Bitcoin Forum

From an economic standpoint, which factors make one cryptocurrency worth more than another?

1) current number of coins
2) maximum number of coins
3) rate of growth in the supply of coins
4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol
7) number of exchanges that allow conversion to other cryptos or fiat currencies

Discuss.

Rephrasing yours:

1) issuance schedule (incl. lack of premine)
2) currency (how much "currency" it has in the world - that is, how many people accept it)
3) user base
4) technical soundness (assuming bitcoin-based) and track record
5) innovations
6) liquidity

More:

8) strength of dev team (very important)
9) MARKET CAP! (high market cap creates higher market cap)

In terms of potential value, we should analyze bitcoin-like altcoins in terms of what value they bring to Bitcoin:

- arbitrage (if MtGox had litecoins you could buy BTC with LTC at BTC-e and sell them on Gox for LTC, then repeat...much faster and cheaper than fiat...but BTC price is often correlated with LTC price, so less correlation is a plus here)

- tumbling (making Bitcoin more anonymous by converting to another blockchain then back...more anonymous altcoins may be better)

- hedging (same as with arbitrage, you want an altcoin that is less correlated with the BTC price)

- testing new ideas (the more differentiated from Bitcoin, the better)

- fallback in case of Bitcoin failure (both similarity and difference are useful...LTC is good because close, but if BTC fails due to PoW issue, PPC may be better)

If they aren't Bitcoin-like, such as ProtoShares or MasterCoin, they perhaps should be evaluated on separate merits.

For example...

Litecoin:

1) issuance schedule --> [graph]
2) currency --> meager, but high relative to other altcoins
3) user base --> high
4) technical soundness/track record --> high
5) innovations --> low(?)
6) liquidity --> low, but high compared to other alts
7) strength of dev team --> high? and Charles Lee is well-connected, working at Coinbase and brother owns BTC China
8) market cap --> high

arbing: moderate, potentially, but not enough liquidity now

tumbling: somewhat helpful

hedging: moderate

testing: low

fallback: high, or low depending on reason for the posited Bitcoin failure

Number of coins is just a divisor.  The cryptocurrency is worth the total value of the coins issued, period.  Doesn't matter how big or small the individual pieces are unless you overflow or underflow the integer or float types in the software you're trying to use for a daemon, client, or miner.

Maximum number of coins - See above.  However I would advise a new cryptocurrency not to hit maximum coinage until Bitcoin has already been there for several years, because you're not going to have a serious value uptake until at least that time, and you have to be able to pay mining awards until you have sufficient actual value in tx fees for the miners to be able to survive.

Rate of growth in supply.  See above, again.  You need to provide incentive for your miners, or else somehow secure the protocol more solidly than bitcoin is secured against a 51% attack.  If you can do it without making your miners spend effort or compute power, you can asymptotically reach a lower total tx fee level than bitcoin.  Also, from an economics perspective it would be best to have growth in supply not *too much* outstripping the total value of the coins issued.  But if you set your growth rates at the outset, you can at best guess as to that.

Number of businesses accepting it as payment is *THE* big factor in value of a cryptocurrency.

Total number of users is the same thing.  Businesses accepting it as payment and people using it for payment are actually using the currency.  (Mind you I said "using" not "hoarding" - hoarders contribute nothing to the value of the currency - although they may make the price of individual coins artificially higher, they do so by making the number of coins in circulation artificially lower.)

Technical aspects of the protocol are important in the very long run.  The purpose of the protocol is to secure the coin against attacks.  Bitcoin does this in a very expensive way, with proof of work and specialized mining rigs and so on.  That means Bitcoin's transaction fees will remain higher than those of an alternate coin that figures out how to do it (just as securely) in a less expensive way.  But this doesn't become important at all until Bitcoin is dominant and the tx fees of Bitcoin are high enough to be a serious point of pain for a lot of people.  Seriously, consider people who want to vend bags of chips, individual candy bars, bubble gum, and bottles of soda pop.  They want tx fees on tiny transactions to be as near zero as possible, and Bitcoin absolutely can't do that.  If you can, then there's a good reason for people to use your coins.

