Topic: Why is there so much interest in popular cryptocurrencies? - page 2. (Read 586 times)

This is a very valid reason Simply put, of course most people enter the world of crypto space because they are interested in the benefits they might get. Not only for investors but for all parties involved in crypto projects. Whether they are developers and teams, promotion participants, investors, traders, and so on. Because they do it with the main goal, of course they want to make a profit, which of course ends in money, whether just income, passive income, wealth or success. And because of that, we are motivated to understand and contribute directly to it.

Pretty good promotion my friend at least you have a pretty good marketing strategy
But in the end it's like this if we analogize why everyone prefers projects with progress or indeed big ones.
When we are faced with several e-commerce sites where there are large sites such as Amazon or eBay and given the choice where there is a new e-commerce that is not clear beforehand about what they are doing even though the scheme is the same as eBay or Amazon but they just released that don't know where it came from then what will you choose to do shopping? do try new e-commerce with the risk of goods received still unclear whether it is recommended or not or choose a sure thing?
The same goes for investing. We know that currently large-scale projects such as bitcoin or maybe some altcoins such as ETH are loved by many, suddenly a new project appears that is not too clear whether it is good or not because there is no previous track record, so the choice is definitely in bitcoin and ETH for altcoins because even though it is risky, their guarantee is greater than with new projects.
It's not wrong to try new projects that grow just to feel whether it's worth it or not but it's just like gambling where we just put our faith without knowing what will happen afterwards whether it will be profitable or not because we are just like betting there.
To hell with the research done because in the end we know new projects especially for shitcoin will only have the same scheme to pump and dump very quickly.

Established crypto coins guarantees peace of mind, where the investors are not worried whether the coins will see another light of day, because they're sure that no matter how the market trends, whether price pump or dump that they're money remains safe. A cryptocurrency like Bitcoin follows a pertern that's quite predictable, bear run is a time to sow and bull run is a time to reap, if an investor can predict this circle and wait for the right season they'll harvest bountifully. Bitcoin and top altcoins like Ethereum, will surely give their investors profitable ROI.

This can not be said about new projects, they all come with hypes, giving promises of bountiful harvest, but in the end many of them comes short of these promises, so buying them is gambling your funds, and be ready to accept whatever outcome that they bring. There are credible ones, but in the midst of shitcoins, it is not to easy to know a genuine altcoins.

Actually the interest of investors nowadays are deviating from popular cryptocurrency, we have most investors now buying meme coins because they are expecting 10x or 5x increase, they think some of the popular coins are too expensive to buy just like Bitcoin. Yeah indeed they are expensive but that is just a sign that they have good future, Bitcoin is the most trusted cryptocurrency and I expect even more investors to buy fo their own good, above all coin it is the only coin I'm holding, even if the coin is more of long term investment I like it that way. 

People wants to buy higher capitalised project because they have the ability to give a gurnateed profit like that of bitcoin which goes better as the time passes. From past most of the people become wealthy with the help of bitcoin therefore they make a stable basepoint due which people are still considering it as a better asset than others.

I think cryptocurrency is known due to the popular coin like Bitcoin and people are preferring it for long term investment but those who are not higher in capabilization are choose for trading with the hope that they will bring good results. Etheruem and bitcoin both are at the top of the list so if someone wants to diversify their portfolio then they should must choose these two also as without these two one can profit but will be less and will contain more risk.

Real impact on the industry is always the most important factor when choosing a cryptocurrency to adopt. Prominence is much more related to a temporary hype or popularity which may end at anytime, while real impact is something which is going to last for longer and hardly ever will be replaced by another crypto. However, it's hard to find real impacting projects in crypto industry. Most of the projects are useless and have as exclusive goal pumps relied on hype, so they can lure greedy investors to invest on them, generating profit for developers.

Very few projects are useful and have a real impact. I guess we wouldn't need more than a dozen of cryptocurrencies if we compare themselves with each other analyzing the unique aspects of each of them. Actually, one of the few usages we have for cryptocurrencies in general is to replace Bitcoin on transactions in times like the one we are facing right now, with BTC fees going to the moon... But in a normal scenario, Bitcoin takes care of most needs crypto enthusiasts have, without any issues.

new coin is always high risk high return, popular coin is always honestly good for investment because if it dumps we almost always know the fact that it will just recover back and thats it.
moreover the trading volume good for people with big money to make some move, so its not very obvious that it disturb the market. moreover they also have volatility thats more or less the same as the newer coin anyway aside from if compared with new coin initial listing which gonna have so high volatility it might go up ten thousand percent or go down ten thousand percent.
so I guess thats why popular coin seem like having so much interest because there are many people with big money are interested in taking advantage of the volatility of these coin.
even with the fact that institutional investors are trying hard to invest some of their assets diversifying into some of the cryptocurrency popular coin its no wonder that these coin are so sought after.
not to mention with the presence of popular way of staking coin for long term like for example is ethereum.

even the governments today are interested in BTC but along with it is also the USDT. these two belong together if you are up to accumulating BTC. and the maxis are also going only for BTC. but if you compare it to the altcoins where you can own billions of them, you can make more money out of those memecoins than just sticking to only BTC.

it's risky but it's worth it if you invested the first. SHIB for example if you have invested in it from its lowest price in mid-2023, you could have multiplied 2x already. i think it was less risky since Shib is popular too. the ones not popular such as above 100 of CMC, you may not want to get involved with.

