Topic: Okay. What is the main factor that boosts Altcoin value? Popularity or Tech? - page 7. (Read 1511 times)
January 25, 2020, 03:12:22 AM
I think the main factor is technology. Because all we know that altcoin already need innovation to make it's feature better and level up to have a great competition to bitcoin. If it's feature is already develop marketing problems and popularity is not a problem anymore because user and investor will make a good marketing for altcoin.
January 25, 2020, 01:50:09 AM
Technology is the main factor of all that, then the media that make altcoin become popular and even excessive hype. We realize that technology will not be able to change everything in a moment, now the problem here is that users always want instant things which will only encourage panic and fear for new users because after what they expect when there is hype is not in line with expectations.
January 24, 2020, 11:24:25 PM
Popularity does as it currently is. No one is really interested in the tech behind a project everyone looks forward to the profit they will make from such project. Of there are no profits to be made they move to the next project.
Right now we see a lots of projects and those investors are doing like this, they are looking for good benefits and not interested for holding once they see profits they quickly sell out and look for another projects. Technical sides of project is not the main attraction from most day traders only people who are aiming for development and future usages of project will continue to support this kind of coin. 
January 24, 2020, 11:18:28 PM
Popularity always follows tech and not the other way around, at least if you prefer an organic growth of an altcoin.
Exactly. Popularity of altcoins should be more than technology. Some altcoins are living with hype even how shit they are particularly those new coins/tokens. Don't be surprised then.Hence, only one coin can be this both, no other than bitcoin.
Do you mean this exactly? Or did you only unintentionally turn it the other way around?
What I meant is that popularity is only a result of a brilliant technology. An altcoin gains value and popularity because it is offering something that is technologically innovative and useful. So popularity always follows technology and not the opposite.
January 24, 2020, 06:10:10 PM
They are both important but popularity is what matters most I think, so many altcoins was designed to carry many technology advantage for the reason of increasing their value in the market but still it all comes down to popularity because with popularity we get more capital from the people who want to use it, and majority of people that uses crypto seem to not care about the technology behind it. Many projects I've seen having pretty "ordinary" technology but could still make it to top 100.
January 24, 2020, 05:42:26 PM
Of course, this is not a simple thing that can be solved with just one factor. The factors that OP mentioned, Famous developers, Media reputation, Just technology itself, each have an important role to form a wide network. If everything can be maximized, it will easily attract and form investor trusts, and this is very important for project development.
Popularity does as it currently is. No one is really interested in the tech behind a project everyone looks forward to the profit they will make from such a project. Of there are no profits to be made they move to the next project.
That is what is happening right now, because what is prioritized is profit, and lack of patience to wait for the development of the project as a whole. But that can't be blamed either, however, everyone has their own goals and strategies. January 24, 2020, 01:27:46 PM
Popularity does as it currently is. No one is really interested in the tech behind a project everyone looks forward to the profit they will make from such project. Of there are no profits to be made they move to the next project.
January 24, 2020, 01:00:43 PM
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...
Let us start from the basics, any altcoin that wants to have value must be popular, it doesn't need to be a famous developer, or media reputation, but a solid project.
During the days of sero, harmony, tokoin, PR advert did not make them popular and accepted nor did it make it increase in price.
Their solid project, functional and achievable was lauded and regarded by all with the knowledge of crypto currency, that is the best factor in the crypto space TECH.
January 24, 2020, 12:37:01 PM
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...
Since we are inside the virtual world powered and made possible by the advent of the modern technology that keeps on developing and improving as time passes by, then for me aside from the promotion and marketing strategy which is common and must have by any project, I think the main key or the main factor that can boosts up an Altcoin price will be the technology itself because people are easily attracted into the latest technology that can make life easier and make daily situation more convenient than ever. So to attract people and raise the demand volume, it will be best to see what technology it can offer to boost the interest of the people that can make them decide on investing into that project. Then next will be the popularity because once people know about the technology they have, surely it will bring a lot of people that will raise its popularity. The combination of these two factors are relevant in boosting the price of a good project within the market.
January 24, 2020, 12:30:00 PM
I believe that a combination of these two factors is the key to the success of the coin. It all depends on each individual project and the time when it enters the market. Thus, the project can have very good performance during the general hype, while having rather weak technological characteristics, and vice versa.
January 24, 2020, 12:11:44 PM
Back in the crazy ICO era it was about shills and the famous ones that people got to know about but as many people have come to the realization that all these promoted coins tend to end up as shit coins things have changed. People are now more interested into the technology, the products released by the team and the future of the project before they buy into any cryptocurrencies.
