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Author Topic: What matters to grow the price of an Altcoin  (Read 668 times)
batang_bitcoin
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April 13, 2020, 05:15:09 PM
 #61

The exchange does matter because it creates the volume of that coin. A good exchange means that the coin is serious with what they are working with. Unlike the other coins that lists their coin everywhere and mostly unpopular exchanges, they just want to get rid of it as much as they can because they don't want investors to be the first one to dump it off and that's the main agenda of the developers. But, if they are serious and looking long term for the coin, they'll create a good volume through listing to a good exchange.

I don't agree. I think that a good project doesn't have to be listed on a good exchange (I guess that by a good exchange you mean Binance). I think it's better for a team to focus on the development and not on the listing. It's better to pay more money for a good developer than for a listing on Binance. And if you create a good project, then it will be listed on Binance sooner or later, and without paying the listing fee.
I think that too much focus in crypto is on listing on Binance and other "good" exchanges. More focus should be on having a good idea for a project and a good team that will support the project.
Well, I agree with @batang_bitcoin, I think what he meant by a good exchange means that it should be listed in an exchange where it is most likely used by a large number of users. It has a positive effect wherein it has more potential to be invested by large investors.
It's okay if he disagrees with what I've said and he's entitled to it. Put a good project into a bad exchange and see if the developers will thrive to work for the project. If they just keep on saying bad reviews because of how bad the exchange is, they wouldn't have the urgency to develop it further because they're also affected by the feedback that's being thrown to the exchange if somebody wants to buy their coin. They're also the cargo of the exchange that's why a good exchange matters.



 

 

 

 

 

 


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April 13, 2020, 05:24:04 PM
 #62

The exchange does matter because it creates the volume of that coin. A good exchange means that the coin is serious with what they are working with. Unlike the other coins that lists their coin everywhere and mostly unpopular exchanges, they just want to get rid of it as much as they can because they don't want investors to be the first one to dump it off and that's the main agenda of the developers. But, if they are serious and looking long term for the coin, they'll create a good volume through listing to a good exchange.

I don't agree. I think that a good project doesn't have to be listed on a good exchange (I guess that by a good exchange you mean Binance). I think it's better for a team to focus on the development and not on the listing. It's better to pay more money for a good developer than for a listing on Binance. And if you create a good project, then it will be listed on Binance sooner or later, and without paying the listing fee.
I think that too much focus in crypto is on listing on Binance and other "good" exchanges. More focus should be on having a good idea for a project and a good team that will support the project.
Well, I agree with @batang_bitcoin, I think what he meant by a good exchange means that it should be listed in an exchange where it is most likely used by a large number of users. It has a positive effect wherein it has more potential to be invested by large investors.
It's okay if he disagrees with what I've said and he's entitled to it. Put a good project into a bad exchange and see if the developers will thrive to work for the project. If they just keep on saying bad reviews because of how bad the exchange is, they wouldn't have the urgency to develop it further because they're also affected by the feedback that's being thrown to the exchange if somebody wants to buy their coin. They're also the cargo of the exchange that's why a good exchange matters.

That's one thing that's wrong with crypto today. It shouldn't matter where a project is listed as long as the development is ongoing and the team behind the project is good.

For me personally it doesn't matter if a project is listed on a less popular exchange. If I believe that a project is good and that the team behind it is good, it's even better if it's listed on a less popular exchange because it has potential to make big gains once it gets listed on a popular exchange like Binance.

And when I say less popular exchange, I don't mean fishy exchange. I mean exchanges that requires less money for listing but is still legit. For example, KuCoin is an example of such exchange. It's not Binance but it is legit.
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April 13, 2020, 07:59:08 PM
 #63

A lot of factors influence an altcoins price, one being high demand and low supply. The exchange where it is listed plays a major role, the hype surrounding it and so on.

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April 13, 2020, 08:31:19 PM
 #64

A lot of factors influence an altcoins price, one being high demand and low supply. The exchange where it is listed plays a major role, the hype surrounding it and so on.
All the things that you just mentioned ate just speculative things which cannot sustain for longer periods whereas when an altcoins got real reasons for adopting it then it will gain its value regardless of how much supply it will be having or where it will be listed. But, like you mentioned only speculative things are playing major role on most of coin's valuation which shows that only bumping and dumping kind of manipulations are the real deciding factors for most altcoins.

