Topic: How do you determine potentiality of any Altcoins? - page 3. (Read 12317 times)
For me, a good and potential altcoins could be determine by its product, i mean the project's outcome and utility that has something to do by its altcoin. It hould be innovative and relevant to crypto markets, products outcome may be useful as it would give a good utility to the altcoin.
The potentials of a coin or project is determined by analyzing the idea and product of the coin. What is the demand level of product on the market? The team of the project always play a crucial role here as their expertise level will determine the degree to which the project is advertised, run, marketed, distributed and developed.
determination of the potentiality of any altcoin comes with research, unless you conduct research on the coins trend and everything concerning it, you will definitely make a wrong assumption which could or might affect your decision as to whether to invest or not.
For me the way to determine the potentiality of altcoins is a little bit tricky. Nowadays so many altcoins in the market and many of it doesn't growing and developing. So i prefer to invest in the top ten coins in cmc though.
We have too many coins at the present time and most of them are not applicable to life. So to identify a potential currency is difficult, because most of them don't really solve anything. In this case I think the coin accepted by the market will be a potential coin.
It is hard to predict the potential of the altcoins, most of the time the existence of the firm behind the project as well as the userbase it has got over the past before getting into the cryptospace will also be considered. In recent days you could've known about bittorrent, which already has a big userbase as well highly advanced making it a potential altcoin even though it grows in a very slow manner.
There is no clear cut rule to determine any coin with potential, some of those rules stated might fail at times, particularly I look at the technical analysis and study the fundamentals, these are the two major factors that contribute to a coin growth. Btc jumped to $8000 this year within few weeks, it was obviously due to TA, nothing again in particular
but in order for technical analysis to work correctly, the fundamental analysis should work the same way. there will be no traffic without news
There is no clear cut rule to determine any coin with potential, some of those rules stated might fail at times, particularly I look at the technical analysis and study the fundamentals, these are the two major factors that contribute to a coin growth. Btc jumped to $8000 this year within few weeks, it was obviously due to TA, nothing again in particular
Technically to determined the potentiality of the altcoins ofcourse they must open to provide a good investment to their many investors. They must also have a good whitepaper and has a solid team running it. So in this case, the investors felt safe by having this kind of matters between them and their target alts. I can recommend a good alts that can offer you all about goodness being in the market, this is the dencoin token which is really good for your earning investment.
For me the best way to identify a good altcoin is to check on how well their performance make in the market. You also need to check their price fluctuations and see if they have potential. Next thing is to check their platform or project itself whether its functional and user friendly. You can also check their ranking in coinmarketcap. Just like the dencoin tokens which are really good and suitable project for the newbie and old investors to make a good future investments.
there are many step in which you can find out the potential of altcoins.
1) go to coinmarketcap check the total supply if total supply is more then the chances of price increase is very slow.
2) if coin is listed on high volume Exchanges like binance bitrex they have higher chance and there 24hour volume is less then 5million then there is huge chance it can increase in 24 hrs.
3) its depend on the team associated with the project how the team work behind on the project. and the partnership with other company
all these factors depend on the potential of the coin
1) go to coinmarketcap check the total supply if total supply is more then the chances of price increase is very slow.
2) if coin is listed on high volume Exchanges like binance bitrex they have higher chance and there 24hour volume is less then 5million then there is huge chance it can increase in 24 hrs.
3) its depend on the team associated with the project how the team work behind on the project. and the partnership with other company
all these factors depend on the potential of the coin
I would agree except for point 3. Most of team are fakes and most of their curriculum even of true people are just fakes. On Linkedin if I am an agent sales, i can become a manager, expert in Ico, owner of properties and so on. No one can verify those information so, completely unreliable. I would add that even point 2 can not be true. Only rich companies can be listed on big exchanges. The richest they are the more fake exchange they do with robots to increase their daily volumes. I like to focus mainly on what's behind the idea of the coin, so technology and marketing.
there are many step in which you can find out the potential of altcoins.
1) go to coinmarketcap check the total supply if total supply is more then the chances of price increase is very slow.
2) if coin is listed on high volume Exchanges like binance bitrex they have higher chance and there 24hour volume is less then 5million then there is huge chance it can increase in 24 hrs.
3) its depend on the team associated with the project how the team work behind on the project. and the partnership with other company
all these factors depend on the potential of the coin
1) go to coinmarketcap check the total supply if total supply is more then the chances of price increase is very slow.
2) if coin is listed on high volume Exchanges like binance bitrex they have higher chance and there 24hour volume is less then 5million then there is huge chance it can increase in 24 hrs.
3) its depend on the team associated with the project how the team work behind on the project. and the partnership with other company
all these factors depend on the potential of the coin
Apart from the teams and how dedicated they are I'm more interested in what will keep the coin or token alive ,more like a usability or working product,this way it will never lose value
I view an altcoin as a potential when they have a good team and a good background of experience in their roles, their progress and initiatives towards their goal are continuous and keeping inline with their roadmap
as an investor using altcoin is indeed a step like you needed and because the conditions and situation of the current project are many that contain fraud and we must be careful with it all
I view an altcoin as a potential when they have a good team and a good background of experience in their roles, their progress and initiatives towards their goal are continuous and keeping inline with their roadmap
Their technical team and their timeline and new tie ups and their blockchain events participation and their innovation in their blockchain project and supply and their test net All these points are potential developments
The crypto market looks like a coin rising in price is considered as a good one without judging its technology, goals and team. So most of investors and traders consider price of a coin when it comes to value and importance of a crypto project. But the reality is opposite. We must consider project goals, team and technology for its importance and value. Price hype may affect even a bad project.
for sure, I determined it at the beginning before investing in it, coins that have great potential are usually coins that have many users and that is indeed proven. so before investing with them, make sure that they have price developments and also many who use them.
Hat is actually one of the fastest and best way to lay hands on a solid projects, but the thing with this is that by the time you wait for the project to fully develop and has so many success story which you will definitely hear for you to make investment, the project would have become expensive in value, and you know that investors wants cheap coins they can buy, but they forgot that it is not about how expensive or cheap the value is, it is about the future.A coin could cost $100 today and have the potential of turning to $10,000 as long as it has a product working, so we should not look at price but future of the project.
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It is hard to know the potential of the coins which could increase but I only know that as long as we can invest in the top 100 coin list, that will be worth than we invest in more than top 200 coin list. The top 100 coin list will be enough for us to choose so many potential coins which we can buy and in that list, I am sure that we can see more than 10 coins which can increase higher.
I generally would consider:
1- Technology behind. Is new, has a sense or is just a clone?
2- Marketing. Do they have an innovative marketing?
3- Volumes. If already on exchange since months, do they have real volumes?
1- Technology behind. Is new, has a sense or is just a clone?
2- Marketing. Do they have an innovative marketing?
3- Volumes. If already on exchange since months, do they have real volumes?
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