I would advise you not to worry about exchanges.  If people use the coin then exchanges will naturally happen.  If you get on exchanges before you get much actual use, you'll get a pattern of mining that works like an attack, from people who don't want your coins except to immediately sell them.  This is especially true for ASIC-friendly or GPU-friendly mining algorithms.  So unless working with (or outcompeting/obsoleting) the exchanges is the primary *point* of your coin, or unless you want to *encourage* pump-and-dump behavior, I would say stay the hell off the exchanges for as long as you can while otherwise promoting people actually using it to pay for things.

Name recognition, longevity and first mover advantage.

Don't forget about difficulty, I'd say that actually has an effect on price more than anything else, unless of course there is some big news or technical change that people like which happens.

They increase the market cap, which reduces volatility and sends a price signal to everyone else to alert them to its value. Speculation is a very valuable service. However, we don't need to measure hoarding specifically, since it is already reflected in the market cap.

interesting one, following the discussion...

For smaller alts this is the main one in my opinion

THIS, first-mover-advantage it is the main advantage BTC has over all other coins, and all most all Alt coins line up in 'market cap' value in proportion to their age, the older the coin the more it's worth.  Coins that have absolutely no business being used by anyone for anything, (IXCoin was a pre-mined scam if I recall correctly) have value simply by virtue of their age.

Innovation, Dev teams and the like can certainly help in the more recent Alt-splosion because it's so hard to stand out from the crowd.  But the sad fact is that aggressive hype aka 'pumping' is a very good substitute for actual development work, hence things like Feather Coin.

BRAND

BRAND

BRAND

Seriously, its a consumer good. Its all about the BRAND. Right now, Bitcoin has the market leader position and as such it will thrive unless a game changer comes along.

Some of the reasons stated in the OP only matter to the short-term ponzi-bubble of the coin.

Here is a reality check for Bitards.

For the long-term value that the coin will settle at, what matters most is the distribution of the coin to spenders instead of investors (https://bitcointalk.org/index.php?topic=341594.0), not discouraging transactions (https://bitcointalk.org/index.php?topic=346787.0), and the real use of transactions for spending (https://bitcointalk.org/index.php?topic=316297.msg3705802#msg3705802).

Of course, the quality of the developers is very important and Bitcoin's developers suck (https://bitcointalk.org/index.php?topic=346787.0). Altcoin developers suck worse or at least they don't have enough development economy-of-scale.

The entire crypto-currency scene is a huge mess of sloppiness, incompetence, ignorance, laziness, and most of all greed.


That only applies to the ponzi-bubble phase of Bitcoin. After it crashes to near 0, that won't be a benefit any more (think Napster combined with Bernie Madoff), although it may take down the entire altcoin market too, unless a strong altcoin is already well established by then, which doesn't have the long-term failure mode of Bitcoin.

Actually that failure mode may not be so long-term. Looks to me that the euphoria about transactions scaling up is already starting to hit the wall for customers and merchants (https://bitcointalk.org/index.php?topic=346787.0). If so, the ponzi-bubble top may be reached when merchants start publicly pronouncing they detest Bitcoin and have dumped it.

Also more and more greater fools are moving in near $1000, so how many of the fools need to be burned by the volatility (https://bitcointalk.org/index.php?topic=316297.msg3705802#msg3705802) until negative word-of-mouth overtakes bubble fever.

They increase the market capitalization, but they do so without trading, so the market remains very thin and relatively small sales can still make it move a lot, just as though it were a much smaller market capitalization.

It is traders, not hoarders, who increase the effective market capitalization.  It is trading speculation (ie arbitration), not hoarding speculation (ie buy and hold), that provides a service by keeping the markets efficient and reducing market inefficiencies.

bump

The short term growth, The volatile nature, The increased price, Transactions made anonymous, Much reduced transaction charges, Decentralization, which are the factors that make cryptocurrency worth more than another.

