Trading cryptocurrencies could be daunting. Chipping in your hard-earned money on a coin without thorough due diligence could be a fatal failure. Yes! you have read the white paper, and your fundamental analyses score an aggregate of 50% plus. Hopefully, it's an amazing project to have a bet on, but accept this promise, there is more to that than reading the whitepaper or any other due diligence because this one click of the mouse could save you tons of hours and unnecessary research.
Coinmarketcap might have been a good tool, but CryptoMiso is one tool you definitely need, it will save you time. This is because CryptoMiso provides data on development activity on open-source projects. Knowing a project is active is key, if not you will throw money into a dustbin (dead coin) after reading the whitepaper or performing your regular TAs. It's crucial to focus on project development than following from regular shills and dumps. Because the pain at the end will be the trajectory with dead coins.
A lot of cryptocurrency projects are dead, it's hard to identify, and the team may lie, to exit at a lesser expected time. With open-source projects, you have to be safe from these wily actors.
As simple as it is, CryptoMiso is a nice website, free from ads, simply deep-rooting your needed data.
Analysing a project's progress using the key metrics of development activity should take you less than a minute, and should be the basis of your analyses because you may not want to buy into a dead project. To get insights on each project, click on the commits bar and you will be directed to the GitHub repository.
Productivity tools are fast being developed and analysing your favourite crypto project shouldn't be a night shift job, leverage on CryptoMiso for free and never buy a dead coin again.
The verdict of CryptoMiso should be a buy signal (when development is active) or a sell signal (for inactive development).
Content credit: CryptoMiso.com.
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