Topic: How to tell if a new coin is worth investing in! (Read 379 times)

Thank you for your advice.

 1) check the smart contract for be sure the transaction is not by same amount or same address
2) check the history of the community (past project)
3) avoid a bep 20 (the most scamming project is here)
4) search in your mind if this coin can have a potential utility on real life
5) try to never go all’in on a project, invest only the money that aren’t important for you and you can afford to lose.

This is very common maybe also because it's the wrong time, they launched on the bear market. And another thing is the price when they were listed is really fair, like it's too high for their projects like tokenomics or working products.
As you can also notice, recently altcoins that airdropped their tokens are most of the time dumping during their early days.

Understand that it depends on the ability to implement what's in the white paper. Rather than just shouting slogans.

Indeed, many new coins stood at the top as soon as they were born. I think the reason why the price will continue to fall, the main reason is that the technical aspects or development prospects may not meet the expectations of investors, take Ether as an example, the price soared all the way, although the current price is not the highest point, but we all know in our hearts that the price of the next bull market may still be raised.

Yeah right, there are factors that you needed to consider before classifying the project, not just because it's still alive means that
it will be a good one to invest.

Check how good the development and how the team still working behind not to let the project to be stagnant.

There's always a measure that will depends on how you understand the project and how you project the possible profits that you
may get from your investment.

but sometimes some altcoins that have existed for quite some time might already reached its peak, to be frank here, so many new altcoins nowadays are instead of slowly raising their value over the course of the year, instead they are hitting their peak at the very beginning of their listing, take example many coins like sui, and most recently is sei. usually they are hitting their all time high once they hit the exchanges and then goes down hill from there.
so I guess at this point the duration in which they have been out in the market become irrelevant when we are seeking about the profits that they could potentially generates.
I'd say we should look and judge in regards of the worthiness of these coins in general from the other perspective.

Most of those new projects honestly just have some new innovative roadmap designs and some interesting ideas so that they can attract their investors with it. You cannot just simply rely on that because that's not enough nowadays and probably they just copied what they were saying in their roadmaps and just simplified or they were just lying about it. This is their deception and the worst of the matter is, that you only find that out too late when they start to delay what they were saying in those roadmaps and you cannot do anything about it but wait and hope for progress when you already invested your money.

It depends on the strength of the team and how huge their funds to sustain the project development consistently because there’s a lot of good idea crypto projects that didn’t materialize and die slowly because of insufficient funds or the team abandoned it because they faced a dead end on the development.

These days, Those project with strong team and marketing usually becomes successful no matter how shit the project is just like Richard Heart projects HEX and Pulsechain which are both shit peojects yet it has a lot of investors to sustain the project. The CEO is now being sued but the project itself will continue for development if the SEC didn't hit him.

It's not just about how long the token lives, but about how their community and the developers who develop the coin. it's pretty important.
Because there are so many new coins that appear only at the beginning, and then run off with a lot of investors' money. Doing detailed research will indeed help to find out what the long-term project for the new coin will actually be. If nothing is good and it's just run by scammers, then leave and find another project.

Before you buy any good token, research how long it has been operating and marketed. Remember there is no end to the observation and you can continue researching for as long as you want because your capital is in your pocket and there is no fear of losing it. So research independently if the token is not doing well then don't be able to buy. Moreover no one can take your money by force from the investor.

There is nothing new in this crypto that a new coin will bring that we have'nt seen before, we have had more and more in the past and they are yet to deliver all the promises they made, in short we are still dealing with insecurity, transaction speeds and decentralization, there is no coin in the market that has this 3 completely except they want to lie to your face, I repeat no coin in crypto market that has the 3 completely. Ethereum is secure, less decentralized and low speed, and has more investors as altcoin than any other coin will ever produce and still looking strong without any market competitors, because investors don't trust this new coins.

Have your heard or come across the word "diversify your portfolio before"? This is what real investors do, they don't put their coins in a single basket, they diversify their portfolio by investing into different coins because you never can tell the one that will yield more profits, doing this again will make you on the safe side because you also don't know the one that will fail at the end of the day, so it's always good to share your capital in different forms to be in the best investment risk.