I guess when an altcoin gains its value due to external factors which are not directly linked to the ecosystem of that altcoin then I believe that coins will eventually will reach the value of zero one day or another.   
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April 13, 2020, 09:48:06 PM
 #65

There are many factors that altcoins price depends on. One of them is market conditions in lower time frame the market conditions heavily depends on altcoins price. The next thing is the development of the product they promised or the product use. If the product is not that good the price will surely goes down. Then the next thing is exchange support. If big exchanges support that coin price will be high and stable. Other things like team , community , promotion that's also matter. But I think price is not all. If the coin don't have any useable value then high price doesn't matter.
You are right with all the factors you mentioned. Every factor must work together and simultaneously to create a price boost of such altcoin. And I see many projects messing things up due to the poor promotion or ineffective marketing strategy. Having a wide reach of your product will command a great user base and increases the demand for it, which on the long run will positively affect the price of the token backed by the product. Marketing is important while other factors should not be joke with.

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April 13, 2020, 10:10:16 PM
 #66

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

Well, part of the factors or elements that matters to the people to get into that Altcoin are the team behind it and the exchange where it was listed because that matters on some of us with regards to choosing the cryptocurrency we would buy which concerns the trust on the exchange and the team developers behind that project. Well, of course what matters most in an Altcoin is the project itself which involves the main feature of the project where we can see the objective, idea and technological advancement that it can offer us since we are into seeking for great solution using cryptocurrencies that is the main aim why projects are being launched. Checking up on these elements investors as well as the people in the crypto community will make the Altcoin matter depending on its value based on those elements to make the demand which will make the price goes up or down. Also, the market conditions do also matters on the pricing of Altcoins because the market is volatile, then it depends on the behavior if the price will go up or down. Certain factors do matters and are needed to be considered that affects the price increase or decrease of a certain Altcoin in the market.
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April 13, 2020, 11:49:26 PM
 #67

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.
More service means more demand of any coin. Any legit Dev do his best to increase demand by release own coin, more top exchange, partnership and service development. Still now if any hype project announce that Binance confirm than demand will increase. So only search for legit project which will be listed all exchange.
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April 14, 2020, 12:41:31 AM
 #68

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

for any altcoin to grow in price, it needs sustainable amount of hype, and to get sustainable hypes, such altcoin need to produce a product that is widely adopted by the crypto ethusiast, and likewise cause a demand pull, where the altcoin is rushed and purchased.

increasing the no of exchange listing of an altcoin does not guarantee its gonna increase in price
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April 14, 2020, 01:15:02 AM
 #69

In my opinion the thing that makes the price of altcoins go up is the demand for these altcoins, the higher the demand, the price will be more expensive.
Another thing that causes the growth of altcoins prices, among others, is the volume of coins also determines. More and more investors are buying coins
the higher the volume. If the volume is high, of course the price will also be high.

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April 14, 2020, 01:27:12 AM
 #70

In my opinion the thing that makes the price of altcoins go up is the demand for these altcoins, the higher the demand, the price will be more expensive.
Another thing that causes the growth of altcoins prices, among others, is the volume of coins also determines. More and more investors are buying coins
the higher the volume. If the volume is high, of course the price will also be high.

but how can that happen  ? altcoins wont just be indemand if its not a good alt  . makers should create quality coin first then teamed it up with good marketing to achieve a success  . the idea sounds easy but nope its not  .

 with the current industry we have here , the competition is now big and tough  . for me as a buyer  .  price of alts isnt really matter but what matter is the purpose  . if i can use that alt well for making online purchase or for gambling then id be sticking up to it  .
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April 14, 2020, 03:03:19 AM
 #71

the creator and developer of the project is the main factor in the price of an altcoin besides the large community and the altcoin exchange listing is also very influential.
some altcoins fell because the team and the developer left

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April 14, 2020, 04:01:52 AM
 #72

The exchange does matter because it creates the volume of that coin. A good exchange means that the coin is serious with what they are working with. Unlike the other coins that lists their coin everywhere and mostly unpopular exchanges, they just want to get rid of it as much as they can because they don't want investors to be the first one to dump it off and that's the main agenda of the developers. But, if they are serious and looking long term for the coin, they'll create a good volume through listing to a good exchange.

I don't agree. I think that a good project doesn't have to be listed on a good exchange (I guess that by a good exchange you mean Binance). I think it's better for a team to focus on the development and not on the listing. It's better to pay more money for a good developer than for a listing on Binance. And if you create a good project, then it will be listed on Binance sooner or later, and without paying the listing fee.
I think that too much focus in crypto is on listing on Binance and other "good" exchanges. More focus should be on having a good idea for a project and a good team that will support the project.
Well, I agree with @batang_bitcoin, I think what he meant by a good exchange means that it should be listed in an exchange where it is most likely used by a large number of users. It has a positive effect wherein it has more potential to be invested by large investors.
It's okay if he disagrees with what I've said and he's entitled to it. Put a good project into a bad exchange and see if the developers will thrive to work for the project. If they just keep on saying bad reviews because of how bad the exchange is, they wouldn't have the urgency to develop it further because they're also affected by the feedback that's being thrown to the exchange if somebody wants to buy their coin. They're also the cargo of the exchange that's why a good exchange matters.

