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Author Topic: Okay. What is the main factor that boosts Altcoin value? Popularity or Tech?  (Read 1519 times)
irixo10
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February 11, 2020, 09:11:36 PM
 #101



As the subject goes, what could be the main factor?


Famous developer, Media reputation, MM... or Just technology itself?


So far, it seemed that marketing and market marking were the main factors...


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

In my own understanding, it is the technology within the project that comes first. Remember this space is a technology ground so investors need to see what new technology a project is bringing. After technology comes the developers, are they experienced, what have they developed over the years etc and if they are capable of handling the proposed project. Lastly is the media, this is where the marketing takes place to sell the idea to the world.

trauchot
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February 12, 2020, 09:30:23 AM
 #102

A lot of factors affect the growth of any altcoin, for example, technology, because if the technologies are original and very popular, the price of the altcoin will increase, marketing also affects the price of the altcoin, and manipulators can also start raising the price of any altcoin at any time.
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February 12, 2020, 09:38:06 AM
 #103



As the subject goes, what could be the main factor?


Famous developer, Media reputation, MM... or Just technology itself?


So far, it seemed that marketing and market marking were the main factors...


Btw, has anyone experienced BISPEX exchange known as its insurance funding?
They both work together. If there is no proper marketing for a project with good tech, it will seem as if nothing is existing and not so many investors might be attracted. Well-Done marketing brings in partners and investors. However, if you should do intense marketing without a good tech, even if it brings about a price increase, it will not last. Sometimes, you might even see its effect not lasting for more than 24 hours and sometimes lesser.
Also if you have a good tech for your project, there will be much confidence in talking the marketing to any length.
aemma
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February 12, 2020, 11:00:39 AM
 #104

Blockchain is a technology right? So it makes sense to say that any project coming into this space must be technologically driven, not just that, but showing proof of it. We have seen many altcoins today which intially boosted of offering higher TPS or will beat Bitcoin and yet no where to be found; therefore the reason why I said technology. If a altcoin or project offers its own tech it will surly attract investors and with constant improvement will make the altcoin to be more valuable. Another vital point is the developers within the project, in this case will they be able to ensure they keep upgrading or will be quit halfway. So first thing first, technology leads to popularity.
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February 12, 2020, 02:37:41 PM
 #105

Popularity is not everything, because it is a domino effect that affects each other. A good team, certainly produces good innovations as well, with a strong product that will certainly attract the attention of investors and the market, this will make a broad network so that the development of the project is better. So it can not be concluded which is the most dominating, all factors influence each other and give a fairly crucial effect.
That is why in analyzing we must see it from many sides. Large communities do not guarantee that the project is successful, there must be further examined use cases, whether the progress is good or not.
Agree, the value of an altcoin will need the popularity and technology combined to build, it cannot be separated for consideration because such distinctions will only bring temporary perspective and value to the project while what an investor wants will be an altcoin that can invest in the long run. An explanation for this means that if altcoins are only popular and advertise well, it can only be glorious in the short term then rivals can replace it with better ads, they lack the foundation for long-term branding, focus on technology is just the same, without popularity and advertising, people won't know about the project

Chuky92
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February 12, 2020, 07:35:12 PM
 #106



As the subject goes, what could be the main factor?


Famous developer, Media reputation, MM... or Just technology itself?


So far, it seemed that marketing and market marking were the main factors...


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

I think the tech comes first follows by popularity; what will make your platform or project to be popular if not the technology you are developing. After these two, another thing is the type and experience of the team involved, this where the community or potential investors will check and see if really the team are who they said they are. Well of course every project needs marketing but this comes after all the others are already in place and in order to ensure a good growth and commitment.

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February 13, 2020, 06:18:43 PM
 #107

All these things you have mentioned here are all needed for boosting the value for any coin. Having good technology alone will not boost the worth of an alt coin. And a bad coin will not go far even if it’s popular, because I don’t think anyone is ready to invest in a project that is bad, unless they feel like there is an opportunity to pump and dump it and thereby rendering it useless it, they would do that, especially the bad people.

So, a project has to be popular and also have a good technology that would interest the investors before it can grow. A good project that is not popular is quite a waste of time.
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February 13, 2020, 07:36:38 PM
Last edit: February 13, 2020, 08:05:36 PM by wellay
 #108

And that's exactly why you shouldn't be going for price, but for value. Choose the industry you are interested in and try to look for real solutions that solve some real problems. And I personally look at the ones that are coming with blockchain implementation
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February 13, 2020, 07:37:15 PM
Last edit: February 13, 2020, 08:06:35 PM by juegav
 #109

And that's exactly why you shouldn't be going for price, but for value. Choose the industry you are interested in and try to look for real solutions that solve some real problems. And I personally look at the ones that are coming with blockchain implementation

I agree with you that such a strategy definitely makes sense. And are you having many industries you are following?
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February 13, 2020, 07:38:04 PM
Last edit: February 13, 2020, 08:08:04 PM by wellay
 #110

I agree with you that such a strategy definitely makes sense. And are you having many industries you are following?

