Altcoins have lost a lot of value in the last days.
That is not surprising: Most of them are used only as speculative assets. So people pump and dump them without limits, because their only function is to get profits from trading.
If you want your altcoin to grow sustainably, then you must use it as a currency!Every time a coin is accepted as a payment means, a connection to the "real economy" is built, and the coin's value is backed by real goods and services, at least for some time. This is true even if you use a payment processor - then it's the payment processor that will "back" your coin and takes the risk while he waits for payments.
The more merchants and payment processors backing your coin, the less danger there will be that it crashes. It won't be a instant process, but it's worth it.
Don't wait for magic partnerships and other "news".
YOU can contribute to your coin's organic growth.
-
Buy your online stuff with the coin. There are lots of altcoins supported by payment processors like CoinPayments, Coingate, Bitpay, Bitpagos/Ripio and so on. Coinpayments has a
Store directory, but there are also independent projects like
Virtual Coin Squad.
- If you are a
merchant or provide services, accept your altcoin instead of buying it at exchanges. Consider accepting it without intermediaries, but if you're risk-averse, then a payment processor is totally OK.
- If you are an
altcoin developer: Provide easy to use tools for merchants or try to get your coin accepted by a payment processor.
- Even using it for
games, micro earnings, faucets and gambling contributes to the coin's use.