Topic: What really makes a cryptocurrency successful - page 6. (Read 981 times)
Mostly successful coin or token in the market are owned by billionaires and or a well-known person in the world. This happened because this was surely organized, well consulted by experts and adviser in a crypto were most things needed in a project that has big impact in the economy.
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
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Hype?
As far as i know the legit project that can be accepted by the community easily already published by so many press release.
So many investors didn't know about DYOR. They were only doing herding activities.
The legit team can be seen from how active they are in developing their project. I think that could be the reason. A legit project will get massive demand instantly from the crypto communities.
Hype is a bit correct but more a guy like Elon will make the cryptocurrency more legit.
You can do all the DYOR you want but you can only see how Doge get to be this big because of one guy. Seriously there are a better project that has greater concept solving a real problem but if there is no community that will support it, it may fail.
From my experience, i learnt that projects starting with a bounty all are almost a failed projects. Of course we can't generalize it, but i am sure that the successful coins are the ones backed by a real project and it's an utility token to maintain the running apps. In this box, i can mention little to few examples of successful cryptos like ether and BNB. Note that we concluded that they are successful after a long journey of work and updates, but if you are looking for a project to invest in, better to dyor according to your background knowledge in a specific field.
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
I don't know how you provide instant trust because you only need trust if you need immediate acceptance. For some more trust now, we agree to buy new altcoins from the exchange instead of any websites. Actually, without a good exchange, only new can be successful. There is only a strong partnership which can help, I believe. Anyhow, show us some trust that new projects will work as mentioned roadmap. "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
The exchange where it is being listed helps to the success of a project. Today, we all knew that Binance is like the standard exchange of projects for it to be successful.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.
This is only one facet of why a specific project can attain success. The major factor for me is its actual usage among crypto users or even to ordinary public. If the app or product can be used or applied in their everyday life, there is a chance that the project can achieve success. Because without use case, it is hard for a project to hit it off in the market. If they will just rely on traders, they will not survive. So aside from the exchanges, should be the actual developments of the platform itself. And how they can influence the community.
The exchange where it is being listed helps to the success of a project. Today, we all knew that Binance is like the standard exchange of projects for it to be successful.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.
There seems to be a theme common to successful projects and a lot of it is down to promotion and marketing.
Most successful projects through their promotions have been able to build a massive following and vibrant community that is optimistic about the project's chances for success. When all this is combined with a team of professionals, partnership with top companies and exchanges and interest from large investors, the project often succeeds
Most successful projects through their promotions have been able to build a massive following and vibrant community that is optimistic about the project's chances for success. When all this is combined with a team of professionals, partnership with top companies and exchanges and interest from large investors, the project often succeeds
It is the hype of the community. If there is one person believing in the project, he will spread out his words to other and the process repeats. However, they might be only succeed in a short term because no institutional investors or knowledgable holders want to involve in long term trading. Sooner or later, a coin will explode
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
So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Hype?
As far as i know the legit project that can be accepted by the community easily already published by so many press release.
So many investors didn't know about DYOR. They were only doing herding activities.
The legit team can be seen from how active they are in developing their project. I think that could be the reason. A legit project will get massive demand instantly from the crypto communities.
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
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