I think when considering which cryptocurrency to purchase one has to understand how viable is the currency. ‘Viable’ here simply means what is the currency used for? What needs does the cryptocurrency meet? Another very important requirement when searching for a cryptocurrency to buy is the market size of the project by which the currency is meant for. The third consideration you have to look into is the future of the project the currency was created for. You need to ask yourself in the next two decade will the currency appreciate in value with regards to meeting the needs of customers of the future. As we all know the demand for a currency is connected to the need it meets which makes the value appreciate. Or guys what do you think?
I would also look at the existing and total coin supply. I tend to gravitate to coins that have smaller supplies for whatever reason. I guess when I see that a coin has like 100M coins as their market supply I get a little nervous.
Maybe this would make sense because with the crypto coins that have the total supply will be pretty small experiencing rising prices are quite high because the number is limited. compared with the total supply more then this will be more profitable indirectly. But if it is too few in number is also not a good option because it would be difficult to sell, too, of course.
