What really makes a cryptocurrency successful

[adekogbe]

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

[Teraboy]

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

Hype?

As far as i know the legit project that can be accepted by the community easily already published by so many press release.
So many investors didn't know about DYOR. They were only doing herding activities.
The legit team can be seen from how active they are in developing their project. I think that could be the reason. A legit project will get massive demand instantly from the crypto communities.

[Kabul]

It is the hype of the community. If there is one person believing in the project, he will spread out his words to other and the process repeats. However, they might be only succeed in a short term because no institutional investors or knowledgable holders want to involve in long term trading. Sooner or later, a coin will explode

[motun01]

There seems to be a theme common to successful projects and a lot of it is down to promotion and marketing.
Most successful projects through their promotions have been able to build a massive following and vibrant community that is optimistic about the project's chances for success. When all this is combined with a team of professionals, partnership with top companies and exchanges and interest from large investors, the project often succeeds

[tabas]

The exchange where it is being listed helps to the success of a project. Today, we all knew that Binance is like the standard exchange of projects for it to be successful.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.

[Twinkledoe]

The exchange where it is being listed helps to the success of a project. Today, we all knew that Binance is like the standard exchange of projects for it to be successful.
Upon listing and announcement, investors will catch as much as they can before it finally is on Binance and that makes the coin had a greater volume and liquidity, thanks to Binance and other reputed exchanges.

This is only one facet of why a specific project can attain success. The major factor for me is its actual usage among crypto users or even to ordinary public. If the app or product can be used or applied in their everyday life, there is a chance that the project can achieve success. Because without use case, it is hard for a project to hit it off in the market. If they will just rely on traders, they will not survive. So aside from the exchanges, should be the actual developments of the platform itself. And how they can influence the community.

[KimmyF]

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

I don't know how you provide instant trust because you only need trust if you need immediate acceptance. For some more trust now, we agree to buy new altcoins from the exchange instead of any websites. Actually, without a good exchange, only new can be successful. There is only a strong partnership which can help, I believe. Anyhow, show us some trust that new projects will work as mentioned roadmap.

[Kavelj22]

From my experience, i learnt that projects starting with a bounty all are almost a failed projects. Of course we can't generalize it, but i am sure that the successful coins are the ones backed by a real project and it's an utility token to maintain the running apps. In this box, i can mention little to few examples of successful cryptos like ether and BNB. Note that we concluded that they are successful after a long journey of work and updates, but if you are looking for a project to invest in, better to dyor according to your background knowledge in a specific field.

[cabron]

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

Hype?

As far as i know the legit project that can be accepted by the community easily already published by so many press release.
So many investors didn't know about DYOR. They were only doing herding activities.
The legit team can be seen from how active they are in developing their project. I think that could be the reason. A legit project will get massive demand instantly from the crypto communities.

Hype is a bit correct but more a guy like Elon will make the cryptocurrency more legit.  

You can do all the DYOR you want but you can only see how Doge get to be this big because of one guy. Seriously there are a better project that has greater concept solving a real problem but if there is no community that will support it, it may fail.

[Bitcoinjheta]

Mostly successful coin or token in the market are owned by billionaires and or a well-known person in the world. This happened because this was surely organized, well consulted by experts and adviser in a crypto were most things needed in a project that has big impact in the economy.

[aprilnot]

Apart from the hype, influential people also have an important part to play in this. in the past we often saw experts advising new projects and the project was gaining popularity. and support from major exchanges also has another important part. if these three things are owned by the new project, it can be ascertained that the project will be successful.

[Psynthax]

its true that large portion of people who were supposed to be investor of the project don't really know the technicality of the project but atleast many of them know what the project's product and what makes it stand out than other.
Although some people probably just buy some coin without even know the project like what happened when a coin got listed in an exchange and some people just buy the coin out of the blue without even knowing the coin itself but that's like only small portion of people, the rest of them usually able to distinguish the project and find the quirk of the project. like for example, there's reason why swap tokens become very generic because most of people think they could repeat the pump that has happened to uniswap or such.

[kidbounty]

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

hype was an important factor in the success of the project. There are many ways to start the hype, such as collaborating in front of experienced advisors who have a large following. or start a lunchpad at a large exchange. this way is very powerful to increase popularity.

[Teknisi88]

What really makes Cryptocurrency successful is that it is a digital currency that can be used as both a store of value and a mode of exchange.
Although only beginning to take notice as a legitimate payment method, it has established itself as a new asset class over the past decade.
That's about to my knowledge

[RussianEnglishTranslation]

For a project to be successful it needs two things, good marketing and real world utility. Take 0xMR for example, it's mineable, can be used in yield farming, can be used on several casinos and is building a mixer that will require 0xMR for payment.

[bitkanu]

A project created by a very well-known person will be accepted by the community or even newcomers. Remember about the majority of big projects created by the guys that have massive popularity among the crypto investors.
We can take DOT. This project accepted by the community instantly caused by one of ethereum core developer member is also working on DOT.
I can't also deny if marketing and usability will be playing a lot to make the project to be a successful project.

[capokmerah]

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

Hype?

As far as i know the legit project that can be accepted by the community easily already published by so many press release.
So many investors didn't know about DYOR. They were only doing herding activities.
The legit team can be seen from how active they are in developing their project. I think that could be the reason. A legit project will get massive demand instantly from the crypto communities.

Hype is a bit correct but more a guy like Elon will make the cryptocurrency more legit.  

You can do all the DYOR you want but you can only see how Doge get to be this big because of one guy. Seriously there are a better project that has greater concept solving a real problem but if there is no community that will support it, it may fail.

it would be strange if the success or fame of a coin was caused by just one man  . but the fact is so now. If we put aside the success of coins first due to famous people like Elon,
In my opinion, Every Coin will be successful if it has Action in the real world, has a solid Team and Community. where the coin is listed is also very influential.

[Skinny48]

Most people would say use case, newer tech or ideas, etc but look around you today even shit projects brings thousands of dollars to some people, what people should understand is some projects are for short term investment opportunities, while some are good for long term, as for me I just busy taking advantages where I believe that opportunity is available

[ancafe]

real investors should know that, and choose the coin or token because of its function, and professional team. however, most people are the type to choose coins based on the movements and developments that occur. for example, such as choosing a coin because of the signal that it can increase, and so on. however, what makes a cryptocurrency successful is the people behind it as well as the users, in short, the need and demand is great, and that refers to the function of the coin / token.

[Reatim]

I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

Are you really asking ? or just pointing your view? because you are asking in title but explaining here in your post.

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

Nope you are wrong , because what you are pointing is the Weak and stupid investors and not those Big and knowledgeable .
Many of them knows what they are doing .

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

There is no Instant success in every project , Looks like you are the real one who don't understand anything.