CA Rachana Ranade spells out the importance of doing fundamental analysis of crypto tokens before investing

economictimes.indiatimes.com:

“Just like you do the fundamental analysis of a stock, you should do the same for a crypto token,” said CA Rachana Ranade at the recently concluded ET Prime Crypto 101 Special, where she highlighted the need for investors to understand the underlying value of a crypto token as well as the problem it solves before considering investing in it. A chartered accountant and teacher turned financial influencer (finfluencer) with over 3.6 million subscribers on YouTube, Rachana has a flair for explaining complex financial products and jargons in a fun, easy-to-understand manner. She did the same during the hour-long virtual ‘Crypto 101’ session on ET Prime where she demystified various aspects of crypto investing through simple, everyday analogies and fun anecdotes, while also breaking out into a Bollywood song to make a point about key financial lessons to keep in mind.

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Watch the full video here. The focus on crypto markets has intensified in the past week amidst heightened market volatility and risk sell-off, with the global market capitalization of all crypto tokens declining to over $1.3 trillion. Experts attribute the broad selloff to global concerns over inflation, rising interest rates, and geopolitical issues, which are