The best way to know altcoin that has potential in the market cap

irhact

hero member

Activity: 616

Merit: 749

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

You can't use the market map of a cryptocurrency to know their potential, some project have low market cap but they don't do well during the bull market as they didn't have good marketing strategies to make their project to be known by individual looking for cryptocurrency to invest into. Some project with big market cap also do very well in bull market as they continued advertisings their project and making more investors to invest into them.

How to know a good altcoins is from the way the project are operating, some project get launched and nothing is done about the project but they're just abandoned and looking for a way the project will get attention so they can sell all their tokens and leave. Good project have realistic roadmap that the project is following and the team behind the project are always active building the project.

justdimin

hero member

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www.Crypto.Games: Multiple coins, multiple games

Quote from: btc78 on December 28, 2023, 08:47:25 AM

Marketcap is a popular way of finding coins to invest most people just pick the ones with the largest marketcap and invest on said coins however aside from the marketcap it is also widely advisable for investors to look into different factors

First check the white paper of the project in here this gives you insight about how the project would work it gives you its goals and other important details you need to know about the project

Second of course you need to check the developers or anyone behind the project it is most likely that a project backed up by credible and trustworthy people would have good potential

There are still more ways to determine good altcoins like checking their liquidity or trading volume and whatnot what I mentioned are just a few of them

I would say marketcap is definitely a good way to start, and the way the project has bene handled since release is also quite important as well as checking the community. I have seen plenty of projects with a community that only talked great things about it, only to search it on twitter to see plenty of complaints that got banned at the telegram group for stating their complaints. Remember, you can go into a group of ten thousand people, all singing praising songs of a token, and that may not be the reality, that might be just ten thousand that didn't get banned, always check reddit and mainly twitter, you will find the truth there.

Between marketcap, the project creators and the community, you will get your answers for any project that you may want. I have invested into so many different projects so far in my life, and when all three are great, it's rare that a project would do bad, not impossible it could still do bad, but it is certainly not that common at all.

wheelz1200

legendary

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No and that's a hard no. Over the years tons of crap coins have had a large market cap at some point. The biggest factor here is manipulation. I would actually argue if there is not a lot known about the project and it has a real high market cap then I would be more skeptical of that project.

o48o

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

You are asking the holy grail to the key of making crypto millionaires. If there would be simple answers to this, everyone would be all over them.
Answers to this depend on your scam tolerance level and everyone will give different answers depending where they are coming from. Some of them will take your money, so you just need to decide how much you want to risk. Most annoying part of losing your money is losing it to scammers. Tolerance on that varies, but i am not throwing a lot of money to random tokens that might rise.

Thing is, most fundamentals don't matter. From my experience, it all depends on timing. You can make money from scams and failed projects by entering at the right time and leaving at the right time. No one will tell you when that is, because no one knows.

Just buy stuff you like and hope you are lucky. There are some obvious signals that project is a scam, but that doesn't mean it won't be mooning before it collapses.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,

That's true, maybe the influencer is a noob, or he/she has a lot of knowledge in crypto, but still it's hard to follow his advise here, just saying.

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

my question is which way is the best? Share your idea about this to avoid certain limitations.

There is no secret formula to find which one is the best. And it might take some luck in your side to found that diamond or at least the next meme coins like Shiba or Inu. This is the best resource though, but still you need to learn how to read between the lines.

Maybe there are projects that might go off the radar but suddenly it exploded. And if I'm not mistaken, we have boards about the new and upcoming project so maybe you can start for there.

sunsilk

hero member

Activity: 2884

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Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

DYOR.

That's it and the rest will depend on the luck of the project and that luck will usually comes from the developers of it. Because it's not an easy thing to figure out if a project is going to have a potential.

We tend to say that to most projects but we all end up missing the train or when we're too optimistic about it, we fail in a sense that they also fail due to some reasons that this market is crowded already with the same projects and platforms of proposal they do.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

You can never be sure which will become a success and which will become a failure. Crypto market is unpredictable and uncertain. Even with having a strong background, support and good use cases in the end it might not become successful.
Better to avoid new projects and invest into something that has already made its impact.

Investing into something new is a high risk high reward situation. Also, it is kind of gambling.

Any kind of investment should be made with money that you can afford to lose. So if you like to take the risk, then you are welcome to do so. Because it is your money and you can do whatever you want with it.

Just to be on the safe side, do something that already showed its potential and still growing in the market.

There is always the option to invest into Bitcoin. If you don't feel like investing into something else then choose Bitcoin for a long-term investment plan.

mk4

legendary

Activity: 2716

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Paldo.io 🤖

It's like asking how to know which stock to invest in — there are lots and lots of factors to take into consideration.

use-case
backers
available and total supply
token emissions
momentum(or lack thereof)
revenues
etc

jrrsparkles

sr. member

Activity: 2380

Merit: 251

Eloncoin.org - Mars, here we come!

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

There is no way to find where is the water or oil source with bare food from ground level and that is how your question is.

You can find something interesting in a project and believe it is going to be a next big thing can be one reason for you to think it has the potential to grow in the future but nowadays if there is such one there will be a hundred more similar projects with different names so only project which has more influence has more probability to succeed.

btc78

full member

Activity: 2492

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Eloncoin.org - Mars, here we come!

Marketcap is a popular way of finding coins to invest most people just pick the ones with the largest marketcap and invest on said coins however aside from the marketcap it is also widely advisable for investors to look into different factors

First check the white paper of the project in here this gives you insight about how the project would work it gives you its goals and other important details you need to know about the project

Second of course you need to check the developers or anyone behind the project it is most likely that a project backed up by credible and trustworthy people would have good potential

There are still more ways to determine good altcoins like checking their liquidity or trading volume and whatnot what I mentioned are just a few of them

Samlucky O

full member

Activity: 280

Merit: 205

The great city of God 🔥

Quote from: Tmoonz on December 28, 2023, 07:57:29 AM

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

I think any advice you need in crypto currency is in this place BTT. You don't really need a suit Sayer to tell you that Bitcoin is the best investment. Over the years after Bitcoin emerged, there where thousands of altcoins around the globe and that give rise to fake coin everywhere. And because of the quest to make quick money made people fall into the hands of influencers.

So what I will advice you to do now, is that you should start working on yourself, by learning about risk involved in crypto currency like to keep you key safe, because there is a popular slogan that not your key not your coin. . No matter any amount of btc you might have im your wallet, if you don't have access to it, its just like you never had a coin before. another one is to know about the best wallet to use for crypto storage that will be safe. after all that accumulating Bitcoin is the nex thing.

if actually you want to start your crypto journey you also need to work and receive payment in other not to toch you accumulated Bitcoin.

Tmoonz

full member

Activity: 154

Merit: 108

Eloncoin.org - Mars, here we come!

It has been said to be very careful with influncer in one of the thread,
my question is which way is the best? Share your idea about this to avoid certain limitations.

Topic: The best way to know altcoin that has potential in the market cap (Read 93 times)