Topic: How do you determine potentiality of any Altcoins? - page 7. (Read 12317 times)
Its really not easy to determined the potentiality of any altcoins. Because there's a lot of altcoins that grow faster day by day. But for me, to determined its potential you must know the altcoins platforms which proposes good offers to the marketplaces. Like the dencoin which designed to link buyers the seller and the investor. They make it also possible for the holders to trade, nuy or sell with their crypto currency dencoin.
For me , i only read the labels of the coins if i see that i coin is useful i also think that a coin will be indemand in the future but in the case of popular altcoins . i dont usually do a research but i do invest on them automatically since they are already proven and tested to bring profits .
I think prices cannot be used as a reference to determine the potential of coins because the price is always changing and the most important thing is the price is "destination"
we can assess the potential of the coin by looking at how much the total supply of coins is, what concepts are carried out by the project and who is behind the project
that's the way I use it
we can assess the potential of the coin by looking at how much the total supply of coins is, what concepts are carried out by the project and who is behind the project
that's the way I use it
Im determine from how project going on and how many people use it. High volume one of the fact so many people trust them and ATH also give some good vibe. Dont forget to see how strong their community. Sometimes altcoin have good developer and team but their community not good it will make the movement little difficult in long term.
If you want to determine an assets potential first ensure that it has strong fundamentals and that market conditions are favorable and then compare it to how other similar assets have performed historically and you may be able to draw some conclusions from that as to what effects the announcements of new developments, partnerships, and events etc. can have on the startups future value
In my own understanding, the potentiality of altcoins depends on what that altcoin is trying to offer or solve. Taking a look at ETH, the team created a blockchain which upcoming projects can launch on before migrating to theirs. They also created smart contracts and host of other features and functions; to me this is the potentiality of ETH, it is what keeps making ETH highly valuable in this space.
So before investing in any project, study the product the team is offering as well as the team to be sure they can really deliver.
So before investing in any project, study the product the team is offering as well as the team to be sure they can really deliver.
First of all, I check the team, then the idea and how useful the coin will be to the people. Also for me, it is important to see the activity of coin and team, development and growth of popularity.
Determining potential coins is not easy. Because of the many coins that are now growing. Coins with good potential, in my opinion, are the top coins. These coins have very good trading volumes. To be able to know the movement of coins you should continue to do the surveillance. So you can also know when to buy coins and sell crypto coins.
I always ask myself this same question when I first started, I've fall for rising coin thinking that they have good potential later to find out they are just pump and dump coin. But later it is all about doing your research well before you invest.. Altcoin with no real product or service will have no potential.. That's just it
The determination of your potential will not be easily possible because we don't know in the previous stage how it perform in the future but at the end we can see the result based on its potential and in cryptocurrency it will be more difficult to find them properly that's why investment and some amount in good currency is always useful.
We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
That is absolutely correct in my opinion. That's exactly how I access potentials a coin has. It's very possible coins without any viable use case get pumped massively but in the long run, I believe what will stand the test of time are those who are backed with practical use cases, whose teams are focused on delivering a working product and are capable of driving it to mass adoption as time progresses.
Most investors are lured into many projects because of the hype, thinking those projects that have gained so much popularity means they have good potentials. To me, a coin with a good potentials is the one that has great team and always work around the clock to achieve their roadmap
For me, low sats coin always guaranteed a pump, from xvg to trtl. The illusion of the low price still magic for the investor I think..
Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.
This thought varies depending on which coin you are talking. Potential coins with a small price are better than BTC. Because BTC needs great innovations to make it 2x-3x. But, for some coins it is enough for 3x to be listed in binance. Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.
Potential can mostly be determined by real daily activity on real Blockchains. Activities can be faked, so be careful about this one.
Potentials can also be determined by the quality of developers on a project, quality of project, project viability, and implementable roadmap
Potentials can also be determined by the quality of developers on a project, quality of project, project viability, and implementable roadmap
For me, low sats coin always guaranteed a pump, from xvg to trtl. The illusion of the low price still magic for the investor I think..
Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.
Exactly. You can have an idea about how great the project is if you look at what is at the back of the project. Project evaluation is very important before you invest your money in it. But there is no doubt Altcoin have gotten potential and have been used for upgrading systems by various companies and governments. ETHEREUM blockchain has been adopted by Canadian government to make the government’s financial system more transparent. Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.
Checking existing concepts and also learning about the projeck to understand more about the project because right now I am very confident that later the development of the market and also the development of the project will make up the altcoin
As for me, how I determine the potentially of a particular coin to invest in is to do some research about the usage of the coin first, TS, CS, the team behind the project, roadmap, what they inteded to offer and what they wanted to do in the next Quarter of the year, what they have done for the investors and many more. Though not all people have the chance and time to do this but that's what I do.
Price is very significant in a project, but no one should judge the quality of a project by the price of the coin, because one thing we all know in the crypto space is that price is very volatile and can fail you at anytime.
I am talking out of experience now, I remember having a coin called regal coin in my possession which was worth about $10 after it hit the exchange and holding the coin to get to $100, but I was shocked when I woke up one morning and saw that the price of regal has dumped from $10 to $1, and very worthless as of today.
I agree with you on this, we have to take the quality of the project more important that its price value, price can be dumped at any time, which is even one of the tools professional scammers use in scamming people, they will enter exchange to look like they are real and then dump the unsold token that was not burn in the market scamming more people and turning the project to a shitcoins, making you be a baggage holder.I am talking out of experience now, I remember having a coin called regal coin in my possession which was worth about $10 after it hit the exchange and holding the coin to get to $100, but I was shocked when I woke up one morning and saw that the price of regal has dumped from $10 to $1, and very worthless as of today.
One of the criteria I also use in know the genuine of a project is their policy guarding unused tokens, if they promise to burn it, then I know that the issue of massive dumping by them will be rear and even if investors dumb, it will not stop the project from picking up if they are good.
We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.
So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.
What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
I agreed that to determine the potentiality of the coins let us look first if the usages of the utility token will become useful in the future and the people will massively adopt if they find out that it has a potentials in the future. And road map or Whitepaper was also very important for this matter and the background of the project business, and if they a lot of activity plans for the project itself too.
I buy and hold coins that have working and community oriented team together with use case. I normally follow on on social media handles to see if they are keeping up with development or just speculating with trades. If a coin price keeps increasing without any influencing it, I swing trade and close trades before going to bed.
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