Topic: Are Cryptocurrencies with Good utility smart investment for the long haul? (Read 153 times)

You're absolutely right! If bitcoin does x3 it current prize, that'd be too huge. But it's a possibility with Crypto we shouldn't ignore. But truth is, what makes a good market price of a token isn't just about the price. Although one could be lucky to find one that is good in utility and with good price like the API3 I mentioned earlier when it got listed. This is many days after and it's still good.
 

I sometimes have issues with this. Some team do not stay consistent with their road map. And some team especially developers easily move on to another project in view of their newly acquired experience with the previous token. It gives me concern what will ever make the abandoned project's price to move up.

I dont know. From a stock investor point of view, maybe because it is treated as a security rather than utility token and since it is kinda ethereum subsidiary which already have huge marketcap, it became the way it is now

There used to be this idea among no-coiners that they support blockchain but not the incentives people are trading and getting. Some people still think this way. Depending on the use case and utility, having incentives that are worth it are often inseparable part of the tokenomics. So what you want is a logical and sustainable game theory on tokenomics that ensures there's a need for token and reason for token existing in the first place.

Many of these tokens might have an use case and need for them, but as those tokens are already overvalued, and any need for them won't be affecting the price, as using those tokens should be dirt cheap to get adopted or even make sense in the first place.

Like ARB for example. It worked fine without the token so how come token has so high marketcap? Using them for voting might keep the price up to ensure that major share won't end up for one entity, and if it would the whole point of the token would be meaningless and it would make arbitrum centralized and sole future of the development would be in mercy of that one major share holder. And i don't understand why it would rise in value from this point. Other than for delivering random airdrops and speculation, but those are really artificial reason, and have nothing to do with value it brings to users now.

Generally, when you choose a project for long term then it should be mainly based on its fundamental which means yes if you think that the project has real utlity in the blockchain market in the future then consider spending some money and wait for years to grow big.


Not much intriguing to be honest because if a project get listed on an exchange like Binance the minimum we can expect is 100% growth but I can see the price jumped from $2 to later $2 in the last four day and then dumped in the last 24 hours so most likely it will take time to progress from this state due to its low liquidity which shows nothing but less people are interested in it.

Feeling worried is normal because the risk of loss is high if you invest in the crypto world. We must always be alert to loss, always lurking at all times. The world of cryto is currently attracting attention because soon there will be a bitcoin halving event that many investors have been waiting for, so don't miss this phenomenon which many predict will result in a price spike

Don’t worry about investing in the crypto world.  However, surely crypto world is very busy.  Just with a strong utility is not enough to guarantee the coin will survive.  Continuous innovation and development is needed from the developer so that the coin will survive.  The community is very influential in the journey of crypto coins, when the community's trust cannot be maintained, slowly but surely the coins will become a worthless.  So before doing to invest, please analyze the coin first.  the best choices always in BTC and ETH.

Cryptocurrency is a description of the use of blockchain in financial aspects and to create centralized/decentralized currencies. Therefore, side uses of cryptocurrencies should not be the basis of investment or the thing that will give the cryptocurrency value.

Blockchain can be used in supply chain management, health care records, voting systems, and cross-border payments, and its use will then be linked to a token or not, but the purpose of the token does not go beyond providing financing for the project, just like stocks.

Don't know about this particular Cryptocurrency, but generally yes. Cryptocurrencies with Good utility can really make good investments.
I myself always prefer to invest in projects which has good utlitiy and their token have good use case within their ecosystem.
there are so many projects which gets hyped because of marketing and promotions but end up loosing value because of not having any actual use. these type of coins are only good for short term trading.
but coins with good use case are best for even long term holding.

For long haul, utility coins are what we should look form. Bitcoin is safe but we can't expect it to go more than x3 at current price over the years to come. Memecoins are the ones giving x100 on short period but they are too risky and not as a long term investment.
Not all utility coins are the same, Ethereum though a pioneer in smart contract and dapps are now heavily lagging behind, many popular utility coins like XEM, NEM and even ADA never made a difference before being blow out by the competition. It's still a good idea to look at the prospectus of the coins and adjust depending on how the market is maturing.

Yes, with strong use-cases a crypto-based platform has more chances to be stable and create a solid niche in the crypto market. Without verifiable and viable use-cases, then we are just dealing with shitcoin. Now, with that view, it should be noted that even if use-cases can be so good there is still no guarantee that a coin will last as it would be the market that will determine the eventual winners, just like the same we can see all around us in many different industries with cryptocurrency not exempted. But with well-polished uses-cases and a professional team behind the project, those can be a bright, reliable start.

At a time when everyone is going after shitcoin, you did find a good project. I am not sure why the price of this token is not going up as the last time it went up was in 2021 when it went to $9. It is still using Ethereum blockchain and unless they come up with their blockchain the price won't go up. If you are planning to hold it for the long term then check their roadmap and find out what they are planning. Unless the developers do not come up with something unique for the project I do not think the price will move.

Of course, if the ecosystem of the token is good and the demand for it remains high, then we will consider it a good project. A good utility project has tokens that are always in demand, but you need to know that the ecosystem is not credible if the demand is not high. You can rest assured that there are projects where the ecosystem is heavily used and in demand.

I can't agree any less. I had an argument with a friend admitting that a good utility is not enough to make a token price to fly. And you just confirmed my stands. It's demand that drives the market and it's real users finding the project useable that makes the deference.

It is a no brainer. But needs to be sure the token has good demand from its ecosystem. I know some project with good utility but the token is only there to raise money, not much used in their ecosystem. In the end i dont know where they are now

After reading this, I went to do some research. It turns out API3 has been trending for a while, and I also discovered it's an Oracle project, like Chainlink. This makes me more interested. I also did some checks on its price trend and noticed it's been decent too.

I recently came across the project API3, which has gained listing on top tier Exchanges such as Bitget, Binance, and OKX. Intrigued by its potential, I delved into its use case and discovered that it utilizes decentralized APIs to enable data providers to offer their services directly on the blockchain. This piqued my interest as it signifies the increasing importance of blockchain technology, which has the capability to eliminate intermediaries, provide transparent and immutable records, enhance security, and automate settlements.

I have observed a growing number of blockchain use cases that are developing solutions to bridge the gap between off-chain data and on-chain applications with maximal security. These use cases span a variety of industries including supply chain management, healthcare records, voting systems, cross-border payments, and food safety, among others. As these developments unfold, it raises the question of whether cryptocurrencies with strong utility have the potential to be a wise long-term investment.