Nope. I am big fan of attending different events, especially sport. And thus, I noticed many issues on ticketing market - mostly connected with frauds. And found only one solution that sharply helps with bold tech and blockchain implementation.
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February 13, 2020, 07:39:28 PM
Last edit: February 13, 2020, 08:08:40 PM by juegav
 #111

Nope. I am big fan of attending different events, especially sport. And thus, I noticed many issues on ticketing market - mostly connected with frauds. And found only one solution that sharply helps with bold tech and blockchain implementation.

What is the ones? Can you share? Curious to know after your message that guys are the only unique ones you've found
DarkDays
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February 13, 2020, 07:41:09 PM
 #112

Right now, I'd have to go with popularity.

There are plenty of altcoins in the top 100 rankings that are experiencing meteoric growth. Not because of changes in the underlying fundamentals or new technological advances, but simply because their community returns to life during a bull market.

Just take a look at even some of the top 50 coins, do they really have much going for them, or even much changed in the last year or so?

NEO.... what has NEO achieved in the last year to account for its huge gains? Nothing. What about NEM? That crap is stagnant AF but still pumping.

I think it's all to do with the community size, and hence popularity.
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February 13, 2020, 07:44:21 PM
Last edit: February 13, 2020, 08:10:22 PM by wellay
 #113

What is the ones? Can you share? Curious to know after your message that guys are the only unique ones you've found

The solution is called GET protocol. In few words, GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way. And just imagine how large market is and how solution can help here. Also, for example, GET team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..). And around 300k tickets are sold already via GET. This is the amazing example of real solution that brings real benefits. Also interested in your opinion
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February 13, 2020, 07:45:37 PM
Last edit: February 13, 2020, 08:11:03 PM by juegav
 #114

The solution is called GET protocol. In few words, GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way. And just imagine how large market is and how solution can help here. Also, for example, GET team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..). And around 300k tickets are sold already via GET. This is the amazing example of real solution that brings real benefits. Also interested in your opinion

From your words definitely sounds attractive, will have a closer look on my own. Thanks for recommendation
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February 13, 2020, 07:47:21 PM
 #115

Definitely TECH. Many of these projects out there are thriving because of their technology involved. This is one of the thing that move any project to enviable status among it equals, projects like Ethereum Cadano, Litecoin and AEN, these projects were built on the platform of technology and not just to scam gullibles off their funds. Most of these projects, experience drastic change in popularity just because of the tech behind the project, popularity cannot locate a none technology project.
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February 13, 2020, 08:26:24 PM
 #116

Popularity is the main factor. If a project has a great technology without popularity, no one will know about such project and no one will use it. But when a project is popular, even if the technology behind it is not too great, you will see people proffering solutions to make the tech great.
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February 13, 2020, 09:54:07 PM
 #117



As the subject goes, what could be the main factor?


Famous developer, Media reputation, MM... or Just technology itself?


So far, it seemed that marketing and market marking were the main factors...


Btw, has anyone experienced BISPEX exchange known as its insurance funding?

I would have said the team but yet what are they team without an idea of innovation or technology; therefore I think the first and foremost thing to consider in any project is the technology within that said project and how it will play a vital role in the world at large. This role the said technology will play is what will determine its valuable nature as time goes on. In the same way, followed by technology is the developers after which marketing comes to play. Developers in this case can be likened to the a certain section of the team so is marketing.

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February 13, 2020, 10:05:22 PM
 #118

Hi; In my opinion, the popularity in the short term and the technology in the long term, which of course will bring popularity. Of course, the project team's policies should not be underestimated.
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February 13, 2020, 10:50:14 PM
 #119

At the moment for altcoins is more important than the reputation of the team and good marketing. Unfortunately, the technology itself doesn't solve much now, because without good marketing, you will not be able to successfully implement your project.
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February 13, 2020, 11:17:44 PM
 #120

None of these two. The main thing that boosts the market are bull runs on Bitcoin and those come from many factors that include popularity and tech in them but also exhaustion of sellers, some positive news, FOMO and more.

Altcoin value depends on Bitcoin that's all there is to it. Altcoins never push BTC forward but it's always the other way round.
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