forexandcryptoauditor
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April 14, 2020, 06:48:47 PM |
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The first thing which I can say the root of any project is its product. How much demanding it is in the market? Ten if the project has raised enough funds, has the development completed or on track? And then on which exchanges the coin is listed? All these matters a lot. Not developed projects which do not have transparency towards its community or projects listing on not so good exchanges showing fake volumes and trades will bring down the price of altcoin eventually.
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Bitcoinislife09
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April 15, 2020, 02:23:10 AM Last edit: April 17, 2020, 04:21:04 PM by Bitcoinislife09 |
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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.
All of your hint was right. Of course it is something to do with listing on some exchanges and the team handling it. But let met me add more important factors on your doubts. The project has high value because they have: - A working product
- A potential platform that has a realistic use case
- Cool features that has been new for everyone
- High earning platform
- New tech upgrade or improvement
For sure the demand would be a great thing to this altcoins since their are a lot of altcoins already in the market, that is why their are less demand to this tokens. Coins value vary. If yoi want to increase the value of your coin you can market it, marketings invites a high numbers of investors meaning high demand and tails high value. With that you have to buy coins and wait until such time that the value of your coin becomes higher. Then you may sell your bitcoin and gain so much return on investment. You can enjoy your life in bitcoin through buying, selling and trading. With thaya you can help your family in your payments and bills and enjoy time with family and colleagues at the same time.
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SirLancelot
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April 15, 2020, 06:03:20 PM |
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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.
There is no difference between the Bitcoin we have and the altcoins, they are all the same thing and the prices of altcoins moves with the rate of demand and supply; when the demand is higher than the supply, the price starts to increase, but when it's the opposite of what I just said, the price begins to fall. So for the team that's running the token or coin to achieve this, they are not only going to list it on exchanges. Listing it on exchanges doesn't do much, they will have to run a promotion so that lots of people will get to know about their coin/token and invest in it. So their marketing skills is very important when it comes to this, because if they are not good at marketing, they will be heading to nowhere.
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seleme
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April 15, 2020, 09:25:52 PM |
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The first thing which I can say the root of any project is its product. How much demanding it is in the market? Ten if the project has raised enough funds, has the development completed or on track? And then on which exchanges the coin is listed? All these matters a lot. Not developed projects which do not have transparency towards its community or projects listing on not so good exchanges showing fake volumes and trades will bring down the price of altcoin eventually.
Demanding working products is the first reason why projects don't publish their all features before ICO/IEO. If they publish everything, the interest will decrease, many teams prefer to distribute the positive news over the few weeks in order to keep the interest which can add more demand to the pool.
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itsv
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April 15, 2020, 09:39:53 PM |
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i think there are lots of factors involved most of which are already listed such as : 1. working product 2. real world use case 3. Active development team and community
But the most import aspect in my opinion is the aggressive marketing campaign utilizing both mainstream media and social media side by side that is one key aspect that will surely act as a catalyst for the price to go up. There are many good projects out there since the start of bitcoin like namecoin etc but their price didn't move that much and we have seen many shit coins pump without even a prototype all because of marketing.
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Text
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April 15, 2020, 10:55:04 PM Last edit: April 15, 2020, 11:10:57 PM by Text |
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All the factors that are likely to affect the price of a coin are mentioned. And to put it all together is definitely a good outcome.
For me, price doesn't matter, just as much as investors don't lose. because they believed and clung to the promises that the people behind a project should really fulfill. But let's admit it is very attractive to actually see a high-priced coin. It is better to know that the price of the coin goes from low to higher than that of a sudden rise but also a sudden fall.
Now that crypto users are becoming more and more aware of the market trend, they are wise to look and choose the coins to enjoy.
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mirakal
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April 15, 2020, 11:00:52 PM |
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The first thing which I can say the root of any project is its product. How much demanding it is in the market? Ten if the project has raised enough funds, has the development completed or on track? And then on which exchanges the coin is listed? All these matters a lot. Not developed projects which do not have transparency towards its community or projects listing on not so good exchanges showing fake volumes and trades will bring down the price of altcoin eventually.
Demanding working products is the first reason why projects don't publish their all features before ICO/IEO. If they publish everything, the interest will decrease, many teams prefer to distribute the positive news over the few weeks in order to keep the interest which can add more demand to the pool. The competition seems to be tougher now in the altcoins market, before, a project can be successful with just a mere whitepaper only but the big ones already entered and they have bigger to offer, they have working products and a reputable team, so they'll win, but despite that they still struggle and that is due to the overall market condition.
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jhonjhon
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April 15, 2020, 11:06:46 PM |
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All the factors that are likely to affect the price of a coin are mentioned. And to put it all together is definitely a good outcome.
For me, price doesn't matter, just as much as investors don't lose. because they believed and clung to the promises that the people behind a project should really fulfill.
Now that crypto users are becoming more and more aware of the market trend, they are wise to look and choose the coins to enjoy.
But we can't deny that high price attracts newcomers and investors. This is also to determine that this project has a huge market demand and has a working product.
One thing that could help with the price to grow is having a good market strategy. If that certain project/altcoin has a good marketing strategy it surely they'll find a positive result. We know the market competition, in fact, it keeps stronger as many projects have already existed today.
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Kasabus
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April 15, 2020, 11:13:03 PM |
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All the factors that are likely to affect the price of a coin are mentioned. And to put it all together is definitely a good outcome.
For me, price doesn't matter, just as much as investors don't lose. because they believed and clung to the promises that the people behind a project should really fulfill.
Now that crypto users are becoming more and more aware of the market trend, they are wise to look and choose the coins to enjoy.
