How To Invest in Cryptocurrencies - A beginners Guide - Part 2 | @besticofinder | Steemit Crypto Academy | Lesson 7| by @laser145
Source
Comparison of the projects
The following projects are about Serum vs. Candles
Serum works with the solena blockchain is a somewhat unknown blockchain the good thing about serum is that it can execute 50,000 transactions per second and its cost is 0.00001$ when other platforms the cost is high and only allow 15 transactions per seconds. this project has an Erc-20 version allows interchain trading no KYC is needed.
Velas is also a decentralized protocol works with blockchain technology and is powered by artificial technology (AI) is a platform that allows to boost other projects through an intermediary called vortex this platform allows to monetize blog content through votes.
My decision: I like Serum more because it has a pretty good blockchain called solena and allows the user to transfer quickly and with a very low cost I can exchange coins from one block to another without problems using the Binance exchange which is my favorite I can buy SRM/BNB, SRM/BTC, SRM/BUSD, SRM/USDT so it is very easy to buy at this time is very good to buy and grow our capital but I would say wait a little longer in my opinion.
Social comparison of the 2 projects.
The social reach of candlesticks works through incentives to investors monetizing their content whether blog, videos, offers a wallet to store your tokens everything is related to decentralization as for Serum (SRM) are constantly giving news by twitter I like this currency to invest in it because in his downward career does not fall so aggressively so it is a great project to study.
Market capitalization Serum (SRM)
We can see on CoinMarketcap the market capitalization $225 million, current, liquidity and trading volume the circulating supply in 24 hours is $76.569.385 million with a 47% margin down.
in 24 hours fluctuates between 4.07$ to 4.53$ US dollars with the range # 170 the currency has a fully diluted Market Capitalization 45,108,949,441.83
9,50 %
Market capitalization VELAS (VLX)
We can see on CoinMarketcap the market capitalization $275 million, current, liquidity and trading volume the circulating supply in 24 hours is $10.1 million with a margin of 11.95% down.
in 24 hours fluctuates between $0.12 to $0.13 USD with the range # 149 the currency has a fully diluted Market Capitalization $275,344,924.45
3.48%
My final decision to choose one of the cryptocurrencies is definitely Serum (SRM).
Definitely is Serum (SRM) in terms of movement of about 76.5million dollars this more active and with more profit margin in terms of its 47% drop in 24 hours tells us that if we enter at 4.05$ and exit at 4.53$ our profit is 0.48$ for each token (SRM) if we enter with 1000$ we take 1114.38 then 114.38 would be our profit from that operation.
Conclusion
The 2 coins have a good potential and are in the range that the professor commanded but this is my final decision because of the good attributes that I could find in it its greater movement and capital in the market. I thank everyone who came to the end of my task, I am very grateful to the professor @besticofinder with the curators @steemcurator01 @steemcurator02, who play a very important role in the community and all the contributors thanks.
Hello @laser145 ,
Thank you for submitting homework task 7 ! You have done a comparison between Serum and VELAS (VLX) with a fundamental analysis. Clear and with facts .. nice work [6]
Thank you
hi, @besticofinder Thank you teacher always improving every day.