Altcoins Need a Catalyst to push up prices

[cytpoway121]

I have read so many suggestions that bitcoin bull run is the biggest catalyst altcoin can get but i wan to differ.

Harmony, Sero, Tokoin to mention a few exceeded expectations when bitcoin was shaky, because their catalysts (ieo) and immediate product was top notch.

What i mean is that, there are catalyst beyond bitcoin bull

[ife2020]

You are right except few projects including exchanges coins like BNB, OKB, KCS updating and developing their projects but all other projects which were in top 100 positions in 2017-18 are now near to death, The reason is they did not improve the project as per their road map.

I am glad you listed out BNB, OKB, AND KCS tokens as core examples.
They rose in price and value to the top because their platforms made they usable and indispensable, by creating a large circle of functions around the platform with the token a core beneficiary.

Binance for example now allows over 10 countries to buy and sell in fiat, sighting great deal of development and customer success.

[Crypto_lion]

Altcoins cannot gain publicity or makers share just a method of payment like Bitcoin because they are never going to gain adoption on that front. The only way for altcoins to gain is through creating a good utility and obtain adoption specific to certain industries like supply chain  or contracts  or in the manufacturing sector , logistics etc.

[TheUltraElite]

Altcoins cannot gain publicity or makers share just a method of payment like Bitcoin because they are never going to gain adoption on that front.

Absolutely. So we should stop hoarding altcoins and sell them all for bitcoin. Bitcoin is the thing that drives the prices of altcoins. So why take the passenger seat when you can have the driver seat?

The only way for altcoins to gain is through creating a good utility and obtain adoption specific to certain industries like supply chain  or contracts  or in the manufacturing sector , logistics etc.

Very longshot. We havent seen much supply chain accept bitcoin at all, heck even merchants are afraid to accept it less they get attacked by the government. So they stay in hiding and dont use it much. Altcoins are never going to be that big unless there is some huge adoption of bitcoin and followed by altcoins.

Creating good utility is easily said but difficult to be done.

[Emilyearl]

Not just the Altcoins market alone. At this point, the entire cryptocurrency market needs a new push to make its price moon. It can either be a news of its legalisation in some world countries or its adoption in some key life areas.

[Byakuga]

You are right except few projects including exchanges coins like BNB, OKB, KCS updating and developing their projects but all other projects which were in top 100 positions in 2017-18 are now near to death, The reason is they did not improve the project as per their road map.

And that's not good, continues development is what keeps a project alive, well many coins from 2017 loses their position to few new coins so I'm not surprised, this is why top 10 is the best bet when investing in new coins nowadays

[bittraffic]

Even if there is a catalyst to push the price up, its just going to be drag down again by the crisis. Its not possible right now, the fiat are just important for the people than keeping cryptocurrencies on their wallets. We would have to wait for months to a year for this crisis to end and then we can expect the catalyst to enable prices to moon.

[Kvalentine]

It's very hard to pick projects In crypto space because there is no way to know which one will have a serious team, most projects have good use cases but the team in charge are not good enough, that's why crypto investment is a high risk investment

[bits4books]

Majority of alts don’t have real value and use cases, they were needed just to raise money for some shady companies
Only btc, only loyalty to traditions.

[kickdapa]

Not just the Altcoins market alone. At this point, the entire cryptocurrency market needs a new push to make its price moon. It can either be a news of its legalisation in some world countries or its adoption in some key life areas.

I think we need some bigger news for this market to grow as it did before. But first we need to stop the worldwide virus situation, which has severely affected many countries and their economies have collapsed just like this market.

[Bellarg]

BTC is a good catalyst for it. Then btc grow the whole market growth

[ife2020]

BTC is a good catalyst for it. Then btc grow the whole market growth

Bitcoin is always a good catalyst, way back 2017, during the sweet bull run, it pushed all altcoins high in price, value and volume equally.
But you cant always rely on bitcoin, which is why few tokens dump more, even when bitcoin grows.

Hence the need to dyor

[crypto595]

If a coin is going to survive long term it needs to become a national currency.
Thats the future.
Look at TemTum, in talks with Anguilla and more countries still to be announced.

[Twinkledoe]

BTC is a good catalyst for it. Then btc grow the whole market growth

Bitcoin is always a good catalyst, way back 2017, during the sweet bull run, it pushed all altcoins high in price, value and volume equally.
But you cant always rely on bitcoin, which is why few tokens dump more, even when bitcoin grows.

Hence the need to dyor

Tokens are being dumped because they have no reason to exist but for the devs' pockets. So even if bitcoin increases, they can't catch the train. Most of them will continue to fall. So I think the good catalyst is the project itself, if they have good foundation and valid reason to exist, they will be valuable in exchanges.

[pikkie]

BTC is a good catalyst for it. Then btc grow the whole market growth

Bitcoin is always a good catalyst, way back 2017, during the sweet bull run, it pushed all altcoins high in price, value and volume equally.
But you cant always rely on bitcoin, which is why few tokens dump more, even when bitcoin grows.

Hence the need to dyor

Tokens are being dumped because they have no reason to exist but for the devs' pockets. So even if bitcoin increases, they can't catch the train. Most of them will continue to fall. So I think the good catalyst is the project itself, if they have good foundation and valid reason to exist, they will be valuable in exchanges.

that I know there are many possibilities that make the price of a token dump or collapse, the developer may resign or leave the project and there may be no clarity about the project being developed so that makes many investors disappointed so that the price of the token collapsed like that.

[gaston castano]

I also think that altcoin, which is released now, on average, is used only for profit when launched on the market and will not last long.
therefore, researching before buying ico coins is really very important.
the large number of tokens that appear every day also increases the difficulty of distinguishing the project.

[maydna]

Bitcoin itself can be a trigger for the altcoin to push the price to a higher rate. But we cannot expect it to happen so soon, so you need to be patient and calm down because the market is not going anywhere. At least, until this day, the market still up and down. And sometimes, we are amazed to see the price can go up and down out of our expectations.

Although some project can continue their development, if bitcoin price does not increase, that will not move the market because all of the coins and tokens will follow behind of bitcoin movements. It will moves if bitcoin price can break the higher price so that will be a good sign for the market to start rise and we will see the crypto market will rise again.

[zaim7413]

If a coin is going to survive long term it needs to become a national currency.
Thats the future.
Look at TemTum, in talks with Anguilla and more countries still to be announced.

Which countries will cooperate with the Temtum? and to date how many valid countries want to work with the Temtum to build their future in crypto? I really don't know about what you said.

[TheClownSong]

In my opinion, until now the driving factor for the price of altcoin is the price movement of Bitcoin. When the price of Bitcoin goes up, most of the altcoin prices will go up even some up to tens of percent.

[TitanGEL]

Many altcoins do not deserve long-term interest from investors at all. They are like paper towels-they were used once and thrown away. It is the same with altcoins, investors bought them, made money on them, sold them and no longer have interest in them. An exception can only be those altcoins whose developers have the money to constantly fluctuate their price and thus make these altcoins interesting for trading and investing.

There are now many altcoins before who listed in an reputable exchanges in high prices but now you can see that those altcoins are now considered as shit coins because of their current prices and volume which is very low. There are only few altcoins that have potential to survive in the market and those altcoins are in the spot of top 20 cryptocurrencies in terms of market capitalization and daily volume.