3, 4, 5, and 7 seem to be the only points relevant to the value.  For the currency to be worth anything, people need to feel secure that their money isn't going into a black pit when they invest.  The higher the risk of this happening, the less people will get involved and make it worth anything.

As for the rate of coin generation, I think this comes down to the method that they're made, along with the ratio of coins generated:coins already made.  During the beginning when a ton of coins are being pumped out, the value is going to be dropping fast to compensate.  As time goes on and a very small amount is made (like BTC), the coin will be able to keep a stable value and maybe go up.  I personally think POS is better in this regards, as people that are mining them are already invested in making the value go up so there's most likely less pressure to dump for a quick buck.

Generally a lot of it is related to the first 2. Then adoption and how much it is being shilled around is very important for an alt coin.

Even though a coin could have a high theoretical cap, it really matters on how many people want to trade the bloody thing.

Of the choices you have listed, I would think that the most important are:

4) how many people/businesses accept it as a form of payment
5) total number of users
6) technical aspects of the protocol

I think bitcoin has a huge advantage for being the first successful, most well known, and most accepted crypto currency.  Even if there are technically better coins, it will be hard for any others to catch on like bitcoin especially with literally hundreds of others out there.  How will any other stand out unless they are radically different?

This would probably fall under number 6th and 7th items you listed, or maybe an 8th addition called "rules to the transfer of coins". I saw an auction the other day on this forum, whereby a cryptocurrency was being sold for far less than it's alleged worth. This was because it had some sort of restrictive sales wall, with limits on the amounts sold per day and a sort of reverse auction where only higher price sell offers were allowed. It all looked like a type of scam to inflate the alleged value of the coin.

1.  Gullibility of suckers.
2.  See #1.

Users coins to be currency it has to been in use if you can buy sell with crypto than you can say it is currency
Most important by my opinion is dev team and creative community

Bitcoin is the one and only one, the rest is speculation, I'd say for everyone but Lightcoin

I guess quick confirmation is included on 6) point.

I would say the max number of coins vs coins in use is one of the main aspects. But distribution and awareness are important too.
Why would you consider an investment if the coins are held by a select few right?

Probably just the rate of growth, The number of buyers/sellers and the size of the market and most importantly the number of businesses and services accepting bitcoin with it.

in my opinion,that point will be the most influence factor to make one cryptocurrency worth more than another.
and also name of that cryptocurrency,one crypto must be really familiar,and have good promotions.

these three are going to act as some obstacles on the way of success in a cryptocurrency. if you look at the available supply of different cryptocurrencies that have been created none of those which have big available supply are successful.
coins like doge, ripple, ETH, ... can never success because of a simple rule of the market called "supply and demand"


this option is going to have the biggest effect on how much a coin is going to be used and what the final price of it is going to be.
the more people who use it leads to more businesses who accept it which will lead to more users and so on.


IMO this option is not that important. there needs to be some good coding behind the coin for sure but it is not going to determine the price


has no effect if you ask me. the effect is in the reverse order. which means the higher the demand to a coin no matter what it is will lead to more places (exchangers and services like shapeshift ,...) adding it to their site.

Trust and track record. That's the only thing that counts for me. Users and then value grows from there.

For me the community supporting a Crypto Currency, is one of the main determining factors of the success of the technology. If there is no support, there is no technology.

1) total number of users
2) how many people/businesses accept it as a form of payment
3) rate of growth in the supply of coins
4) technical aspects of the protocol
5) current number of coins
6) maximum number of coins
7) number of exchanges that allow conversion to other cryptos or fiat currencies

What, will any of the other factors matter, if there is nobody to buy it or accept it as a currency. This is where Bitcoin will win over any other Alt coin out there... It is already

established and it has a huge network of people who support it. It takes time to build such a network, and also to build trust in such a network. { Trust in the form of security }

I see 3 factors: brand, innovation, luck. Good dev team counts too. So it's 4.