January 24, 2020, 12:05:04 PM
For some stable coins, it is pretty much all these articles that you see in the internet. One of these would be Steemit that I saw most people insert a link when they're trying to share their thoughts about a particular coin.
It is a blockchain-based anyway so I am not surprised that many crypto hodlers would use that for their blogs, although it doesn't mean entirely that blockchain is all about cryptos.
It is a blockchain-based anyway so I am not surprised that many crypto hodlers would use that for their blogs, although it doesn't mean entirely that blockchain is all about cryptos.
January 24, 2020, 11:33:27 AM
Based on what I see for some altcoin project in the market the price can be increase by popularity but first its need a good project concept or a good technology inside then next step is the marketing strategy tobe know or popular in the crypto world means both are good for alts project.
Marketing and speculating are the only thing need to have a rally in all these coins and that is happening for a very long time and if that is not the case why we need multiple coins for the same purpose, some are solid coins with special features for privacy and security but there are ton of coins which serves the same purpose and hence in my opinion marketing and speculation is the one boosting the price. January 24, 2020, 11:27:38 AM
For me, Just balance 50% on Popularity and 50% on Technology, Why? Because I see so many projects that have potential ending up a failure because their marketing is not good, the team is not showing on social media and blockchain conferences. Investors want to see an active project to minimize the risk of being scammed. But at the end of the day, the uniqueness and the technology of the project are very important and could lead the project to success with the support of the community.
January 24, 2020, 11:18:52 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...
Based on what I see for some altcoin project in the market the price can be increase by popularity but first its need a good project concept or a good technology inside then next step is the marketing strategy tobe know or popular in the crypto world means both are good for alts project.
January 24, 2020, 11:11:41 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...
Based on what I see for some altcoin project in the market the price can be increase by popularity but first its need a good project concept or a good technology inside then next step is the marketing strategy tobe know or popular in the crypto world means both are good for alts project.
January 24, 2020, 10:59:42 AM
As the subject goes, what could be the main factor?
Both technology and marketing are very important because even with great technology, if the product is not well marketed, nobody will get to know about it. To me marketing will give popularity and hence boost the value when more and more people pick interest in the project. For instance, some coins actually soared high in price during altcoin season because of product hype by YouTube influencers, hence you can get a clearer picture of what I mean.
January 24, 2020, 10:57:12 AM
popularity without a doubt, however if the tech behind is good, it's not gonna create a classic "pump and dump", but rather stay and keep it's value.
Some projects focus more on tech than it's popularity, which is a good indicator of a project that's undervalued. Take a look at Blocknet for instance.
First mover on DEX developments, listed on decent exchanges, builds decentralized oracles through their XRouter and XBridge services.
As a node owner you can earn:
Block Rewards
DEX trading fees
Oracle Service fees
It seems as a few people realized the passive income potential of this project a few weeks ago, as it has performed amazingly well recently.
Tech is everything, a lot of alts will die out even more than they are today, I'm sure.
Some projects focus more on tech than it's popularity, which is a good indicator of a project that's undervalued. Take a look at Blocknet for instance.
First mover on DEX developments, listed on decent exchanges, builds decentralized oracles through their XRouter and XBridge services.
As a node owner you can earn:
Block Rewards
DEX trading fees
Oracle Service fees
It seems as a few people realized the passive income potential of this project a few weeks ago, as it has performed amazingly well recently.
Tech is everything, a lot of alts will die out even more than they are today, I'm sure.
January 24, 2020, 10:50:09 AM
The more of these factors in the project, the longer the project survives. But the most important factor is surely tech. The strong technology develops other factors with itself. Popularity affects the project's liquidity in the early days, but when technology is weak, the project won't go too far.
January 24, 2020, 10:35:13 AM
Probably marketing would still take the number one spot because no matter how awesome your coin could be, without marketing you have no chance to get to be known by other people. However after the ICO stage and it has been few years since your coin is on the market, you know people like it or not, if people do like it they end up buying it all the time and keep talking about it and it would be popular, if people stop caring about it and sell it the price would go down and it would be forgotten a long time ago.
So technology is important, where you can use it is even more important, but these are what you care only after the first year or so, first year only marketing is quite enough to get as many people involved as you can. I would only care about where you can use it probably more than any other tho.
So technology is important, where you can use it is even more important, but these are what you care only after the first year or so, first year only marketing is quite enough to get as many people involved as you can. I would only care about where you can use it probably more than any other tho.
Jump to: