- the sincerity of the team
- trust
- continuous development
however, I think it is the 3 points that make a project a success. out there, there are quite a lot of good projects, but because there is no trust in the team, the project will die slowly. other than that, even though the concept is good, if the team only thinks about itself, then it's like playing with investors. Continuous project development is also very necessary, so that the project can adapt to the needs of investors or users.
Topic: What really makes a cryptocurrency successful - page 2. (Read 1004 times)
Which makes the crypto project my personal success probably because a solid team of his interested investors may be a small part of the success of the project and probably the success of the project's billionaire who invested in it because it would have a big impact on the success of the project and probably many more would make the project successful because it would have a big impact on the success of the project and probably many more would make the project successful because it would be so hard to predict
Stable investment is only in stable tokens and don't expect to get a lot of profit, because big profits only come at a great risk and it can only be done by those who are brave in the crypto space.
These days stable coin is not a common stable coin that can give you nothing. There are numerous platforms that already offered various staking and lending for the stable coin and you can get stable income from your stable coin as passive income. The fact that there are lots of people have been using this platforms since a few years ago and these platforms are growing so fast. You can't make a lot of profit from there but when you have lots of capital and you can make decent amount from staking your stable coin.
In my opinion, a sucessful cyptocurrency is made by the teamwork of its team for giving it a hype for the target investors. Also by making a good progress looking for the investors who will be really likes the projects of the platform.
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
in my opinion what makes cryptocurrency successful is :
1. the project team is very active and always provides information about the progress of the project
2. the concepts and ideas of the project are very good, so that they can attract the attention of investors
3. have a good partner, so that makes investors sure to invest in the project
4. often make AMA, so that many people know about the project and invest in the project
5. listings on major exchanges (Binance, Coinbase pro, Kraken, etc.), so the volume of coin is very high and the price will definitely increase
Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.
A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
I definitely agree with you mate, for me first thing that might be the major reason for a success of a certain project or ICO goes to the active and development team behind every successful token. There is no other than to credit but them because they are the reason for a successful improvement of token that leads to atteact investors or traders and mass adoption. A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
Lets just take a look with the high gas fee of ethereum too, this is the main concern for every traders and investors for the last couple months but it has nothing to do with the successful market of ethereum today.
I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.
we didn't really mind those fees before but that is because the price was just too little that we only ignore it but you can think about it today because the value of 0.0005BTC is already $25. this price is way high compared to using Paypal transaction.
if we consider the transaction fee as part of success i think we should be looking at the project that we can make a transaction without fee.
EOS would be the best candidate for this and it recently just blow up because some billionaires had just added funds to Block.one for an exchange development.
- New bids on the block (The story of Dogecoin is an excellent reflection of the absurdity of the cryptocurrency market)
- Ripple makes waves (Ripple’s goal is to build a next-generation cross-border payment system that will allow for any unit of value – whether it’s a dollar, a bitcoin, or even a tenth of a penny – to be moved easily around the world in a matter of seconds.)
- Getting smart ( Ethereum has been the subject of a great deal of hype over recent months.)
- New money’s new appeal (The surge in attention garnered by bitcoin’s alternatives gives rise to the inevitable question of what is driving its value. )
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Since people see the opportunity to make a profit at this stage, almost no one understands how it works, people try to find ways to buy the coins that are on the market hoping to get a good return. I am not too surprised because these are still repeating what the past happened, when the media talked about cryto too much, the fomo phenomenon started. "how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
One major factor for the success of every cryptocurrencies is the support of their community if it has a enormous number of supporters it can really attract plenty of big investors. "how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
There are many factors that make a cryptocurrency successful. The purpose of crypto money is primarily to offer a technology and to make people like this technology. If the technology they offer is not liked and trusted by people, of course the success rate will decrease. The key point here is to make people like something. creating a large audience. This can happen by advertising the crypto money well, with the team being related to the crypto money, listing it on good exchanges.
Can we simply take a look at these things and say that "a coin/token with a great marketing could make an insane profit at the short term but the coin/token with the great dev team and a good use case will always earn you more in the long run"?
I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.
Yeah I agree, this is why I always pick the coin that has a true use case that people will want and as long as they improve on that people will keep buying to use it for that use case which will make it more and more valuable because it has a buying reason other than "make me money" like most other ones.I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.
