RE: Steemit Crypto Academy Contest/S6W3. Tokenomics In The Crypto Ecosystem.
Hi @kelly21,
Your this post is very much informative for me as I have learnt many new things from here that will help me in the future.
The token economics is very much important we are going to invest our money in that token. You have presented your knowledge in a very beautiful way.
Technical analysis gives you the edge to determine whether a particular token will fall or rise within some specific time of asking.
The technical analysis basically deals with the use of the tools and indicators that are basef on the mathematical calculations but the study of tokenomics comes in the fundamental analysis.
With the help of the component of the tokenomics we can easily understand the working of that token in the blockchain and the future can bedetermined easily.
I wish much success for you in this week of the contest.
Technical analysis is basically a study of chart, more like chart patterns, in technical analysis the believe is precious patterns usually repeats.
By so doing you determine price fluctuations which posses tokenomics, when we talk about fundamental analysis what comes to mind is the study of economic news which in many ways determines the rise and fall og tokens.
So in great fashion both technical and fundamental analysis are key in tokenomics. Thanks for your wonderful comment here.