When investing in cryptocurrencies, it is important to analyze whether they have a strong narrative

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It is well known that in order to invest in cryptocurrencies it is necessary to carry out a thorough analysis of the variables that influence the real and potential value of the cryptocurrency under study.

However, although there are several aspects that are studied when investing in a cryptocurrency, in this post I want to address an aspect to consider that can be very important as it is the strong narrative that may have a cryptocurrency at the time of investment.

What does it mean for a cryptocurrency to have a strong narrative?

A literary work such as a story or a novel would not make sense if it does not have a narrative, cryptocurrencies should be seen in a similar way, with the difference that the narrative of cryptocurrencies is the project that supports it, so when we talk about a strong narrative in cryptocurrencies we refer to whether it has a great project associated with it.

In today's world where humanity has so many demands and where technological upgrades are becoming more and more necessary, it is quite normal to think that a strong narrative associated with some cryptocurrencies could be those that are supported by artificial intelligence projects.

As the world continues to update itself as it evolves and based on technological update demands, we will realize which cryptocurrencies will be the ones that will create a strong narrative.

Investing in cryptocurrencies with a strong narrative will allow us to have a financial asset that will not disappear when the world decides to update its utilities and decide to disappear everything that has no value, it is at that point where only that cryptocurrency with a strong narrative will prevail.