If the brand is good the coin will have good community (or suckers, bagholders, ...)
If there's innovation, the coin has a chance to be the 1st in a niche. Copycats don't usually get very succesful.
And there's a luck factor. You need good dev team and few problems.

The main factor for that is users trust. as the prices are determined by the supply and demand, a cryptocurrency gain more value when more users trust it  and start buying more of it.
the total number of coins is an important factor also

#1 - Number of users
#2 - Number of users
#3 - Total supply and inflation, which only matters if there are a lot of users
#4 - Market liquidity, which requires either 1 delusional millionaire or a lot of users
#5 - Mutiple exchanges, fiat exchanges, and retail acceptance, all of which comes only when there are a lot of users



If a coin is good on its own technical merits, it should gain users by word-of-mouth.

If a coin is successful with marketing, it should gain users.

1. Price
2. Opportunity
3.Users
4. Exchange
5. Availability

More is greater in this line of business so i think whoever got more gets more profit.

Total numbers of users, this is first and most important aspect. BTC is Nr.1 without any doubt.  ;)

It depends on the usefulness of the coin. If it has unique features, it will be used widely. Ethereum is an example.

I rate : 2) maximum number of coins as the number one factor. Some of these coins has a ridiculous cap and will never amount to anything valuable. I also reckon 3) rate of growth in the supply of coins can differentiate it from a legit coin or a typical pump n dump. If a load of coins were supplied at the start < pre-mined > and then gradually released, it is in my opinion a pump n dump scheme.

Bitcoin had none of these problems and it is as close to perfect as we would want it. ^smile^

Just wanna keep this short, nothing else and nothing more, demand and supply. Traders will know this. :D

I would think the maximum amount of coins to distribute would be the main factor in finding out how much value is in a coin to begin with. They all state this in their first post when unveiling a coin for the first time. And usually there is no worth at the beginning of it's life.

Public trust and the origin of the coin plays a big role in their pricing.

If the coin is limited and are not available freely, then the price might go higher. But coins like valorbit, which are available for free and loads of it. It is very hard for the price to go up.

Well people will invest if they see potencial into the coin,the software and the concept,what will be used the coin for sure will affect the sucess of it.
But in the end who will allow you to know if your coin has or not potencial and value will be the community that you must atract to be at your coin,these days several coins show up,people invest at ico and try to sell out with profit faster as possible,before the coind dies,soo without plans at your coin will be this the only thing that may happen to your coin.

The factors that matter are

1) Dev team: A trusted dev team that has provided a solid code for a long time and has delivered good innovations
2) Network effect: how popular the network is

That's all. And Bitcoin is #1 because it has the best dev team and the best network effect.

Now i know these 2 factors , yes a best roadmap among the others ,then a network effect of a crypto just like what ethereum happened , they will need more support from sponsor who will use a crypto .

Bitcoin has the best development team?
If it has such a great team, why is everybody still quarreling about the block size?

In my opinion developer has a major role in a digital currency growth. Another important factor is the small scale coin miners. Only if they involve those coins get circulated, so that more and more people accepts and makes it more stable among the other Digital currencies.

By my opinion community is the most importent
Legitimate devs,and constant improvment
Finally be a currency,means buy and sell something with crypto

any coin which like to get some market value should have large no. of developers with all of the background including webdevelopment, linux expert, c++ expert etc and also quite energetic. Its better to have ICO to collect some funds to be used in development of blockchain, web wallet and strong marketing. If it get accepted and used my large number of crypto guys that success is for sure.

Assuming you mean overall value of all the coins.
1) no, look at Doge
2) no, many are unlimited
3) inflation is important yes, but PoS coins aren'r really effected
4) yes but they are almost all very low
5) yes
6) yes
7) unfortunately yes.

