Too Long; Didn't Read
A coin’s price can be broken into <strong>speculation</strong> and <strong>value</strong>, much like a stock’s can be. However, in the current state of <a href="https://hackernoon.com/tagged/crypto" target="_blank">crypto</a>, in which most coins do not have a finished product yet, these terms adopt a slightly different meaning than in traditional finance. For this article, I am loosely defining speculation as “hype”, which is essentially the amount of <a href="https://hackernoon.com/tagged/marketing" target="_blank">marketing</a> done (often with the goal of directly altering the price), and value as “technical progress”, which is a mixture of the usefulness of the project and their current progress toward implementing it. The balance between these two factors determines a coin’s long-term potential, and more importantly, when to buy in. <em>Ultimately, coins that are priced based (mostly) on value are the best ones to buy, and are also the ones you are least likely to know about.</em>