Hi steemains hope you all are good and enjoying your lives. Today I'm inviting you to review my homework for task6 given by @besticofinder.

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HOME WORK TASK 6:

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Prepare a article explaining the factors you considered for your selection considering followings

1. Read the project whitepaper and explain the project concept
2. Discuss the social reach , project purpose , team , response from the market for the particular project.

Discuss the factors supporting your decision and explain why the particular project will be a good investment.

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ANSWERED By@suboohi :

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It's very hard decision for an investor in which particular currency investment should be done. we are able to predict the future of a project up by go through a proper research on that project. A lot of factors are required to consider such as project concept , competitors , target market , trading volume and exchanges , project partners etc .The profit or loss you will gain is depend on that decision . So it's very important to learn how to select the crypto currency for investment.

Currency that I choosen for investment is "RNDR "

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fundamental analysis before investing :

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For fundamental analysis I went to the coinmarketcap.com. And download their app for Anroid phone. And check the list of cryptocurrency and researched many cryptocurrencies.

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As assignment given by @besticofinder was choose a coin ranking from 100_400
I did reasarch cryptocurrencies having rank between 100 400.some coin attacked me like Bitcoin Gold, Livepeer, ZKSwap, and render token RNDR.

After the fundamental analysis I choose currency for investment render token RNDR. It was a trending coin today on the coinmarketcap I'm giving you some general details about this

Rank: 313

1 Year Lowest : $0.03676

1 Year Highest : $0.06645

Price Right now : $0.8221

MarketCap : $116.6M

24 Hr/s Volume : $5.76M

Max Supply : 536.78M

TOTSupply : 506.98M

I went Through Its White Paper and got its Concept of project and purpose of project

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project concept and project purpose :

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Render tokenabbreviated as RNDR, it is a network of GPU that is built on top of the Ethereum blockchain.
It's aim is to connect the mining partners willing to rent their GPU capabilities out with artists and the studios in need of GPU computers power.
RNDR held is first public token in October 2017.. And from January to May 2018 total 117,843,239
Token sold out at the rate of 1RNDR=$0.25 USD

RNDR is actually ERC-20 utility token and these are used by artists to exchange GPU computer power from GPU providers.
A combination of automatic and manual proof of work system is utilized by RNDR.

The RNDR advisory board has advised RNDR in different capacities In bridging the gap between creating system to the Hollywood studio production pipeline.

During rendering all payments of RNDR are stored in escrow, and they release after manual verification by the commissioning artist.

This is screen shot taken from website given for reader token.

The Render Networkis the first network to modify the power of GPU compute into a decentralized economy of 3D assets.

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Problems :

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The world is evolving at randy speed.
A biggest challenge is authoring and publishing the state of art graphic that is growing each day,
and future call for advanced rendering will go to more complexity. So it will need higher resolution to the system and more interactivity. The problem of future will be, Network Scalability, missing GPU network, A Better Use for GPU Power, digital market management

trendy:

RNDR token is raising up at crypto market.

The market graph shows that 24h rate of render token and their raise in market.

RNDR also works collateral with other currencies also successfully. I'm showing Some pairs of RNDR with other coin in market.

I also go through it's white paper, just to know it's reliability. Screen shot white paper is give

Through research I get the knowledge about their founder, co-founder, the news partner, and
Blockchain partners, and the research all above really help me to choose RNDR for investment.

conclusion :

For new investors it's difficult to choose the currency that is right one for investment, but by reaching its Project concept project, project purpose, how they work. White paper analysis, about their team, their blockedchain partners etc you can choose the right one. The world of crypto is very large but by researching we able to understand the market, and can minimize our loss.

That's all from me.

hope you like it.

Mentioning respected @steemcurator01, @steemcurator02, @steemitblog and @besticofinder for their support.