I would add that speculation is probably worth much more than almost any of your points.  Bitcoin is the only coin that has a real value, and that would be pretty low.  The speculative values of all others are what decide the prices, thus why they fluctuate

1) most likely not relevant
2) most likely not relevant
3) only relevant in extreme cases (on the negative side: excessive inflation; artificial scarcity alone on the other hand is no guarantee of value, if there is no demand for the coin)
4) very important factor
5) very important factor
6) only relevant in extreme cases (very insecure or very secure (esp. in regard to privacy) or really new innovation)
7) very important factor

It mostly boils down to acceptance and usage of a currency, which trigger demand. If there are no users, then the best concept is worth nothing. Bitcoin reaped the benefits of being a first mover. Being the currency with the biggest user base in the first place establishes a network effect, which will continuously draw in more users and development talent.

Altcoins mostly compete against each other. In this setting, very good marketing is important to establish a significant user base.

ya.ya.yo!

I think the factors are :
4) how many people/businesses accept it as a form of payment
5) total number of users

if there are many business and custumers use bitcoin, it will worth more

The most important factor is the demand of that currency.

It creates all the other factors.Liquidity,acceptance etc...

If there is an increase in demand.There will be increase in price.

1)  Knowing that the team behind it are not a pack of scammers.  Too many new cryptocurrencies are started by the same people who ripped off the investors in previous cryptocurrencies - and predictably they rip people off again.  Anonymous people who cannot be sued or prosecuted are not to be trusted in an environment rife with scammers.

2)  The team behind it being competent and having a good mix of skills.  A software developer by herself is not enough, unless the cryptocurrency is mostly a technical experiment (ie, not intended to become valuable); you also need someone who promotes its use as a currency (not as just a speculative vehicle) and operates a legitimate marketplace that accepts it as a currency, and someone who manages relations with a community of users probably via a website forum.  You might even need some poor sod who has to social-media, although I wouldn't wish that on my worst enemy.

3)  It has to do something Bitcoin doesn't or can't do.  Otherwise people will just use Bitcoin.

4) If it's structured in such a way that the early miners have a disproportionate advantage (set up for minting more than half the coins that will ever exist in the first year, for example) it's probably unstable and will quickly collapse.  This is *ESPECIALLY* true if the development team sets things up so that after the first few months they've got their coins and some exchange accepts them - in that case they can just dump their coins; they have no further reason to stick around.

5) A coin should not be on an exchange unless the exchange would be losing profit by failing to trade in it.  An exchange makes it too easy to do a pump&dump.  If someone has to pay an exchange to put up a market in their coins, it can only be because their coins are not worth exchanging. 

6-5-2-1-3-7-4  in that order.

Probably pretty much all in that order.

But the Dev team should be a priority then the overwhemling needed demand for its purpose.

Which would be the "user basis", but if its something forced to be needed like just-dice to gamble that user basis is already set in play.

The adoption of people have a more obvious effect on the growth of any coin, especially when after adoption they start to buy more coins and continue their demand.
and for crypto currency it is also beneficial that people do not convert them to any other currency but use that coin to buy online/offline stuff etc

the network effect and liquidity are important factors

the more users use it, the stronger the coin is, naturally, and this is one of the most important factors to the success of a coin.

I'm not a nerd. I don't like maths. How about features? How about perspectives?
Ethereum may one day surpass BTC because there's a full economic system growing alongside. Numbers are not much interesting, it's what behind that make a cryptocurrency successful or not.

in fact the main developer of bitcoin satoshi nakamoto left bitcoin ::)
and bitcoin still survive .

i think the strongest comunity and technology adoption or market is the first rules.

Honestly, the only major factors that will make/break a coin is real world usage and distribution. Any coin that is distributed fairly and has actual uses will see a solid foundation and an actual marketcap. Of course, there are many coins that lack this but still hold relative value due to community support and speculative appreciation (looking at the memecoins right now). However, the ones that don't have any real use outside of trading rarely take off and sustain value. They either never pick up steam or they are a flavor of the month coin and fall out of favor pretty quickly.