The reason why there is so much interest in popular cryptocurrencies is because they have been tested and trusted and you know they won't rug you, most of these new tokens you don't know them, especially their developers because most of them are anonymous, so the risk of them scamming you is huge, but a project that has delivered part of its roadmap, you know the technical capacity of the team and if they will deliver or not

The difference is in terms of stability. Most popular capitalized projects already have a solid foundation and backing by many players in the crypto industry. Some even have other projects built using their blockchain. It's not difficult to see why most investors would rather put their money in popular crypto coins than the newer altcoins. During the bear market when the prices of these capitalized coins go down, the investors are always confident that when the bull run comes back, the price will go back up and possibly attain a new all time high. Same cannot be said for new coins as the risks are many and most of them do not get back up when the prices are up after a bear market.

Relying only on old project is worst thinking. All projects which are know old tokens was new projects at the start and people start investing from the beginning and now their profit is very high as compared to those who thinking that investing today will give them any profit. Why not despite relying on old project just do well research on nee projects and check their partnerships , backups, tokenomics and roadmap. The new listed project Ace,Arb,OP and Myria could bring more profit as the new crypto trend demanding such kind of project to be active in crypto space. We should always look for opportunity.

Longevity, trust, amount of profit you can make, reputation etc is the main key point for a project to become successful. When people are choosing something in the crypto market, they always look for those. You cannot trust something that has popped up yesterday and has no record or history of any kind. You can never decide or be sure what the future holds for this kind of project. People will most likely lean towards those who have been in the industry for a long time. Even if the profit margin is low, if the longevity is there, they can make sure that the profit will be more in the long run.

No risk no gain. It is true but there aren't many people who will be willing to take that risk. Even if the project is underdog, it takes time to become one. Show me proof and history that it has the potential to grow in the future and maybe, maybe then I will consider choosing it. But the probability will still stay low.

I think the main reason for so much interest in popular cryptocurrencies is the search for maximum return on investment. For example, among the popular currencies Bitcoin and Ethereum have increased in value over the years and people are investing more in these coins. Many investors are attracted to alt coins, including Bitcoin, because of their potential for high returns. Alt coins like Ethereum, Solana, and BNB are among the most popular currencies after Bitcoin and remain in the list of favorites and market stability. Overall, the combination of high demand, limited supply, strong marketcap, trading volume, community support, development team and widespread adoption of these coins makes popular cryptos a sought-after investment and a valuable asset in the digital economy.

For the fact that many of the popular crypto projects are being in the market for long and they can not easy crash like that just like many new projects we have seen that has no good management team that could work hard enough to send the project to the moon.
So many factors we need to be considering when we are investing in cryptocurrency and we should not only look out for old project but also new projects that would give us a maximum profit and increase our taste for similar projects.

In the short term, "proven and tested".

But how about the pump-and-dump coins/tokens, usually they are new and will create hype for anyone.
I saw a lot of people willing to take a risk on meme coins or even in a shitcoin that will create hype upon launching.

People must understand how to manage risk on investing in the short term, those coins that already gained a reputation.  though the progress and potential of gaining profit don't have a time frame but at least there's a guarantee that it will not become a shitcoins in the future.

Because it matters a lot to us, investors.
Buy cheap coins or shitcoins then you can see the answer to why people are buying known and reputable projects. In fact, nobody buys a certain product that we're unsure of its results and profit gains. Nobody will invest in a scam project knowing that they will just lose their money. Since we have the option of buying top coins in the market, why not? It doesn't matter if the price is high but what is important is that we are expecting a profit to get from investing these coins, not losses.

potential is all what it is until it actually makes an impact potential is not guarantee that you will earn profit since we are dealing with money it’s important to note that people would opt to invest in something they think is ‘fool-proof’

thinking about it, if you are going in to a restaurant would you rather just order the menu you know you like or risk wasting your money on something new?

At first... Who do not prefer going for the best and top notch, why would you prefer something lesser, and with more risk associated with it, than something which you can invest into and have a good nice sleep with both eyes closed.
Popular cryptocurrencies are the best to invest if you are afraid of loosing your hard earned money, and if you are capable of managing and bearing the risk involved in this new altcoins with little or no potential then it is left for you to decide. As many would not want to risk it, same with. I had my experience with it and would not want it to reoccur for another time not when things are beginig to head in a good way then loosing my money, no I wouldn't.
You absolutely have to do your own research(DYOR) and know what is best for you before indulging in it

In the cryptocurrency world, the focus on highly capitalized projects is often due to their sustainability and wider acceptance. Investors, especially those just starting their journey into cryptocurrencies, may feel more confident in investing in projects with large market capital and widespread publicity, as there are fewer risks involved.
However, as you noted, inertia and preference for established projects can sometimes lead to the loss of lesser-known but promising and innovative ideas. Projects such as Cogitex, which offer innovative approaches and solutions in the field of artificial intelligence and space exploration, can truly make a significant contribution to the industry.

Because they are highly recognized, highly advertised by large communities. Small caps get their attention too but it divides and distributes among many of them. If one small marketcap coin would get same amount of attention as one high marketcap coin, it wouldn't be low in marketcap value for a long time. Also from what i gather, many newcomers don't really understand what market capitalization is. They just see the list of "top" coins and think they are ranked in some sort of "best altcoin" category. So they pick some of the top 10. And since there are ton of community behind them, there will be enough shillers to convert more "believers".

What's important to me has changed over time. These days it's the team behind the coin or token. I need to have faith that i won't get rugged overnight, so it's easier for me to keep my money in those bags.