A five-point checklist
- Purpose: payments, smart contracts, a stablecoin or a meme?
- Market cap: price × circulating supply — bigger usually means more liquid.
- Volume: daily volume well below market cap is normal; sudden spikes mean news.
- Supply: how many coins can still be created and when large unlocks happen.
- Exchanges: the same coin trading at very different prices is a liquidity warning.
Ways to get exposure
- Buying the coin on an exchange.
- Spot Bitcoin and Ether ETFs such as IBIT or ETHA in a brokerage account.
- Stocks tied to crypto, like Coinbase or miners.
- Options on those ETFs and stocks for defined risk.