The main points are as follows: 1) technical aspects of the crypto transfer, protocol etc. 2) total number of users, 3) how many Web sites accept it as a form of payment, 4) number of exchanges that allow conversion.  ;)

I'm not a coin dev nor a crypto expert so I don't really know what the factors are. But from what I see, the things that matter are the supply, uptime, integration and adoption.

If there the supply goes over the demand, the value drops dramatically so there should be a perfect balance between them.

Uptime, I see a lot of cryptocoins are dying because the devs aren't doing anything with it, or at least ANN too.

Integration and adoption: A coin's value will go higher if it has real world usage.

Bitcoin for sure has very innovation and used network effect very good, however it does not use trusted or famous team.

On the contrary, Bitcoin has been demonstrated not to be run by a pack of scammers.  Whereas, with alts, if you assume that anyone with a new coin is a scammer, you'll be right more often than wrong. 

Satoshi may be the only anonymous coin dev ever, who DIDN'T Abuse anonymity to the detriment of the coin's users.

Yes. But the bitcoin is run/developed by people with self interest. That is the reason the price did not rise recently.

I think the main factor why crypto currency is more worth than other is the price of that coin, if the price for each coin is really expensive it will make more people use it.

It is because that its transactions are quite fast and it is the first cryptocurrency .and its popularity is more than other cryptocurrencies and it has more potential.

Trust Factor, is one important thing, since people gives value to something and for as long as people believes in one coin it will make a great difference among other crypto coins

I think a lot of factors that cause it to happen, a very profitable feature for bitcoin users it became one of them, such as security features, payment transactions are very light, crypto is very easy for us to transfer the fiat we have to the personal account, many Investors who switch to investing in crypto because of crypto is a way of investing that can be done from anywhere, provided we have an internet network that can be directly done, unlike the physical form of investment, which is too complicated to do so.

Here are just a few ideas in mind

The team behind who they are, what background they have, etc
The technology used: is it something news or cloned, how are they planning to improve it
The ideology of the team: what are the motivation doing it, is their motivation enough strong for a long run
The plans they have: what is their strategic plan to make an established cryptocurrency
How are they going to do it: any particular resource, PR, buzz, partnership
Marketing/Promotion

All is a question of hype. Who hype the louder will see its coin being worth more than those of the neighbour. Sadly this is how newer coins work.

You forgot one of the most important ones, the developers, if they are willing to show their faces and true identities and put their reputation at risk then it is more likely they are going to try to make the project a success than if the devs are people that no one knows.

This part was not there at the beginning after all Satoshi didn't have to show himself to make bitcoin a success but because of the way people who lack morals have infested the whole crypto-space, its not only now that its required but its the key and not only for the developers but equally for the entire team but that is still not the only overriding factor because they may show their face and still scam.  The success is a workable project and a sincere team and that's a key feature of a successful project.

There are many factors...

• Hype
• Ingenuity
• Technology
• Mass appeal
• Reputation
• Supply/Demand
• etc.

But basically coins with more support/backing from their devs generally work better in the long run.

And what makes gold more valuable than silver? There are always some rules what makes something worth but on case of cryptocurrencies these are value, reliability, market, acceptance, trustworthy and possibilities to use it and make money on it.

Are you sure? I know Bitcoin created by Satoshi Nakamoto but nobody until today can know his identity.
Why the price of Bitcoin still increasing and growth as today? I think you should check again your opinion ;).

Stable price to fiat after staying some period on market,some crypto has his value price,if price drop below his price recovering fast.It is value

In a perfect world that would not be needed and we could trust in the developers of the coin without knowing who they are but with so many scams around the forum then the only solution is to know the developers and make a research on them, obviously satoshi was an exception to all of this.

Knowing the developers obviously helps build confidence in the coin. But sometimes, the idea speaks for itself. Moreover, there are governments which might not take too kindly to developers who advocate currency with anonymous features. So the developers may choose to stay anonymous / pseudonymous.

