What matters to grow the price of an Altcoin

InwardContour

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Quote from: NIKUBHI on April 11, 2020, 12:55:55 AM

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

First of all, it takes a genuine hardworking team to keep fostering the price of their coin long term and also to build a decent project which will attract crypto enthusiasts. Listing on good exchanges plays a vital role in price action, you can't expect a coin listed on Binance, OKEX and HUOBI to perform better if listed on smaller exchanges with low reputation and trading volume. Also, marketing is another aspect, how well do they give relevant updates, publish articles to target investors or showcase their product to draw interest. Many altcoin projects fail in this regard, and some fail due to team greed. Most importantly, product development is vital for price action, nowadays investors do not necessarily listen to influencers, they want to see working products. Building a strong community too will help reduce people dumping massively when there is little FUD.

restuibu

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listing on many different exchanges or the team working behind altcoin is a very important thing in my opinion, but still choose an exchange that already has big name. if all is only a small exchange then it will be useless

target

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What matters is if they pump BTC and all others will pump. Just today the price of ETH breaks the 175USD resistance and so the rest of the altcoins are also green. Every altcoin has their ecosystem so when an altcoin jumps to a milestone they may earn some trust from individuals who sees the altcoin's property and features and if he sees its worth he will bid in that coin turning its price green as well.

Thomas-s

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To increase the price of the most important altcoins already listed in several markets because investors believe that the altcoins have a big potential if there are many fans then the price will rise, for the team that manages an altcoin should also be active in promoting the coin so that the boost will be greater.

Smart promotion is one of the big keys to the success of the project, but now there is very less project who knows how to do good marketing. maybe new projects just do not have enough money for promoting

LbtalkL

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From my own perspective it all comes down with a "trust" if one altcoin has already built a community trust, new altcoin with the same feature cannot beat it no matter how good it is in terms of technology. Just like bitcoin for sure there are many altcoins out there that are better and faster, lesser fees, etc. But why they cannot beat bitcoin in terms of marketcap? Because bitcoin has already gain "trust".

spike420211

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For a long time, the key factor in increasing the price of bitcoin is not development, but listing on a large exchange.
The price of a coin depends on its demand in the market. The higher the demand for it, the higher the price rises.
Demand is formed in people's heads depending on potential profit expectations.

For example, Justin Sun constantly uses this trick, raising potential investors' expectations due to the announcement (!) Of "incredible news".

Hippocrypto

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Quote from: Eclipse26 on April 16, 2020, 09:44:15 AM

All I know is that, demand determines the market value of crypto so it has something to do with the volume also. If the demand to a particular altcoin is high, the tendency is that it would have a high market value. Demand on the other hand is not only dependent with the token supply, but also to the popularity of the altcoin or crypto in general. The market behavior also plays a role in this scenario. The market behavior would more likely pull or push the demand and the market price of cryptos just like what we can see at this point wherein the market still is 'deep'.

Quote from: FrozenBit on April 16, 2020, 08:28:50 AM

Quote from: xSkylarx on April 16, 2020, 07:38:50 AM

Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.

Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products.

There are many cryptos that passed by on the previous years which had a huge potential but still ended failing the project in general. That is how strong the influence of the market situation. There are times investors are afraid to invest which is a bad thing for the project when it comes to their campaign period. Domino effece then occurs.

The investors who previously trusted those promising projects were all affected by declining crypto economy. There's no assurance for now if they'll able to resume their trust or prefers to hibernate for a while. However, it sounded strange since it's been two years that bitcoin and several altcoins were facing unstable value which never pump impressively.

el kaka22

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Quote from: itsv on April 15, 2020, 05:39:53 PM

i think there are lots of factors involved most of which are already listed such as :
1. working product
2. real world use case
3. Active development team and community

But the most import aspect in my opinion is the aggressive marketing campaign utilizing both mainstream media and social media side by side that is one key aspect that will surely act as a catalyst for the price to go up. There are many good projects out there since the start of bitcoin like namecoin etc but their price didn't move that much and we have seen many shit coins pump without even a prototype all because of marketing.

Yeah, that "important feature" thing is quite important and many altcoins do not really care enough about it when they really should. If your coin doesn't bring anything new to the table, that will not get any attention, it has do really make a whole change to blockchain world, so much so that all the coins that is created after you should adopt the blockchain you made in order to continue.

Look at ethereum and eos and tron and so forth, they did something so great with the dapp world that now everyone wants to be a dapp blockchain and have stuff that are dapp with their blockchain. That kind of huge change will make your coin heard, if you can't really make that kind of change and only improve on what is currently available you will not be used all that much probably as well.

Eclipse26

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All I know is that, demand determines the market value of crypto so it has something to do with the volume also. If the demand to a particular altcoin is high, the tendency is that it would have a high market value. Demand on the other hand is not only dependent with the token supply, but also to the popularity of the altcoin or crypto in general. The market behavior also plays a role in this scenario. The market behavior would more likely pull or push the demand and the market price of cryptos just like what we can see at this point wherein the market still is 'deep'.

