How do you determine potentiality of any Altcoins?

[bonker]

We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.

Potential comes from the development and real life usage as you mentioned but even if most of the altcoins have good team they failed to survive due to the bump and dump on the prices,so long term investors are afraid to hold their tokens even if it has good team behind it.

So holding tokens comes with risk but can reap high profits so just be ready to face losses or profits while investing on those tokens.

[Mommynigabby]

What I learned recently is that the tokens have to be NOT JUST trade-able. But it has to have real life purpose. There should be a demand and a reason why people would keep on buying and selling. Otherwise, once it hit a bump, say a dump happened..it might have a hard time recovering- worst it might not recover at all.

[panjay]

For me, low sats coin always guaranteed a pump, from xvg to trtl. The illusion of the low price still magic for the investor I think..


Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.

[pawanjain]

We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.

Definitely no. A coin's price can never tell about it's potentiality. The price fluctuation is just another speculation and there can be many causes for the surge in price.
We cannot determine the potential of a coin with it's price. If it was so then bitcoin should have been having a bad potential since it dumped from $19k to $5k but it's not.
Bitcoin is having the highest potential among any other coins in the crypto market.

The potentiality of a coin can be observed just by knowing a few facts like the aim of the project, the team behind it, the time span of the project, the goals of the project etc..
Every things has an important role in it's place and if we feel that everything is right with the project then we can say that the coin might have a good potential.

[casternetwork]

I think it is similar to any type of business. New altcoins will only succeed long term if they have a unique selling point (USP). I'd imagine that 99.99% of altcoins will never make money for anybody except the original creator(s). Those make pretty bad odds for the average person to be able to win. Innovation and security are two pretty important features that will be required in any new coin ideas

Very true to the present, it has lost countless money of the foolish believers, including me. I have regretted believing false and false information to me 

[Viceroy]

The ability to use a coin determines its potential value. I mean, if a coin is useful, it will grow in value.

[fosco333]

The potential of the coin will depends on the team itself. If they have a good concept but bad team, the potential is small.
If the team is not good, they will not doing any effort to support the coin price in the market, like buyback or periodic burning.
Even they can dump the token later and can causing permanent damage to token value. So, a strong, solid team is the main factor.

[GreatArkansas]

The feature of an altcoin I am interested in is their protocol. Also how they can help other people with their project? or how they can help another project that is already working. How their project solve every problem encountered by some people or services?
There are many altcoins nowadays that have common goals, some of them are just doing some tweaks on their project just to be different from others. I am much interested in unique projects.

[GregH37]

We actually never be able to know the price prediction of the coin, so the price won't determine the potential of the coin.
But what we must know is about the project and how big is the awareness about the coin in the crypto sphere.
If the coin keep developing and run according the plan with a good marketing strategy, then the coin will have potential.

So indirectly, you are of the same opinion with me that we should only go into projects that are already existing and have reputations already, because this point is not going to work for projects that are still on Pre ICO, since nobody have participated that much for lone in a pre ICO project for them to really know how good it is and create review.

For pre ICO, the best is just to study the project very well before investing, know how valuable the product and services maybe and risk investing with little money pending the time they enter exchange, and even when they enter exchange, it still requires study, to see how it is being widely accepted by community.

[fasdorcas]

Price is very significant in a project, but no one should judge the quality of a project by the price of the coin, because one thing we all know in the crypto space is that price is very volatile and can fail you at anytime.

I am talking out of experience now, I remember having a coin called regal coin in my possession which was worth about $10 after it hit the exchange and holding the coin to get to $100, but I was shocked when I woke up one morning and saw that the price of regal has dumped from $10 to $1, and very worthless as of today.

[davinchi]

The potential of the coin will depends on the team itself. If they have a good concept but bad team, the potential is small.
If the team is not good, they will not doing any effort to support the coin price in the market, like buyback or periodic burning.
Even they can dump the token later and can causing permanent damage to token value. So, a strong, solid team is the main factor.