The current number of coins - Doesn’t really increase the price of any cryptocurrency. The current number of coins is always increasing in crypto currencies that are mineable. So, in other words, it is increasing supply which places downward pressure on prices.

The maximum number of coins - This is a highly significant factor, but not now (well at least in the case of Bitcoin). This factor only kicks in when the maximum number of coins has actually been reached. Before that milestone, such a factor won’t affect prices.

The rate of growth in the supply of coins - As I said before if supply goes up, prices go down. (unless demand goes up simultaneously, which is unlikely). So if the rate of growth in the supply of coins is greater than the demand, then prices will drop. This factor ties in with the one below.

How many people/businesses accept it as a form of payment - this is driving the factor of demand. If more people/merchants begin accepting Bitcoin as payment, there would be a higher demand and thus a higher price.

The total number of users - Very similar to above point. This is also a driving demand. If the total number of user lowers then the price will decrease. But if the total number of users is increasing, prices will increase.

Technical aspects of the protocol - I have no idea about this one. If you mean the characteristics of the coin like whether it is a pseudo or fully anonymous coin, then this may affect prices. I mean everyone has different preferences. Some people may like fully anonymous coins while other don’t care. So yeah, it may affect prices, but its price influence would be minor.

The number of exchanges that allow conversion to other cryptos or fiat - Yes this would affect prices. After all, where are you going to get the coins from other than an exchange?

I think it is about the features of cryptocurrency because the users of cryptocurrency are looking at the features first because they will find out what is the use of it and they can also estimate the future of that coin if they will know what are the features of it. Cryptocurrency can be the future of our payment system and it can also replace the traditional ways that we have right now and make it all digital.

Although I was late to join the cryptocurrency but the main factor that made it feasible was because of the very high trading volume, so that I as the user got new passion in the structure of the virtual economy society, the second is because its usage is still a bit in the real world, and this gives I have more opportunities than fiat, many unique things that can be extracted as much as possible from crypto currency.

In the past gold was not always more valuable than silver and that had to do simply with supply, gold was many times rarer than silver and most of the time that was the amount of times gold was more valuable than silver, but in some parts of the world were gold was more common and silver was rarer there was a parity between the metals.

A strong team that is capable to transform their vision into reality can be so critical. Of course, we have to consider all other factors but if you've got a good idea and already have infrastructure in place but you have a problem with the team then everything would just collapse. This can be the reason why so many alts died and there can be more on the way to the morgue to be cremated soon. The developers team should be providing the needed leadership and they must be active in the community they created. I have seen one coin which was dismissed as just another scam but because of a good team they are now flying into the sky. Coupled with a solid community, the dev team would be providing the glue that knits the whole project together. Unfortunately, there are many coins seems to be hiding their dev team...these must be the shadowy type of new cryptocurrency that can easily transform themselves into scams.

The demand for one currency over the other makes the currency more valued than the other, also the scarcity of the currency brings the price up and also the amount of people who are marketing the currency and making more people buy into it matters too

Then at least we can say that knowing the identity of the developers depend on the project, for projects focusing in anonymity it makes sens the developer remain anonymous but for the rest of the projects it is better if the developers are known so we can hold them accountable.

Haha! They go anonymous so that we can’t have their accountability, do you really think developers are going to expose themselves no matter how bad or good their coin is? I personally don’t think we should be concerned with the identity of developers. Our major concern is the success of project, that’s it.

All of those are important, but I think the developers of the coin are very important if they cannot perform their job then the coin has no future, innovation is critical since we do not want a bunch of coins that are nothing but a copy of another and finally that the coin is useful, if the coin has not really a purpose then everything is going to fail at the end.

