Intro to CryptoScoresCryptoScores was founded to provide unbiased and in-depth statistical, financial, and qualitative information, delivered through a simple, organized channel. Cryptoscores believes all users should have access to educational information to invest in these transformative technologies and currencies, and compiles trading materials for investors at all stages, whether they are just learning about blockchain technology or are cryptocurrency experts. In response to a cryptocurrency market that is extremely volatile and suffers from a shortage of transparent information, the Cryptoscores Risk Rating system was created to help maximize investor's returns, and protect new traders from potentially harmful purchases
The Cryptoscores Risk Rating system considers a variety of criteria, and compiles all of that information into a standardized, 0-10 Number Rating.
Understanding the ScoresIn order to utilize CryptoScores Risk Ratings to maximize returns and make smart investments, a trader must first understand what lies within each unique Coin Ratings. Each CryptoScores Risk Rating is made up of 5 categories:
Using Cryptoscores to InvestUnderstanding the score breakdown is key towards maximizing the use of any Cryptoscore Risk Rating, but it is also simple and easy to trade with the overall Color Score. Refer to the following guide for general trading advice:
Typically, coins that are a higher overall score are Less Risky than coins that are have a lower overall number score. Additionally, there is typically more information available to the public with higher rater coins as opposed to lower rating coins. With that said, lower rated coins often also hold a higher possibility of huge returns, while high rated coins are likely safer investments, and may not net as large of a return as lower level coins. In order to maximize any crypto bag, it is important to diversify your portfolio with both Risky and Less-Risky cryptocurrencies.