Okay. What is the main factor that boosts Altcoin value? Popularity or Tech?

hwteeer

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Quote from: witbla on February 24, 2020, 04:11:55 PM

I would say that what also makes sense - they are unique with the features they are bringing. And I couldn't find competitors with similar functionality. But of course, I recommend you to Google guys and have a look at the website to get a bit deeper

This is a good idea, will do shortly and get back with my thoughts. Thanks

witbla

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Quote from: hwteeer on February 24, 2020, 04:02:23 PM

This sounds familiar, I might have heard of it already, but will definitely have a closer look

I would say that what also makes sense - they are unique with the features they are bringing. And I couldn't find competitors with similar functionality. But of course, I recommend you to Google guys and have a look at the website to get a bit deeper

hwteeer

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Quote from: witbla on February 24, 2020, 04:01:23 PM

As for me, one of few really advanced solutions I can recommend is ThreeFold Network, pretty widely discussed one these days. In few words, Threefold network is the biggest decentralized grid of self-managing Internet capacity in the world, being built collectively by an inclusive ecosystem and owned by everyone. Mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price

This sounds familiar, I might have heard of it already, but will definitely have a closer look

witbla

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Quote from: hwteeer on February 24, 2020, 03:51:58 PM

This definitely sounds interesting and rational, cause usually people just follow what everyone follows. But I love your strategy more, it is deeper and more objective. As you are into tech and IT in particular, can you give me an example of the solution that meets your requirements nowadays?

As for me, one of few really advanced solutions I can recommend is ThreeFold Network, pretty widely discussed one these days. In few words, Threefold network is the biggest decentralized grid of self-managing Internet capacity in the world, being built collectively by an inclusive ecosystem and owned by everyone. Mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price

nicecrypto

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i think both of them plays an important role, but the technology aspect plays a much bigger role, a project with a ground breaking or an outstanding technology will often gain much serious attention from investors and can have a positive impact on price,
popularity is good, but without a solid technology will not go a long way to sustain its value, better technology the reason why we invest

hwteeer

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Quote from: witbla on February 24, 2020, 03:50:02 PM

Well, my strategy is the pretty complex - I am starting with the niche. For example, talking about me, I am fond of different progressive IT solutions. After the niche is chosen, I have a look at the solutions that are having the highest ratings along with real feedback from users. And then I am also evaluating things on my own, paying attention to team, opportunities and more

This definitely sounds interesting and rational, cause usually people just follow what everyone follows. But I love your strategy more, it is deeper and more objective. As you are into tech and IT in particular, can you give me an example of the solution that meets your requirements nowadays?

witbla

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Quote from: hwteeer on February 24, 2020, 03:43:19 PM

Hey. Talking about me, I agree that there are many aspects that matter. And I am not only talking about the idea as the idea, but much more about complex approach. So curious to hear your views

Well, my strategy is the pretty complex - I am starting with the niche. For example, talking about me, I am fond of different progressive IT solutions. After the niche is chosen, I have a look at the solutions that are having the highest ratings along with real feedback from users. And then I am also evaluating things on my own, paying attention to team, opportunities and more

hwteeer

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Quote from: witbla on February 24, 2020, 03:42:31 PM

Greetings ladies and gentlemen. I would say that there is huge variety of different solutions coming onto the market, so I am here with the strategy I personally use. In my opinion, mine is pretty rational and can help to find the most advanced solutions

Hey. Talking about me, I agree that there are many aspects that matter. And I am not only talking about the idea as the idea, but much more about complex approach. So curious to hear your views

witbla

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Greetings ladies and gentlemen. I would say that there is huge variety of different solutions coming onto the market, so I am here with the strategy I personally use. In my opinion, mine is pretty rational and can help to find the most advanced solutions

Farma

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I think the main factor in the rising price of an altcoin is its popularity and function. if altcoin has a very useful function, then the price will rise, and little by little its popularity will increase. however, without the expected function, popularity will not occur in a project.

Destroyeroff98

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Quote from: aosis on January 24, 2020, 05:20:53 AM

As the subject goes, what could be the main factor?

Famous developer, Media reputation, MM... or Just technology itself?

So far, it seemed that marketing and market marking were the main factors...

Btw, has anyone experienced BISPEX exchange known as its insurance funding?

Technology is definitely important, but in today's world, advertising will be more important.

ScamViruS

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In my opinion The project team plays a big role. A well known team has many advantages. For example, raising funds and listing coins on big exchanges. And people are more attracted to those coins. Many good technologies coins cannot be listed on good exchanges. There are many coins that do not have any good aspects, yet those coins are listed on the big exchanges. This is what I saw.

