7 .How To Invest in Cryptocurrencies - A beginners Guide - Part 2 | Steemit Crypto Academy | Lesson 7

Dear Friends,
I am obliged to thank @besticofinder for laying out the parameters to be considered before making an investment in the world of cryptocurrencies through his “Cryptocurrencies - A beginners Guide” lesson series, especially in lesson 6 & 7.
Based upon his described parameters, I have compared two of the most popular currencies, Populous and Enzyme (which are the cryptocurrencies of Ethereum Network).

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Introduction:
My friends, you must have heard of the Bitcoin even before knowing what cryptocurrencies mean. This is because it is the first cryptocurrency that was widely accepted in the market. In fact, the main concept of cryptocurrencies was introduced by Bitcoin. But this does not mean Bitcoin is also the end, rather there are a big number of currencies of the markets. Some to compete, others to compliment the currency.
E.g., Ether, a currency of the Ethereum network was not introduced to compete the Bitcoin, rather Ethereum Network was introduced to provide a decentralized ledger to the financial/banking sector. (Want to know more about decentralized ledger, read till the end where I define it). And, the Ether (the cryptocurrency) was a by-product of it. But that too does not mean that Ether is any less of a cryptocurrency. The Ethereum Network has several currencies, including the competing Populous and Enzyme. I compared them below.
The following would compare the two on the basis of market capitalization, Liquidity and Active Address.
At the time of writing, the Populous Network is ranked at 180th, while Enzyme at 200th position on token ranking.
Market Capitalization:
Populous: There is a total of 53,252,246 coins circulating in the market, today trading at $2.73 per coin, thus making the market capitalization $145,484,053.
Enzyme: The Enzyme of MLN as the official symbol of the currency today has 1,792,723 MLN. The trading rate is $75.57 making the total market capitalization to $135, 478, 304, as of today.
Data Source: https://coinmarketcap.com/tokens/views/all/

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But, be careful, don’t be swooned over by a high trading rate to be considered a better currency, but rather its about the trends that matter. Which, I’ll discuss later in the article.
Liquidity:
The volume of Populous in the last 24 hours has been 5.095 million dollars, where enzyme has been up to 8.047 million dollars.
Data Source: https://coinmarketcap.com/tokens/views/all/
Active Address:
The network has recorded 380,000 active addresses by the end of last calendar year.
A Critical Comparison of market capitalization, Liquidity and Active Addresses:
The factors like market capitalization and liquidity are concerned only to establish the authenticity and stability of the currencies. Which, by analysis are good enough in case of both currencies. Therefore, we can directly base our analysis upon current trends.
Populous has shown a 1.16% increase in its valuation in the last 7 days, with a whooping 6.8% increase in the last 24 hours, and a 2% increase in the past hour, thus showing that the currency is gaining value, and the rate of gaining value is increasing, thus making it extremely attractive for investment.

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Enzyme, has shown a 3.41% decrease in value in the past 7 days, however in last 24% hours it increases by 4.53% and a 1.35% increase in the past hour. This shows that the currency is regaining its value, and there is a lot of chance to increase further.
Based upon my analysis, it would be better to invest in “Enzyme”, since it has just started to gain value, and the trend is expected to continue. But, in case of Populous it shows that the trend is steep, and a risk of being in a small bubble exists, therefore, I won’t be investing in it.
Decentralized Ledger: A system to save the information in multiple computers in order to save the data from hacking attack.

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In order to authentically alter the information, the information is changed on all devices at the same time, however, when an unauthorized attempt to change data occurs, no hacker can change the information on more than a few computers. When the network realizes that there is a discrepancy, all data is corrected assuming the data on majority of computers correct. Such a network is safe from all sorts of presently known hacking techniques and no network’s security has been jeopardized so far.
Note: The analysis is based upon data available and understanding of the writer and is published to enhance the understanding of reader. No liability therefore, of any kind including but not limited to financial/monetary loss is accepted. Careful study and training must be sought for a gaining profit on trades.

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