That's one thing that's wrong with crypto today. It shouldn't matter where a project is listed as long as the development is ongoing and the team behind the project is good.

For me personally it doesn't matter if a project is listed on a less popular exchange. If I believe that a project is good and that the team behind it is good, it's even better if it's listed on a less popular exchange because it has potential to make big gains once it gets listed on a popular exchange like Binance.

And when I say less popular exchange, I don't mean fishy exchange. I mean exchanges that requires less money for listing but is still legit. For example, KuCoin is an example of such exchange. It's not Binance but it is legit.
But as you know, investors, traders include the exchange as part of the standards. And without which, don't expect that a batch of traders or buyers will come to that exchange just for the sake of the coin because if they belittle the exchange, they'll also the same thing with the coins listed there so that's why it's a matter of importance for those good projects to be listed to a very good and known exchange because it truly helps to the progress of that coin.



 

 

 

 

 

 


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April 14, 2020, 08:18:30 AM
 #73

the creator and developer of the project is the main factor in the price of an altcoin besides the large community and the altcoin exchange listing is also very influential.
some altcoins fell because the team and the developer left

Yes tihs is correct.

Also important is the private investors in the coin.

For example Creditcoin was invested in by Coinbase and Y combinator and has cotinued to rise in price (+6000% this year) and only listing on major exchanges like Bittrex and OKEX.

Whereas scam coins have been dropping in price
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April 14, 2020, 08:33:23 AM
 #74

if you want to increase the price of altcoin owned by a developer, the best way to do that is to develop their products. You know, when they make the product they need, demand will come to them, and that will make the price go up. many altcoin prices are down because their products are not sought after by people.

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April 14, 2020, 08:38:08 AM
 #75

the success of a project depends on the developer and the team behind the project itself, while the rise and fall of the price of a coin depends on demand in the market, so what makes a coin price expensive is because the project is developing well and there is more demand in the market is compared to offers.
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April 14, 2020, 10:28:17 AM
 #76

It's demand and supply , listing on a good exchange and a good marketing. That's what will give an altcoin the right price base on there Development level also.

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April 14, 2020, 10:40:02 AM
 #77

the best way to do that is to develop their products. You know, when they make the product they need, demand will come to them, and that will make the price go up. many altcoin prices are down because their products are not sought after by people.
What do you mean by products? I believe not all altcoin projects are having their own product so that they will produce those products to get more value for their coin. For example, monero is a privacy oriented coin and whenever people want their transactions not be to traced then they may buy and use monero. Here, how those monero devs can increase the adoption of their coins. There is only application for their coin and there is no actual product on which they could create demands.

Another study case we can have here is BNB. Who ever trading in binance may pay exchange fee in BNB to enjoy some discount. When binance is doing better more people will choose that exchange so that obviously they may prefer to have BNB for reduced fee. This way BNB will get more adopters which will end up in more value for BNB.

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April 14, 2020, 10:46:24 AM
 #78

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.

The thing that matters to grow the price of an altcoin is the team because every decision, every development, every improvement comes from them, that is to say the fate of the project and price depends on them first and foremost. Also, one of the ways to know that the team is working as expected is the type of community they have; how is the community supporting them? Secondly, another way to know is the choice of exchange; that is, no team who wishes for the success of their platform will list on bad exchanges. So in all ramifications, everything depends on the team when growing the price of an altcoin.

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April 14, 2020, 05:47:22 PM
 #79

Demand and supply is known, but the thing is, what really makes demand? We all know supply, that is an easy one, do not print out hundreds of millions of that currency out of thin air and expect people to pay good fair price for it without really giving it a worth first, some projects print out 500 million of their coin, and it is not listed anywhere, hell its still in coin offering stage and doesn't wort 1 cent, yet they ask like a dollar for it, that is as insane as it gets if you ask me because they do not need that much money to make that project work.

However demand is still something we have no idea how it works, sometimes people really want a coin like crazy and love it, sometimes nobody really cares, like not even talk about it in bad light neither, just irrelevant and not care about it, don't know what separates them clearly.

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April 14, 2020, 06:41:33 PM
 #80

We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.
Demand of the coin makes the price to get grow which is possible through lot of factors like utility, trading volume,community support and more importantly their development.As you said most altcoins looks same so we can't expect the copy of something to get the same result as original.
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