It will be good news if you get profit from new tokens by investing. Also good projects will come in the market anytime and there is no fixed time, so research which one is going to be the best. I appreciate that you should choose ido maker sites where good quality new projects are available. But my opinion is don't choose tokens from small exchange for your investment. Because many bad projects from exchange often get hype.

It totally depends on what they are introducing and whether they are actually going to follow their promises or not. A good team behind the project is one of the fundamental things to be noticed since the team is the pillar of a project that won't let it fall and will keep it going the way it should. So, before you go ahead and start evaluating other things, you should first check if the project has a good team with a good track record and a history of successful ventures.

After that, you should check their whitepaper and see if their promises are actually realistic and if they can fulfill them without any issues or if they have written a bunch of crap that is only to fool the investors and they can never actually achieve what they are promising they would, that will pretty much give you an idea about the project and its potential.

Thanks for the advice.

Apart from the expensive fees, Binance has some requirements that need to be met in order for them to promote a new coin and ultimately list it. That doesn't necessarily mean that every new coin that is listed on Binance is worthy of investing in, but at least some of the research and work you would have done yourself has already been done by a corporation. On top of that, Binance, due to its promotions, creates a short hype when a coin is released. If you have participated in their presale or during their farming period through their launchpad, chances are that its launch will be hyped, something that you can take advantage of.

Yes, a developer with a lot of experience is the cornerstone of the implementation of the technology.

I'll check the capability of the creator and the developers, behind a great innovation are people who are capable of making this happens, I'll check the whitepaper and the roadmap, and if possible and I'm hoping that there is no crowdfunding involved, a completely new technology can easily get in on exchanges so there is no need of funding to get in on exchanges
so I can invest through exchanges, Many investors get frustrated when the coin they've invested fails to get on top exchanges.
I prefer to invest when the coin/token is already in exchange rather than crowdfunding because of my bad experiences with ICO where the price is very cheap when it is the market rather than on their ICO.

The most important is to remember is that during the fall of the market it is possible to remember that not all the projects will be able to survive.

Indeed. Agreed.

If it is having a differentiating factor, it can be a good bet. Like, there are some privacy coins which are suited for different type oof audience. Same way , if there is some other coin which is targeting some other problem being faced by crypto users, it can be success. Other factors matter as well though. Like the team behind the coin. You should do a thorough research about the team behind the coin. Most of the scam coins have imaginary people in their team as their end goal is to run away with the money invested by investors in the coin.

BTC is the benchmark in this field!
The reason why Binance has fewer scam projects is because of their strict vetting mechanism but also because of the expensive fees (scam projects, maybe he doesn't need to do a scam if there's enough money -lol).

Yes (this smacks of advertising -lol), I'll briefly elaborate on the basic concepts:
1. an unconventional consensus mechanism (for now I'll call it cooperative proof - perhaps something similar already exists; it's achieved by each participant throughout the network verifying each other, sharing performance and resources, etc.).
2. since it's a cryptocurrency, it should have a fast and easy transaction feature, we tried to implement instant transactions (I know many projects have been working on this, but we wanted to go down a different path, maybe the right one, possibly a labyrinth; gotta try right?) I have a preliminary idea documented in the whitepaper and we will verify its feasibility!
3. Modular design, building an independent core architecture (PolyKerma - many coins), where each function is independent, and can eventually form a complete "Lego", yes this is what my developer partner is doing at the moment (he's a good developer and experienced programmer).
Because of the modular design, there are infinite possibilities, as long as you have the idea and the ability to develop other functions to access the entire blockchain system (whether it's one layer or two layers or more, who knows).
4. Low-threshold, low-energy projects, POW requires a lot of energy, but also need to buy professional equipment, POS need to hold enough coins, both models for ordinary participants need to increase the cost.
So we feel that we should give participants another option, which is why we will use an unconventional consensus mechanism. We introduce a mechanism Node + MinNode (MiniNode can use mobile phones to participate, this function can be understood as "disguised mining", but has nothing to do with the arithmetic power)

Unfortunately, the majority of new coins are a complete gamble because a great number of them serve no purpose or are scam coins based on the pump and dump scheme. Generally, you'll need to read their whitepaper, see what the project's goals are, and most importantly, are they feasible, or are we talking about a panacea that can't be implemented in the real world? Are the developers organized, and is there a community that supports this project? All these questions play a vital role in determining if a new coin is worth investing in.

