Factors to consider to pick the best altcoin

[Burogh]

We have lot of factors to consider when selecting best alts to invest in which some are ,

The team is one which stand to make the project succeed and that will be the driving force for the success.

The volume in which the alts is generating in exchange which I think is the real deal that makes some that are very conversant with day trading to get in , also the product of the alts which they are using as the goal to the community is also very much reason we should invest in them .

We have so many reason but always do yr research on both FA and TA as majorly we are all in for profit .

For me, the main factor when choosing altcoin is where this token or coin listed. If listed in big exchangers like binance, i will choose token or coin with big trading volume. Sometimes choosing from small or mid exchangers is good choice but i am prefer choosing coin or token from big exchangers with big volume

[Aldrinx00]

Well i do think you already holding the best altcoin which is ethereum, ETH is the top 2 in marketcap rankings and the developers are active on improving the block chain especially with regards to scalability and transaction speed.

[SirLancelot]

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 mainly what people do is make their choices based on popularity of a coin. A lot of people will always go for ethereum whenever they talk altcoin, and that's because Ethereum is already popular so they don't care what ever, all they know is that it is popular and everyone likes it, so they are going for it. Well, ETH is usually a good choice to make, cause it is one of the altcoins that sometimes won't disappoint. If you're choosing an altcoin you should consider the competition on related coins and potential wallets. Another thing is available market and the development team.

[mamahdedeh]

If now you hold btc and eth then continue because both of them are potential coins for the future. If we want to choose another altcoin to increase investment, we must be selective and do the analysis to determine the best coins. I think the factor that needs to be looked at is the price movement of crypto currencies at least in the last six months, we also have to look at the fluctuations of the competitors of the crypto currency coins we want, and we have to look at the volume that occurs from time to time. We must know thoroughly about this coin. Then, what is also important is the technology that this coin carries. This technology can determine whether a coin will survive or not on the market.

[attech21]

If we talk about factors to consider a best altcoins to invest ,there are a lot of factors that we must see in the project that offers altcoins before picking those and do investments.but as a professional investors they will only look at the quality of the project and that is enough like the Dencoin tokens a quality project that offers good altcoins in the ico of Dencoin tokens.

[ljane]

There are lmany factors you need to look out for when picking altcoins. You need yo study the market and be updated. You must know the current trend of that coin before selecting the altcoins. The quality of the project must not be left out. Its very necessary.

[Raymondavid47]

It's really profitable to invest in good altcoins. But their various things to look out for before you buy the altcoin.
- First check their Telegram group and other social media networks to see if it's still functioning.
- Then check what exchanges they are listed on. Make sure it's a good exchange.
- Make sure they are really working on the project and they have new updates. That's a major source of good pump

[sgenuine]

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.

Well try to see how much value a coin over time and how much value now, and see how much supply has and if there is enough order to buy it, and if community is active  and you can try invest on.

First, you must not concentrate on one token only. Choose several altcoins. Do not choose Ripple as there are billions of these tokens, and there is too much hype around it. Try to choose IOTA - it has all the chances to stay on the market long as people are interested in the Internet of things. Zcash with its anonymity is worth investing in and Monero also.

[digitalblock]

BTC and ETH are a good pair to invest in. But I advise you to look at Monero and XRP. These two coins are very strong in their kind. This is anonymity and the banking system.

[jolle123]

If you really want to invest in altcoins should make sure that the project has its ooffer so you can also make sure that you earn by investing from it, there are lots of scattered rumored altcoins during this cryptocurrency period and you should be wise to choose so here is the Dencoin tokens for good income, so try this project and you will definitely earn a great deal.

[RapTarX]

Most of you have suggested me to check the usefulness of the coin. To be honest, I can't see any this type of coin in the market other than Bitcoin and ETH. Probably I am not yet known with all of the useful coin.

[Simple_Plan]

Most of you have suggested me to check the usefulness of the coin. To be honest, I can't see any this type of coin in the market other than Bitcoin and ETH. Probably I am not yet known with all of the useful coin.

What is the usefullness of bitcoin, to be exactly? I can give you some example of good altcoin. Hope you can find your own method to indentify them:
- BAT: real solid working product (Brave browser)
- BNB: same as above. it's backed by the world's largest crypto exchange
- XMR, ZEC, Dash: a lot of people like anonymity. this makes these coins valuable
...
There are a numerous factors but usage of a coin is one of them. You should also check the dev team and community of that coin.

[jolle123]

Apparently when picking the best altcoins ofcourse to determined it you have to review the projects whiyepaoer and how tje team was running it. Then if you dind it out that ut van give you a good investment in return tjen thats the time you got picked the best altcoins. I can name some of it, so gar the best are the BTC, ETH and ofcourse the one i am holding was the demcoin tokens. So just dor a little tip, before investing your money in any altcoin project make sure you know the concept or goal of the project if its for long term or mid range term because not all altcoin are legit project.

[Nezerlan]

Even if all the factors are considered perfect, it is still not a guarantee to make profit from a coin but its better than blindly choosing randomly and hoping for the best.
So factors are the concept of the project (is it unique? is it realistic? can it be achieved? are there any other competitors out there?)
The team factor. You should keep tabs on them and do comprehensive background checks
Partnerships. Very important to know the kind of business partnerships a project is forming. It will affect the success of the project in the long run.
History of the coin. Some previous trends in the past can influence the behaviour of a coin in future.

[shaheer001]

Almost all coins are at bottom search previous history of top 10 coins, which coin is in more dip buy it and never put all eggs in one basket.

[romanij]

I think the most important factor in choosing an altcoin at the moment is the availability of an active product. The product should be popular and progressive. In example can lead XRP BNB TRON. All these cryptocurrencies have strong projects that unite the community and provide the project with an influx of new people.

[HK88]

Seeing the market situation that is not very supportive I think you only have to invest or stick with the two coins. bitcoin and ethereum are coins that have been able to survive in the market in terms of price and the demand aspect. this is much better while waiting for the market to improve

[moonblocks]

These are two of the best choices and any other major projects will be good to check out before the alt-season kicks back in again and there might soon be some benefits to picking up any bargains just make sure these commodities have appeal to institutions and professional investors

[waynechong1995]

Trends move differently sometimes, there's period where blockchain projects were like hot stock, so does offchain solutions or exchanges. But if we are looking at a longer term, IMO coins focusing on a huge community and already have significant amount of users are good to go since there's volume and increasing adoption speed, the purpose of the project itself must speak to the problem and does indeed more useful

[michellee]

Seeing the market situation that is not very supportive I think you only have to invest or stick with the two coins. bitcoin and ethereum are coins that have been able to survive in the market in terms of price and the demand aspect. this is much better while waiting for the market to improve

That will be a good choice if we cannot search the other coins and that will enough for us to hold the coins. But if we can use the market to search the other coin and we still have more funds, then I think we could buy more coins because there will be too many profitable coins to buy. And if we have at least 5 or 7 profitable coins in the exchanges, we can make a big profit when the price increases later.