Not really.
Some are almost totally irrelevant. For instance, the amount of exchanges does matter only to a point when exchanging is easy and available in every country. Above that point end user doesn't care if there are 10 or 20 different sites with the same purpose that accept his currency and speak his language.
Growth rate also doesn't make a currency worth more. It makes it achieve a target price faster, but we don't know what the final target price will be. This means that one coin can gain $100 in a month, but finish at $200 after a year and never get beyond that, while another slower currency can gain $20 a month and keep going for 2 years.

a flashed high demand sometimes are about short pumping time only .

for long term you won't see it in the best value and even worth nothing later. . but with stable number of coin user , a lot of merchants and satisfying network that allows you to execute certain transaction with low fee and fast arrived , of course should be considered why.

There are not really much factors all that matters is just the demand and the supply of the currency, if the currency gets a lot of demand and its limited in supply then the price is going to go up, but if the currency isn’t being demanded for, then there might be no change in price, it might even start decreasing

But if you do not know who they are then how are you going to hold them accountable? What if they created shitcoin after a shitcoin nonstop? If you know who they are then at least the next time they try to pull one o us we will know they are not going to successfully complete the project.

Maximalist Ideology, Hoarding!

The initial project success is what makes the coin better than the another one. There is also team behind the success of every project and ultimate the coin related to that ICO. People forget about the coin and its original evolution that's the project or entity for which it was made. If we stay in touch with them after ICO finished and keep track of the activity then you can know why they are successful over others.

The most important factor which makes a coin better than other coin is the ACCEPTANCE and popularity of the coin. The more popular the coin, more the number of people willing to accept the coin and better the coin is considered.

All your reasons are true and top of that it's not the maximum number of coins but it's limited number of coins. The limited coins bring more supply demand and which in turn makes people invest more money for single coins. That means the value increase as the demand for specific coin increases. This is why if you see any whitpaper of the ICO then you will read as " no emission will be there" which depicts the limited quantity of the coin. So that's most important economic standpoint in this regards.

You have discussed the very important point. Limited supply of the any coin makes it rare commodity which means that people will be attracted towards it. These are market tricks to attract customers. Like bitcoins have very limited supply and we all are trying hard to own bitcoins because they are now raising high in value and we don’t want to miss on this opportunity of becoming rich.    

The strength of the community becomes very important, we all know that the bitcoin community is very strong amongst others so bitcoin is at the forefront. but I'm sure someday there will be better cryptocurrency than bitcoin.

Totally it depend on the acceptance of the community, of what they are preferred to invest or used. A lot of altcoins exist nowadays, is just a competition among others the one who have a great value, the one will survive and be on top. But we can't predict which one of them because every time there's always a change in price at the market.

Since there are factors that the determine the value of cryptos in the market, the major and the most important ones are the laws of demand and supply of a commodity, but in this case it is that of the currency. The more the currency is in supply and the lesser the demand the lesser the value

I think the public notification is a big factor as well.
Bitcoin is known to many people right now. A lot of people only think about bitcoin when they hear of crypto currencies.
The 'B' on a coin, that has become a symbol for bitcoin which is recogniced by people.
All together, I think bitcoin has become a real brand.
Marketing is very important when it comes to the value of a brand. And bitcoin has the leading role there.

There is nothing that makes any crypto currency higher than the other if not for the principle of demand and supply of money or any valuable when the demand for one crypto is higher than that of the other then surely the price for the more demanded one is going to increase

The worth of a coin depends on the community. It totally depends on the users of the coin and its market demand. If people are not interested in the project, the value will definitely drop leading to the failure of the project. Altcoins are new in the crypto world; they really need time to develop themselves in this market.

Yes that is true, and besides it also really matters on how the projet goes, and it also matters on what is going on even if the coin was already in the market, for example updates and good news, that also affects the price of the coin, and most importantly what the coin offers or why do investors have to invest in that product, is it that interesting? Worth it? Or what is its uses and purpose.

I think the community also plays a large role as well, if a project is good but the community does not believe in it then the project is not going to go far, but if the community is there to bring its support then even if there are difficult times for the project, the community is going to help in those difficult circumstances.