I'm not really into altcoins and investing in new projects because I can't bother researching if it's worth it or not; thus, I tend to stick to Bitcoin. However, Binance recently listed SEI and Cyber, both of which look promising, and I decided to involve myself in farming them. Binance also usually lists projects that aren't scam schemes, so you may want to be on the lookout for any other coins that might enter their launchpad.

Innovative ideas, practical technology, not just empty bragging rights, and community-based projects might be good places to start.

What would be the practical value of such a coin (aside from its unconventional consensus mechanism)? You previously mentioned, "If a coin is sustainable in the long term"... But how do you determine if a coin can truly withstand the long run? The market will ultimately dictate that.

As a new project, it is also possible to work with top projects only after proving their potential.
If there is no vigour and no potential, no one will pay attention to it, and it is even more unlikely that it will be supported by top projects.

It might be a little better to communityise the project

The partnerships matters a lot, if it has the partnership made with the top project, or top coins projects, then it make some positive thinking about the project. And, also there should be at least the whitepaper related to the technology which is used in real world will make some sense as well.

There is never an easy answer to this one otherwise everyone would nail it.  You really need to either do an insane amount of research or just gamble and know there is a good chance you might lose all of that investment.  Start following smart people amd check our their recommendations and go from there.

This is their line of service because the more development activities a project follows, the more investors will invest in that project. In fact if the project is scammed, there is no consideration of the development activities because after giving a lot of good services then suddenly they can scam. But investors always overestimate service activities. As through staking program a project is able to retain investors for a longer period of time.

Thank you very much for your attention, this is not our project, we haven't released it yet, it's currently in the development stage, we need to wait until the project development is completed and tested online before we can release it!
Our goal is a brand new coin (not token), not the regular POW and POS consensus mechanism, we refer to a lot of projects (including non-blockchain projects) before making the decision .

Assess whether that new function is solving a problem that really exists. If it does, then you will not be "able" to get into buying it, because the demand from investors to grab some of it will be so high. If it does not, then its just another shitcoin in the cesspool. In most cases it will be the second one. Still if you are thinking that it might be good, observe it after it has launched and marketed for a couple of years before making the decision to buy some for your portfolio.

Usually this type of tech comes once a lifetime. Bitcoin has been one. We are yet to see another and we might never actually do so.

IMO, you don't need to understand market needs, because as I said before that every revolutionary project in crypto will have its own place, if indeed your project is a project that is different in terms of model and other things, then your project will definitely get attention.

BTW, I've done a Google search regarding MundoCoin, and the results lead to: https://coinmarketcap.com/currencies/mundo/

is that the project you mean?

Yes, projects that are hyped up will only be short-lived.

Yes if its really worth investing and attractive why not. Most coins and tokens without new gimmick cant work in the degen market. Remember the hype on br20? These are new hype that surround bitcoin blockchain that are become mainstream to some OGs and see it become a trend and some gains a lot.

Thanks for the advice, I'll take it!

It's personal intuition and a bit of research that helps making the decision. If something new comes up, we should ask ourself first is it feasible? If it's feasible, is it useful? If it's useful, does it have enough market to grow? If it has a potential market, we should analyse if the current team is able to lead it into success, does they have good strategies set? Are they even legit person with experience of the market. If you well researched the coin you are investigating, even if things go wrong, you won't be at a loss.

Yes, it's quite understandable that NFT was originally advertised as: the blockchainisation of copyright; everyone could make all sorts of NFTs on the blockchain, but in reality it just created a lot of 'useless images'.
I can't comment on the usefulness of this technology, as more than one blockchain exists.
Maybe in some regions and countries, a great one exists.
In addition, the term "new technology" in this context is only a concept, and does not specifically refer to a particular idea. As I replied to others, I'm trying to understand the market and I don't think it's a bad idea.

