hey guys
i wanna know whats the best Alt to invest for huge gain 2018? (invest and waitin for 1 year)
Thanks in advance
Hello, being a hero member here in bitcointalk is hard to attain and here you are asking some advise, so might as well share some things i do to help me choose a correct alt to invest though i think that you might know all of this since you've been here longer than me, but maybe some newbies can read and learn from this.
One of the reason for creating altcoins is to further decentralize the already decentralized cryptocurrency community. Altcoin simply creates the competition that Bitcoin needs to make the market constantly innovative. Each altcoin performs exceptionally in a certain aspect of cryptocurrency. Altcoin’s popularity based on market cap
A relatively new or less known altcoin will probably be harder to buy and have fewer crypto wallets to store it. Despite thousands of altcoins entering the market, only a few have managed to gain traction similar to Bitcoin during its early rise.
The popularity of an altcoin can be easily determined by its market capitalization. Market capitalization, or market cap, shows how big a crypto coin’s market is in dollar terms.
To calculate a crypto coin market cap, follow this formula:
Crypto coin market cap = (# of crypto coin in circulation) x (dollar exchange rate)
Let’s say there are 20 million bitcoins in circulation and the price of a bitcoin is $6000. The market cap of Bitcoin will be $120 billion.
Bitcoin’s market cap comprised 90% of the crypto market cap for a long time. The rise of other cryptocurrencies, however, decreased Bitcoin’s share of the market that is now around $110 billion.
The best way to learn which coins to invest in is to read about them and study the ones that got your attention. Once you do that, you’ll likely learn that you should avoid investing in an altcoin based on the hype built around it. Many coins nowadays are known to use by pump-and-dump group. A certain altcoin’s creator generates buzz around the altcoin to have people invest in it, inflating the altcoin’s price. Once the altcoin’s price appreciates, its creators will sell it all off, leaving most of the investors with useless coins and nobody to sell them to. If a certain altcoin already has a community built around it, join the community. Major altcoins commonly have a Facebook group, an official forum, a subreddit, and other places of gathering. There, you can coin developers specific questions. A strong community is a crucial indicator of an altcoin’s success.