This is why those two both could profit you, some idiotic coins did went up because of marketing so in short term that could work too why not, but in the long term its always the proper one that gets you the biggest profit.
There are no indicator that some cryptocurrencies has been succeed now.
Many variable could be the indication.
From " how big the community untill the development of the platform "
i dont know much about shiba inu untill today.
But is it worth 10 billion marketcap ? Look at dogecoin. So the more you do due diligent the more confusing you will get.
Many variable could be the indication.
From " how big the community untill the development of the platform "
i dont know much about shiba inu untill today.
But is it worth 10 billion marketcap ? Look at dogecoin. So the more you do due diligent the more confusing you will get.
What makes a crypto currency successful is the innovation, workability and benefits to adopters the currency offers.
- Example of innovation is bitcoin, the first crypto currency, the pioneer which opened the path for altcoins come next. Later we had more innovations from ethereum, which have its own network and more recently binance smart chain.
- Example of workability are the currencies which allow adopters transact safely paying cheap transactions, although it's a very problematic point not fully fixed yet by cryptos in general, so we have a bunch of altcoins people adopt depending the situation, to pay low transaction fees. These could be considered successful examples of coins too.
- Example of benefits offered are the potential profits people can make by investing, staking and trading. This point is totally connected and dependent on the the first examples above to be proved on practiced. The most innovative and working currencies are the most beneficial at same time.
Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.
A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
I definitely agree with you mate, for me first thing that might be the major reason for a success of a certain project or ICO goes to the active and development team behind every successful token. There is no other than to credit but them because they are the reason for a successful improvement of token that leads to atteact investors or traders and mass adoption. A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
Lets just take a look with the high gas fee of ethereum too, this is the main concern for every traders and investors for the last couple months but it has nothing to do with the successful market of ethereum today.
I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.
I agree that cryptocurrency investment is very risky and not all the people are ready to risk, it is good that there are investments funds that offer a stable income for investment.
Stable investment is only in stable tokens and don't expect to get a lot of profit, because big profits only come at a great risk and it can only be done by those who are brave in the crypto space. Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.
A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
I definitely agree with you mate, for me first thing that might be the major reason for a success of a certain project or ICO goes to the active and development team behind every successful token. There is no other than to credit but them because they are the reason for a successful improvement of token that leads to atteact investors or traders and mass adoption.
Lets just take a look with the high gas fee of ethereum too, this is the main concern for every traders and investors for the last couple months but it has nothing to do with the successful market of ethereum today.
In my opinion the biggest two factors that make a crypto currency successful are market capitalisation and the trading fees. If the market is too small, or there are not enough investors and traders, than it is not likely that new investors are going to buy that coin. We want a coin that is being actively traded in larger sizes so we can buy and sell more easily. And the more trader there are the lower the bid/ask spread should be. As for fees, the more we trade a coin the more important it becomes that fees are not so high.
Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
In my opinion the biggest two factors that make a crypto currency successful are market capitalisation and the trading fees. If the market is too small, or there are not enough investors and traders, than it is not likely that new investors are going to buy that coin. We want a coin that is being actively traded in larger sizes so we can buy and sell more easily. And the more trader there are the lower the bid/ask spread should be. As for fees, the more we trade a coin the more important it becomes that fees are not so high.
Having an active team and developer and being listed on a top exchange with having a high trading volume makes a certain coin successful. Sometimes, it could happen in the long run so it needs patience. Most coins that fail are usually listed in unknown exchanges that don't have a good number of traders.
yep, if you are not ready for the risk, never put your funds in a volatile market. as the law of economics high return = high risk. Moreover, the crypto world is decentralized, anyone can make their own decisions.Cryptocurrency market raise and a lot of newbies come to the industry. If persons do not want to risk or do not have experience for investment there are investments funds like https://defiscale.io/ that invest money in gambling and finance and offer a stable income on investment.
I agree that cryptocurrency investment is very risky and not all the people are ready to risk, it is good that there are investments funds that offer a stable income for investment.
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Is it profitable it brings?"how good the project is, what the idea is all about, team etc)
But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Its ability to store money is very high, No need to be too cumbersome
Transactions happen quickly, very conveniently
They develop good projects with the potential to attract investors to participate
It's as successful as it is now because it makes people believe in its value, believe the profits it brings.
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