It depends on what this "new" tech is. I mean, look at NFT, it was completely new and innovative back then but look at what happened. Look at what it's users made the scene be. While the idea was there, it basically ruined the market. Early on though I guess it was a good investment since literally everything was new, and the market was booming so you can get away with making a profit off of something no matter how bad it was.

Just that, there's a LOT of worthwhile investment, idea-wise. Execution wise? They just run away really, scam their investors and get some bit of money off of that.

Thanks, I won't promote this project blindly because that doesn't make sense, the only thing to look forward to is to really understand the market demand and complete the new idea, only if you take it seriously, then you can succeed.

Yes, honestly, I'm trying to start doing market research now, I think the only way to build a successful project is to understand the market needs and be able to successfully complete own idea.

Yes it is.
The only question is, is there any project who did that? There might be some in the past though I can't say the projects because I forgot them.

I've seen projects in the past that offers a completely new technology, and it seems sustainable in the long run, but for whatever reason it is, it ends up as a failed project. Nowadays, a completely new concept is very rare already, and most of the new projects that are popping out of nowhere are just either a clone of an old project, or a project that integrates 2 use cases from 2 different old projects. I don't want to say that it's bad to copy, but that strategy will not be sustainable in the long run, and that's the reason why most of the projects are failing I think.

Anyway, to answer your question on how to tell a new coin if it's worth investing in, there's no way to know it since you don't know the future of every new project. What's certain is that most of the new projects are ending up as a scam whatever the concept is, so in short it's hard to know.

A representative of a new project.
Your username speaks on the project that you want to advertise here. I guess good luck with your new project. Hoping that your project will be a successful one, your project will be different from what we are seeing already, and you will not scam investors.

Everything that is revolutionary on the crypto side always has its place, we can see how Ethereum brings a new atmosphere with its Blockchain 2.0 which enables other tokens to run on its network. So, if the project you are talking about is really a differentiator from other projects, of course the project will get attention from the public and become a worthy investment.

But wait, are you soft-shilling for MundoCoin? Because your username can be a representation of what you bring, LOL.

Yes, it's understandable.
Whether or not a project is worth investing in, apart from innovation and the need to verify that the technology can achieve its goals and is not just an empty dream!

Of course it's potential but it doesn't guarantee that the project will be a success. In the past there were many projects that offered new technologies such as decentralized markets or metaverse technologies. This means that it takes in-depth research to see if the project is worth buying or if it will just be like several other projects that have failed.

Not totally the assurance that it they will make it. Of course, a developer will say something promising in order to gain the trust and attention of the community making it believe that they can give the best thing possible. However, in many instances happens that they only just promise but have never happened in actual. This is why it was hard to determine if that project is worth investing in unless they will witness its performance. In fact, just like Bitcoin before, only it gains massive attention when it shows something different which makes people invest in it.

If what they offer are solutions, continuous development and a clear vision for the current or next year, but if all they offer you is promises of quick profit and investment that will bring you a high return or you will become rich in a week, then it is a fraud.
The golden opportunity is usually hidden and not known to many, but whenever many knew it and it was reported by the media and everyone wanted to invest in it, then it is the right time to sell.

In the altcoin market this represents less than 1%.

Make sure that the coin in which you are investing in is not vaporware, when bitcoin was released Satoshi did not had simply an idea on a piece of paper, he had a working software that people could use immediately.

Many coins over the years have made all kind of promises on their white paper which were incredibly impressive, but they could not really make their vision a reality and as such the project failed, so do not let yourself be deceived with sweet words, ask for the developers to show something tangible and if they cannot do it then move on and forget about that coin.

Read the entire use-case and analyze from there how that coin technology does make sense.

Everything has the chance to have potential but it depends on:

- how realistic the use-case is
- is it really necessary to be applied or implemented
- will it solve some of the usual issues in crypto and so on

To the question, if it's worth investing, there's no accurate answer to that. Even with how potential the project is, without proper funding, good support, and unable to attract more investors, it might have a hard time achieving all those goals in the roadmap.

It is worth investing but with a dozen-ton of consideration since this is completely new the project could boom in a second or die in a second too.

Concept like metaverse project for now isn't really worth to invest since the tech currently not that advance and still small people that use metaverse thing. What the project you are talking about anyway

If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?