Choose those coins that will live long term. Those coins that have potentials and will surely grow its price as time goes by and not fall into as dead coins. Marketing the coins will help them to grow their prices because there will be more investors that will be interested to invest in them because of their own great value they possess.
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Eplus_Team
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April 15, 2020, 11:16:06 PM |
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I think the main point is that the Altcoins needs an usecase, so people dont just hold and they use it too.
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flagpara
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April 15, 2020, 11:56:46 PM |
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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.
When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust.
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davidroux
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April 16, 2020, 01:39:39 AM |
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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.
When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust. IEO now only works well at large exchanges because this is where there are many good projects and they are willing to invest if the project is of interest to everyone. Of course, you have the right to choose whether or not to invest because it all depends a lot on the investor and the exchange only makes it possible for you to buy easier without having to worry about scam issues. However, be careful and consider because not all projects will help you make good profits.
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shinratensei_
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April 16, 2020, 04:32:49 AM |
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I think the main point is that the Altcoins needs an usecase, so people dont just hold and they use it too.
Since crypto was created and the main aim was always to develop the real use case for the altcoin that can be used into the platform. Usecase is everything and it matters a lot. The fact that if investors, buyers or even traders will always ask the team about what was the use case of token for the platform. This is about the implementation.
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michellee
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April 16, 2020, 06:07:16 AM |
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When I remember the time of 2017, any project was success for a little step. For one apps any project could rise half or 1 millions easily. From this time trust is going to fade. To bring trust back IEO started but didn't get huge support. Although top few exchange IEO has huge support by investor, there has huge trust.
That year is the best year for every project because almost all projects were success to release their project. They attract so many investors to invest in their project. But then, the situations have changed, and only a few projects can survive at this moment because the crypto market is unpredictable, and they cannot do anything. Support from the investors, participants, and the exchanges will be needed for the real project, which can give advantages to them back in the future, and not just for making the profit.
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xSkylarx
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April 16, 2020, 11:38:50 AM |
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Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.
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ViralNation
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April 16, 2020, 11:56:51 AM |
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Well generally speaking, the life of any altcoins depends on how useful the coins are, how big and supportive it's community and how eager the developer to constantly do the upgrades of their projecs.
Exactly. For example look at coins like Creditcoin. Was invested in by Brian armstrong (CEO of coinbase) and as a result has gained alot of media interset and followers. they are bringing hte credit system onto the blockchain which has never been done before and can be used globally
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FrozenBit
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April 16, 2020, 12:28:50 PM |
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Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.
Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products.
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Eclipse26
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April 16, 2020, 01:44:15 PM |
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All I know is that, demand determines the market value of crypto so it has something to do with the volume also. If the demand to a particular altcoin is high, the tendency is that it would have a high market value. Demand on the other hand is not only dependent with the token supply, but also to the popularity of the altcoin or crypto in general. The market behavior also plays a role in this scenario. The market behavior would more likely pull or push the demand and the market price of cryptos just like what we can see at this point wherein the market still is 'deep'. Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.
Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products. There are many cryptos that passed by on the previous years which had a huge potential but still ended failing the project in general. That is how strong the influence of the market situation. There are times investors are afraid to invest which is a bad thing for the project when it comes to their campaign period. Domino effece then occurs.
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el kaka22
Legendary
Offline
Activity: 3626
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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April 17, 2020, 08:59:54 AM |
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i think there are lots of factors involved most of which are already listed such as : 1. working product 2. real world use case 3. Active development team and community
But the most import aspect in my opinion is the aggressive marketing campaign utilizing both mainstream media and social media side by side that is one key aspect that will surely act as a catalyst for the price to go up. There are many good projects out there since the start of bitcoin like namecoin etc but their price didn't move that much and we have seen many shit coins pump without even a prototype all because of marketing.
Yeah, that "important feature" thing is quite important and many altcoins do not really care enough about it when they really should. If your coin doesn't bring anything new to the table, that will not get any attention, it has do really make a whole change to blockchain world, so much so that all the coins that is created after you should adopt the blockchain you made in order to continue. Look at ethereum and eos and tron and so forth, they did something so great with the dapp world that now everyone wants to be a dapp blockchain and have stuff that are dapp with their blockchain. That kind of huge change will make your coin heard, if you can't really make that kind of change and only improve on what is currently available you will not be used all that much probably as well.
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Hippocrypto
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April 17, 2020, 09:18:36 AM |
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All I know is that, demand determines the market value of crypto so it has something to do with the volume also. If the demand to a particular altcoin is high, the tendency is that it would have a high market value. Demand on the other hand is not only dependent with the token supply, but also to the popularity of the altcoin or crypto in general. The market behavior also plays a role in this scenario. The market behavior would more likely pull or push the demand and the market price of cryptos just like what we can see at this point wherein the market still is 'deep'. Some projects are focusing in marketing their coin but this only works short-term without a working product. Those altcoins who are still in the market are those who already have a solid foundation, product and had already established something in the field of crypto. There has to be a team dedicated on working on product, and a non-ending development on the platform itself.
Agree with you, altcoin now very much dead. The current altcoins are the best altcoins and have the best platform. And for me, the best altcoins that can increase in the future are the altcoins that must be supported by the community and have products. There are many cryptos that passed by on the previous years which had a huge potential but still ended failing the project in general. That is how strong the influence of the market situation. There are times investors are afraid to invest which is a bad thing for the project when it comes to their campaign period. Domino effece then occurs. The investors who previously trusted those promising projects were all affected by declining crypto economy. There's no assurance for now if they'll able to resume their trust or prefers to hibernate for a while. However, it sounded strange since it's been two years that bitcoin and several altcoins were facing unstable value which never pump impressively.
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