It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with NewsBTC and here is your cryptocurrency update. In previous educational pieces, I talked about methods to identify different crypto categories and managing your risk. But going through thousands of cryptocurrencies in order to find the best-performing ones is not a piece of cake. As I explain in my book, Cryptocurrency Investing for Dummies, I normally use the IDDA strategy development method for my portfolio management. The first point of the IDDA is fundamental analysis. Let’s take a closer look at what you need to watch out for when conducting fundamental analysis on cryptocurrencies. #1: Go with What You Know. This is a golden, yet simple method also used in the stock market. If you already have been exposed to certain types of cryptocurrencies, or better yet, have already used them in real life and have liked their performance, consider adding them to your portfolio. #2: Pick the right Category: Certain categories perform better at certain times in the overall market, not just cryptos. So, for example, if you notice that fintech sector is heading higher in equities and that everyone is talking about artificial intelligence (AI,) you might want to consider browsing through the AI category and find cryptocurrencies that are involved with it. One thing to remember is that the cryptocurrency categories may not always follow the rest of the market. Since this is a very new industry to begin with, you might find opportunities here that you might not necessarily find in the more traditional equities market. Heck, the crypto industry could turn into the “safety” net when the stock market crashes. The third step in the fundamental analysis is to #3: Check Out Their Website. Whether you have a number of cryptocurrencies in mind based on your own experience, or you’ve picked a category and now want to choose the best crypto within that sector, you must now start a more detailed analysis on your finalists. This step can include things like flipping through their white paper, identifying their team, browsing their partnerships, getting familiar with their technology, checking out their part in the society, analyzing their roadmap, and last but not least, getting involved in their mission. For more details on picking the top performing cryptocurrencies, flip through my book, Cryptocurrency Investing for Dummies, and visit Investdiva.com. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.