Topic: Factors That Make One Cryptocurrency Worth More Than Another - page 2. (Read 11323 times)

The demand for one currency over the other makes the currency more valued than the other, also the scarcity of the currency brings the price up and also the amount of people who are marketing the currency and making more people buy into it matters too

A strong team that is capable to transform their vision into reality can be so critical. Of course, we have to consider all other factors but if you've got a good idea and already have infrastructure in place but you have a problem with the team then everything would just collapse. This can be the reason why so many alts died and there can be more on the way to the morgue to be cremated soon. The developers team should be providing the needed leadership and they must be active in the community they created. I have seen one coin which was dismissed as just another scam but because of a good team they are now flying into the sky. Coupled with a solid community, the dev team would be providing the glue that knits the whole project together. Unfortunately, there are many coins seems to be hiding their dev team...these must be the shadowy type of new cryptocurrency that can easily transform themselves into scams.

In the past gold was not always more valuable than silver and that had to do simply with supply, gold was many times rarer than silver and most of the time that was the amount of times gold was more valuable than silver, but in some parts of the world were gold was more common and silver was rarer there was a parity between the metals.

Although I was late to join the cryptocurrency but the main factor that made it feasible was because of the very high trading volume, so that I as the user got new passion in the structure of the virtual economy society, the second is because its usage is still a bit in the real world, and this gives I have more opportunities than fiat, many unique things that can be extracted as much as possible from crypto currency.

I think it is about the features of cryptocurrency because the users of cryptocurrency are looking at the features first because they will find out what is the use of it and they can also estimate the future of that coin if they will know what are the features of it. Cryptocurrency can be the future of our payment system and it can also replace the traditional ways that we have right now and make it all digital.

The current number of coins - Doesn’t really increase the price of any cryptocurrency. The current number of coins is always increasing in crypto currencies that are mineable. So, in other words, it is increasing supply which places downward pressure on prices.

The maximum number of coins - This is a highly significant factor, but not now (well at least in the case of Bitcoin). This factor only kicks in when the maximum number of coins has actually been reached. Before that milestone, such a factor won’t affect prices.

The rate of growth in the supply of coins - As I said before if supply goes up, prices go down. (unless demand goes up simultaneously, which is unlikely). So if the rate of growth in the supply of coins is greater than the demand, then prices will drop. This factor ties in with the one below.

How many people/businesses accept it as a form of payment - this is driving the factor of demand. If more people/merchants begin accepting Bitcoin as payment, there would be a higher demand and thus a higher price.

The total number of users - Very similar to above point. This is also a driving demand. If the total number of user lowers then the price will decrease. But if the total number of users is increasing, prices will increase.

Technical aspects of the protocol - I have no idea about this one. If you mean the characteristics of the coin like whether it is a pseudo or fully anonymous coin, then this may affect prices. I mean everyone has different preferences. Some people may like fully anonymous coins while other don’t care. So yeah, it may affect prices, but its price influence would be minor.

The number of exchanges that allow conversion to other cryptos or fiat - Yes this would affect prices. After all, where are you going to get the coins from other than an exchange?

Knowing the developers obviously helps build confidence in the coin. But sometimes, the idea speaks for itself. Moreover, there are governments which might not take too kindly to developers who advocate currency with anonymous features. So the developers may choose to stay anonymous / pseudonymous.

In a perfect world that would not be needed and we could trust in the developers of the coin without knowing who they are but with so many scams around the forum then the only solution is to know the developers and make a research on them, obviously satoshi was an exception to all of this.

Stable price to fiat after staying some period on market,some crypto has his value price,if price drop below his price recovering fast.It is value

Are you sure? I know Bitcoin created by Satoshi Nakamoto but nobody until today can know his identity.
Why the price of Bitcoin still increasing and growth as today? I think you should check again your opinion .

And what makes gold more valuable than silver? There are always some rules what makes something worth but on case of cryptocurrencies these are value, reliability, market, acceptance, trustworthy and possibilities to use it and make money on it.

There are many factors...

• Hype
• Ingenuity
• Technology
• Mass appeal
• Reputation
• Supply/Demand
• etc.

But basically coins with more support/backing from their devs generally work better in the long run.

This part was not there at the beginning after all Satoshi didn't have to show himself to make bitcoin a success but because of the way people who lack morals have infested the whole crypto-space, its not only now that its required but its the key and not only for the developers but equally for the entire team but that is still not the only overriding factor because they may show their face and still scam.  The success is a workable project and a sincere team and that's a key feature of a successful project.

You forgot one of the most important ones, the developers, if they are willing to show their faces and true identities and put their reputation at risk then it is more likely they are going to try to make the project a success than if the devs are people that no one knows.

All is a question of hype. Who hype the louder will see its coin being worth more than those of the neighbour. Sadly this is how newer coins work.

Here are just a few ideas in mind

The team behind who they are, what background they have, etc
The technology used: is it something news or cloned, how are they planning to improve it
The ideology of the team: what are the motivation doing it, is their motivation enough strong for a long run
The plans they have: what is their strategic plan to make an established cryptocurrency
How are they going to do it: any particular resource, PR, buzz, partnership
Marketing/Promotion

I think a lot of factors that cause it to happen, a very profitable feature for bitcoin users it became one of them, such as security features, payment transactions are very light, crypto is very easy for us to transfer the fiat we have to the personal account, many Investors who switch to investing in crypto because of crypto is a way of investing that can be done from anywhere, provided we have an internet network that can be directly done, unlike the physical form of investment, which is too complicated to do so.

Trust Factor, is one important thing, since people gives value to something and for as long as people believes in one coin it will make a great difference among other crypto coins

It is because that its transactions are quite fast and it is the first cryptocurrency .and its popularity is more than other cryptocurrencies and it has more potential.

I think the main factor why crypto currency is more worth than other is the price of that coin, if the price for each coin is really expensive it will make more people use it.