Quote from: FrozenBit on April 16, 2020, 08:28:50 AM

Quote from: xSkylarx on April 16, 2020, 07:38:50 AM

Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.

Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products.

There are many cryptos that passed by on the previous years which had a huge potential but still ended failing the project in general. That is how strong the influence of the market situation. There are times investors are afraid to invest which is a bad thing for the project when it comes to their campaign period. Domino effece then occurs.

FrozenBit

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Quote from: xSkylarx on April 16, 2020, 07:38:50 AM

Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.

Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products.

ViralNation

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Well generally speaking, the life of any altcoins depends on how useful the coins are, how big and supportive it's community and how eager the developer to constantly do the upgrades of their projecs.

Exactly.

For example look at coins like Creditcoin. Was invested in by Brian armstrong (CEO of coinbase) and as a result has gained alot of media interset and followers. they are bringing hte credit system onto the blockchain which has never been done before and can be used globally

xSkylarx

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Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.

michellee

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Quote from: flagpara on April 15, 2020, 07:56:46 PM

When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust.

That year is the best year for every project because almost all projects were success to release their project. They attract so many investors to invest in their project. But then, the situations have changed, and only a few projects can survive at this moment because the crypto market is unpredictable, and they cannot do anything. Support from the investors, participants, and the exchanges will be needed for the real project, which can give advantages to them back in the future, and not just for making the profit.

shinratensei_

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Quote from: Eplus_Team on April 15, 2020, 07:16:06 PM

I think the main point is that the Altcoins needs an usecase, so people dont just hold and they use it too.

Since crypto was created and the main aim was always to develop the real use case for the altcoin that can be used into the platform. Usecase is everything and it matters a lot.
The fact that if investors, buyers or even traders will always ask the team about what was the use case of token for the platform.
This is about the implementation.

davidroux

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Quote from: flagpara on April 15, 2020, 07:56:46 PM

Quote from: NIKUBHI on April 11, 2020, 12:55:55 AM

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust.

IEO now only works well at large exchanges because this is where there are many good projects and they are willing to invest if the project is of interest to everyone. Of course, you have the right to choose whether or not to invest because it all depends a lot on the investor and the exchange only makes it possible for you to buy easier without having to worry about scam issues. However, be careful and consider because not all projects will help you make good profits.

flagpara

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Quote from: NIKUBHI on April 11, 2020, 12:55:55 AM

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust.

Eplus_Team

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I think the main point is that the Altcoins needs an usecase, so people dont just hold and they use it too.

Kasabus

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Quote from: Text on April 15, 2020, 06:55:04 PM

All the factors that are likely to affect the price of a coin are mentioned. And to put it all together is definitely a good outcome.

For me, price doesn't matter, just as much as investors don't lose. because they believed and clung to the promises that the people behind a project should really fulfill.

Now that crypto users are becoming more and more aware of the market trend, they are wise to look and choose the coins to enjoy.

Choose those coins that will live long term. Those coins that have potentials and will surely grow its price as time goes by and not fall into as dead coins. Marketing the coins will help them to grow their prices because there will be more investors that will be interested to invest in them because of their own great value they possess.

jhonjhon

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Quote from: Text on April 15, 2020, 06:55:04 PM

All the factors that are likely to affect the price of a coin are mentioned. And to put it all together is definitely a good outcome.

For me, price doesn't matter, just as much as investors don't lose. because they believed and clung to the promises that the people behind a project should really fulfill.

Now that crypto users are becoming more and more aware of the market trend, they are wise to look and choose the coins to enjoy.

But we can't deny that high price attracts newcomers and investors. This is also to determine that this project has a huge market demand and has a working product.

One thing that could help with the price to grow is having a good market strategy. If that certain project/altcoin has a good marketing strategy it surely they'll find a positive result. We know the market competition, in fact, it keeps stronger as many projects have already existed today.

mirakal

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Quote from: seleme on April 15, 2020, 05:25:52 PM

Quote from: forexandcryptoauditor on April 14, 2020, 02:48:47 PM

The first thing which I can say the root of any project is its product. How much demanding it is in the market? Ten if the project has raised enough funds, has the development completed or on track? And then on which exchanges the coin is listed? All these matters a lot. Not developed projects which do not have transparency towards its community or projects listing on not so good exchanges showing fake volumes and trades will bring down the price of altcoin eventually.

Demanding working products is the first reason why projects don't publish their all features before ICO/IEO. If they publish everything, the interest will decrease, many teams prefer to distribute the positive news over the few weeks in order to keep the interest which can add more demand to the pool.

The competition seems to be tougher now in the altcoins market, before, a project can be successful with just a mere whitepaper only but the big ones already entered and they have bigger to offer, they have working products and a reputable team, so they'll win, but despite that they still struggle and that is due to the overall market condition.

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