Latviand

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Popularity would play a bigger role. The proof to this is ethereum. Ethereum's market price as well as ripple. The price of these altcoins keeps on growing as their popularity are widely being recognized. Same thing with the new altcoins in the market popularity is the main thing that encourages the investors to invest because those coins which are popular are those which has a bigger tendency to be more in demand.

Quote from: Furryball on February 24, 2020, 12:13:30 PM

Quote from: aosis on January 24, 2020, 05:20:53 AM

As the subject goes, what could be the main factor?

Famous developer, Media reputation, MM... or Just technology itself?

So far, it seemed that marketing and market marking were the main factors...

Btw, has anyone experienced BISPEX exchange known as its insurance funding?

Every success of a blockchain project depends on the hard work of the team, if idea is good but team aren't hardworking it will surely fail or not perform well on the long run, secondly the real use case of the project is very important for the demand to grow higher

The market condition at this case, is I think, another factor to consider. There were many popular projects in which teams worked hard in order to reach success. But the negative market behavior dragged the outcome of those prohects down. When the majority of the market suffered from downfall, only a few projects succeed and those success are not even close to the expectations of the majority towards the project, simply showing how the market situation highly influences the outcome of a project.

Tylev

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Quote from: travwill on February 24, 2020, 12:06:14 PM

In modern realities, the main factor will probably be the popularity of the coin due to the fact that most investors are focused exclusively on initial, that is, starting, profit.
If we consider cryptocurrency projects in terms of time, it is clear that in the future, projects whose technological component will be impeccable will be most in demand.
However, it is difficult to say how it is actually better to build your marketing technology company, given that the market is tied exclusively to finances.

The technology or popularity of a particular type of cryptocurrency, of course, plays a big role in shaping its price. However, in practice, the state of the cryptocurrency market is crucial. Even with the best technology and functionality, the price of most coins drops immediately if the cryptocurrency market is in decline. Therefore, initially the market significantly affects the price of a new coin or token. In the future, personal characteristics of a particular type of cryptocurrency already matter.

Furryball

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Quote from: aosis on January 24, 2020, 05:20:53 AM

As the subject goes, what could be the main factor?

Famous developer, Media reputation, MM... or Just technology itself?

So far, it seemed that marketing and market marking were the main factors...

Btw, has anyone experienced BISPEX exchange known as its insurance funding?

Every success of a blockchain project depends on the hard work of the team, if idea is good but team aren't hardworking it will surely fail or not perform well on the long run, secondly the real use case of the project is very important for the demand to grow higher

travwill

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In modern realities, the main factor will probably be the popularity of the coin due to the fact that most investors are focused exclusively on initial, that is, starting, profit.
If we consider cryptocurrency projects in terms of time, it is clear that in the future, projects whose technological component will be impeccable will be most in demand.
However, it is difficult to say how it is actually better to build your marketing technology company, given that the market is tied exclusively to finances.

Kiefner

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Of course, technology matters. After all, if the technology is really worthwhile, then the project will be implemented as it should. Popularity in this case is an auxiliary tool.

Crypto5060

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A lot of factors determine an altcoins growth, marketing is number one on the list because if done right the coin will become popular among crypto users. Then an actual product is a plus.

matchi2011

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Buy $BGL before it's too late!

Quote from: bison on February 18, 2020, 09:10:16 AM

a function that can be accepted and used by the market. when they create a platform but are not interested in the market then it will only wait for the project to be terminated. the popularity and technology developed must be based on the orientation of growing market interest. that's how to grow requests that can grow the value of the altcoin in the market.

Addition to the current system will bring project to a good success, without any usable things to offer everything will ends up to pumped and dumped trading. Popularities together with good marketing strategy from the team behind will give a good chance for the project being supported by many investors around.

TrevorS

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Take a look at examples of the latest projects that we see in the crypto market. Let's turn to the best. Binance Exchange, the largest exchange on the market, created its own ecosystem where it attracted many projects and forced them to switch to their own network. The exchange also conducted quite a lot of fundraising (IEO), thereby bringing a number of companies to the cryptocurrency market.

Due to what all this happened, are all the projects so technically good that they are awarded multi-million grants? Obviously not. Because when no one cares how much the project is worth and being implemented, it’s important for everyone that it’s possible to make money on it, this is what most people care about right now. I’m not saying that all projects are not bad, I’m just saying that few people pay attention to this.

At the same time, investments in such projects hinder the development of the entire market, but develop the exchange itself. But cryptocurrency and blockchain are not exchanges.
One way or another, in the future, the market will clear itself of any kind of garbage no matter where in the ranking it is, which means technically implemented projects will form the crypto market of the future.

Topic: Okay. What is the main factor that boosts Altcoin value? Popularity or Tech? (Read 1479 times)