• Sudden spikes in social media buzz or positive news articles can trigger short-term buying sprees, while negative sentiment can lead to selloffs.