You are right, personally too, when choosing or deciding to invest in a project or even participate in the campaign, the 2 key things I look into are the TEAM and THE PRODUCT. I make sure I get all the necessary details about the team, when I check their linked in, I see how long they have been on it, their portfolio and I go extra mile in sending them mail to know if they are affiliated to the project.

The product aside team is very important, they might have a working team but does not have a product that will speak well of the team or the project, so a project must have product that I am sure in line with communities’ need and can really make waves in the market.

[Bezobraznike]

Price is very significant in a project, but no one should judge the quality of a project by the price of the coin, because one thing we all know in the crypto space is that price is very volatile and can fail you at anytime.

I am talking out of experience now, I remember having a coin called regal coin in my possession which was worth about $10 after it hit the exchange and holding the coin to get to $100, but I was shocked when I woke up one morning and saw that the price of regal has dumped from $10 to $1, and very worthless as of today.

   Every factor is important! Like you say Fasdorcas, some judge it by the price, others by team behind, some people look community,
whitepaper, popularity, etc.
   From all the factors form me community is the most important. How team interact with community, how much community is
involved. I also like to see public reactions.

[Lizzylove1]

I buy and hold coins that have working and community oriented team together with use case. I normally follow on on social media handles to see if they are keeping up with development or just speculating with trades. If a coin price keeps increasing without any influencing it, I swing trade and close trades before going to bed.

[Bunsomjelican]

We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.

I agreed that to determine the potentiality of the coins let us look first if the usages of the utility token will become useful in the future and the people will massively adopt if they find out that it has a potentials in the future. And road map or Whitepaper was also very important for this matter and the background of the project business, and if they a lot of activity plans for the project itself too.

[sana54210]

Price is very significant in a project, but no one should judge the quality of a project by the price of the coin, because one thing we all know in the crypto space is that price is very volatile and can fail you at anytime.

I am talking out of experience now, I remember having a coin called regal coin in my possession which was worth about $10 after it hit the exchange and holding the coin to get to $100, but I was shocked when I woke up one morning and saw that the price of regal has dumped from $10 to $1, and very worthless as of today.

I agree with you on this, we have to take the quality of the project more important that its price value, price can be dumped at any time, which is even one of the tools professional scammers use in scamming people, they will enter exchange to look like they are real and then dump the unsold token that was not burn in the market scamming more people and turning the project to a shitcoins, making you be a baggage holder.

One of the criteria I also use in know the genuine of a project is their policy guarding unused tokens, if they promise to burn it, then I know that the issue of massive dumping by them will be rear and even if investors dumb, it will not stop the project from picking up if they are good.

[Olayinka225]

As for me, how I determine the potentially of a particular coin to invest in is to do some research about the usage of the coin first, TS, CS, the team behind the project, roadmap, what they inteded to offer and what they wanted to do in the next Quarter of the year, what they have done for the investors and many more. Though not all people have the chance and time to do this but that's what I do.

[acholagi]

Checking existing concepts and also learning about the projeck to understand more about the project because right now I am very confident that later the development of the market and also the development of the project will make up the altcoin

[redsun114]

For me, low sats coin always guaranteed a pump, from xvg to trtl. The illusion of the low price still magic for the investor I think..


Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.

Exactly. You can have an idea about how great the project is if you look at what is at the back of the project. Project evaluation is very important before you invest your money in it. But there is no doubt Altcoin have gotten potential and have been used for upgrading systems by various companies and governments. ETHEREUM blockchain has been adopted by Canadian government to make the government’s financial system more transparent.

[Ucy]

Potential can mostly be  determined by real daily activity on real Blockchains. Activities can  be faked, so be careful about this one.

Potentials can also be determined by the quality of developers on a project, quality of project,  project viability, and implementable roadmap

[mrdeposit]

For me, low sats coin always guaranteed a pump, from xvg to trtl. The illusion of the low price still magic for the investor I think..


Also an active community, many of the low sats coins like xvg and xrp have fanatic followers from the beginning..maybe the term "scam pump the hardest" is true.

This thought varies depending on which coin you are talking. Potential coins with a small price are better than BTC. Because BTC needs great innovations to make it 2x-3x. But, for some coins it is enough for 3x to be listed in binance.