Fundamental analysis is in-depth research to assess and predict the long-term price of a cryptocurrency. It can be quite complicated. Major factors to help you make a fundamental analysis for cryptocurrencies are:
Why is the coin here and is there a real intrinsic value to it for people to buy it?
Who are the developers behind the digital asset and are they trusted as experts?
How many users does the cryptocurrency have and is there a strategy to increase its adoption rate?
There must be sufficient potential demand, a market, for a cryptocurrency to grow.
For example, when China decided to ban all cryptocurrencies, this negatively impacted their prices.
The perception of a cryptocurrency as a reliable store of value, like a gold or a bond, has a notable influence on its price.
You’ll also need to understand a bit of the technology behind a cryptocurrency. Some tech savviness will help.