Factors to consider to pick the best altcoin

[bigcash2011]

If you are holding btc and eth thwn you are fine because picking and choosing a new coin is not an easy task first you need to check the legitimacy of the coin then the team and then the practical viability of the project then you have to syudy the tokenomics and then comes the exchanges and volume part.

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[Inosend]

If want factors to consider before investing on cryptocurrency, then the most important thing you need to do is make a proper research and make comparisons between which altcoins you want to invest on

[Convery]

If you are looking for good Ethereum alternative learn more about EOS or Tron. Their Dapps are more used cause higher TPS rate of their chains.

[elpiji]

to check for new coins is not a very easy thing because sometimes the research we do is not as we expected but if you want to invest in other coins you should choose the top 20 coinmerket because it can be more trusted

[JCviggen]

many threads have already been created where everyone is talking about BNB, why don't you just start reading the forum and not ask the same question. there are too many Investment offers at the forum

[Irviyandi]

In my opinion Maybe you should see the movement of a coin and the volume of the coin so that you can decide which investment to coin, but now your choice to hold bitcoin and ethereum I think it's very appropriate and there will be big things in bitcoin and ethereum

[aemma]

One thing that drives the value of coin is the use case, thus use case is one of the factors to consider. Another is the team, how active and experienced are they matters a lot. If you check ETH you will see it passed all these, thus its value today.

[Jamjamz30]

The functionality of the entirety of the project driving the coin's value. If the coin has no use or juat a weak duplicate of other coin, then I'll consider the coin a shit coin. On the other hand, if its function is vey significant in cryprocurrency, then this is a good coin. Don't just rely on the price of the coin.

[Kay94]

The rate at which cryptocurrency is growing is amazing. As a result, there are many altcoins which are in existence now. I think you need to conduct research about the coin before investing in that.

[livingfree]

You're already holding good coins and if you want to diversify always check if the coin that you're interested with has some shady management or team. It means that you need to check also if the people behind it doesn't have shady past.

We have different views on how to choose a new altcoin that will be added to your stash and that's the best that you can do, to do your own research.

[moonblocks]

If you are seeking to invest in alternative assets its best to evaluate the startups potential and ensure a project has a good quality product that has a real world use case and its own ecosystem, and be conscious of not choosing any that might be considered a security in the future as these may not be worth your while

[pungopete468]

In my opinion Maybe you should see the movement of a coin and the volume of the coin so that you can decide which investment to coin, but now your choice to hold bitcoin and ethereum I think it's very appropriate and there will be big things in bitcoin and ethereum

both are indeed chosen as the main choice in investing many people. this is because indeed the big profits that can be obtained and also the influence of both in each market movement is very large. so that is the right decision

[hohuan101]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

You can view the chart, search for them on telegram, twitter, ... If they are mentioned a lot at the time you search, it will be able to pump more than other altcoin.

[ansarose1]

For me, i think the first step to consider for picking a good altcoins or crypto is the volume capacity of that coin, which means bitcoin and ethereum has the most volume coins in the market, investing in bitcoin and ethereum is a very good way. The two coin has the ability to raise its price and even the price drops, still the bitcoin and ethereum coin are good for a long term investment plans.

[Caladonian]

With BTC and ETH your investment is safer to hold, but if you have spare money and you wanted to invest for some more, you can try to checkout BNB as it's being use for the exchange as utility Token.

The success of this Exchange will bring the value of this token to a much better level, you can buy and hold or use it to invest with their launchpad IEO offerings.

[uneng]

I would look for its age, marketcap, volume, fluctuation on the last year at least. Also you should check the altcoin total supply: currencies with limited supply tend to get more valuable on long run, like bitcoin.
And of course, if you want to pick the best altcoin better to pick one from the top 10 (although you are already hodling ether, which is considered the best altcoin).

[andika2018]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

I think there is a lot good altcoin or investment beside bitcoin and ethereum. Its true that bitcoin and ethereum is safest investment in cryptomarket but i think Binance coin or EOS is good alternative beside ethereum or bitcoin

[cytpoway121]

Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.

After deciding if you are investing on the short term or long term; you need to dyor and spot out the longevity of the project, finding out if it has what it takes to get increase in value the next 3-6 months

The more information you get; and facts you note, the more you acknowledge the best altcoins

[killat]

After some experience of investing in brand new projects,  I recommend you to be aware of the following key points and do a lot of research before investing in any altcoin:
- verify the Whitepaper
- check the team and their relevant experience in crypto space
- read references on other websites  about the project you want to invest
- check social media activity

[toast]

After some experience of investing in brand new projects,  I recommend you to be aware of the following key points and do a lot of research before investing in any altcoin:
- verify the Whitepaper
- check the team and their relevant experience in crypto space
- read references on other websites  about the project you want to invest
- check social media activity

These tips are indeed very suitable for us to be more careful in choosing an altcoin. see in detail all information available from the whitepaper to social media to check the extent of their development and also how much has been produced from the design of the whitepaper