Quote from: leea-1334 on November 05, 2021, 03:22:15 PM

Quote from: pawanjain on November 05, 2021, 07:12:44 AM

We should keep monitoring the project and it's statistics. Only then we can find out if it is worth investing in the project.

What statistics though? Bitcoin statistics did not show anything in early first few months.

Nothing beats involvement in the project on your own level, to see if there are people hyping or people using. For me,,, I learn that if the project only has 10 people but 9 are extremely passionate,,, building and using and experimenting, this is better for the future than a room with 10,000 people but not a SINGLE one is working on building/using. Guess which has "high" statistics?

By statistics I mean how good the coin is, it's utility, it's demand and how well is it doing in the current market.
Bitcoin was the first cryptocurrency hence it was inevitable to compare it's statistics with any other similar asset.But that's not the case these days.
Since there are many other cryptocurrencies we can easily compare a new coin/token with other cryptocurrencies to find out how well it is doing in the current market.