What really makes a cryptocurrency successful

[WOPR]

Trust, building a community, and marketing are key. Otherwise its like having a restaurant in the desert that no one knows about and has no signs to its location.

[1714971337]

1714971337

[FloridaKid]

Any coin can bring profits or can change one's life, some coins are based on FOMO while some delivers at best but when it comes to crypto success it's all in the hand of the project team, my own interest is been successful so the only way to have high chances is expand your portfolio

[Altcoinsintel]

While in the bullrun it is difficult to decide because even the trash are getting attention, I still think that with enough market research and due diligence we are able to find the top projects that will eventually become successful. In the bear market this is easier as the scams are less and the working teams of developers are obvious.
Being succesful in the short term doesn't mean a cryptocurrency will be relevant after two or three years.

[mrdeposit]

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

That is why today doge has reached $0.67.
Most people are interested in how to make a profit without any effort. Whereas, if you spend some time in this forum, you can discover how things are progressing over time. When the prices were low in the market, nobody was interested in crypto, but since January dozens of guys have asked me how to invest. So, things do not work like that here, you should be active all the time, otherwise you will remain unaware of innovations, which means you have already lost too much.

[jerlen17]

Projects will be successful because of the hardworking, commited and dedicated team to do their very best, investors whose trusted to the potential of the coins and to the supporters for spreading the informations and news. I think these are the ingridients for the success of the projects. You as an investor, must be observant to the flow of the crypto world for you to be able to make profit and to avoid scammers.

[Psynthax]

If the project really good it will be easy to success. When the project has a good development, good team it will bring good partnership and everyone gonna love that project and invest on it.

But i think the project should also have some real use case where the product offered by such project could shine, I've seen countless project whose team behind it was very committed in developing their project but no one really used it so they fall and bankrupt.
See the example of swap service (dex) despite clone of it coming out everyday it's still selling like a hot cake because its use case is strong and that's what defi  tokens offered quite frequently.

[Sindicatout]

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

If you mean small investors from the forum who do not have large amounts of money, then it is possible. But projects want and attract large investors who fully report their actions and their investments. And if they invest in cryptocurrency, then they understand where they are and what risks there are.

[imstillthebest]

if they ask questions that means they have no idea in the project or they can have an idea but they are not confident and wants to confirm it by the judgement of other people .
a good team can have a big impact in the success of a project but only if the team that claims they are professional are legit and not lazy
. instant success can happen if they completed the first level of thier plans but what want is project that is succesful from start to finish  .

[bonyaserg]

Personally, I believe that if a project is in great demand among the entire community, then, accordingly, the project will be very popular in this market. This means that this project has attracted many investors who have invested their funds and want to profit from this project. This follows from this, because I believe that the cryptocurrency created by this project is starting to rise in price, and the project is becoming very popular. And it turns out that the project came to fruition because it became very successful and many made excellent profits.

[Dewi Aries]

Same answer with some people here, it is hype. Because some projects still not developed first before they can get money from ICO or any other crowdfunding ways. For me who not really deep in a coin analysis, i will look people's response, but it is tricky because some people really shill the coin with their own reason. That is what we must filter it.

[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.

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.

That's the use case and I agree to you that a project is successful when people are using it. Because cryptocurrencies should be used as the normal currency that we use.
If a product successfully being preferred by a community to be used or a company, that's already a success to them.

[sukmo]

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

Yes it's true you, I also see it that way.
One of the factors of a successful project is by means of proper and accurate promotion. This will help the project grow better by having a good vision and mission of course.
And do not forget also the success of the project can also be seen where the coins will be listed in the exchange.

[adekogbe]

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.

Thing's true to an extent, i believe that with interest from billionaires who have had a lot of success in other offchain models of businesses, they will be able to put together a team capable to achieving the teams goals and objectives.
That way, investors are not really scared about investing since they know the kind of people backing the project for success

[paxmao]

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

The team is super-important. In this space, a very important quality, beyond the technical ability of the members, is simply honesty and compromise. It is very difficult to measure and you can´t get into other´s brains to see their intentions. Just notice that potentially a team could do nothing and have a nice lifestyle with the investments and there is no legal claim that can stand a chance of success since they would only need to demonstrate that they have tried to do something...

A good way to understand a project is to research the past works of the members and such... but that is far from the means of the average investor.

[adekogbe]

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

This is quite an interesting take on the topic, some projects will perform well in the short term but will fail in the long run, and for that reason even after a project has seen initial success, every existing or new investor should always keep track of what developments are ongoing with the project and if the visions are still viable in the long run

[goinmerry]

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

Investors aren't that blind to know if the projects devs are really working hard or not to their project.

If every promised updates delivered on time without any hassle or trouble, expect that the community will consider putting trust on this project.

And importantly, the market price. It's no secret that some projects boost their popularity because of the price. If the project devs aren't working seriously or adding some liquidity on their pools, there is no way the price will boost and attract some traders. That was a team effort.

[tanjiran]

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

one of the most likely reasons is the current state of the market.  many investors dare to take risks because there is an opportunity for a pump to occur.  even for projects where the product is not clear, the whitepaper has not been completed, and only relies on airdrops to develop the community, it can cost more than 3 $.  this has happened a lot recently in the solana ecosystem.  The risk is quite large because recently scammers have started to exploit this situation to cheat.

[inanilujimi]

To be successful in a short time, one of them can be directly registered on a large exchange like Binance, just look at recently TKO has gained a place in the crypto market, which is basically a fairly new token.
Whatever altcoins are rumored to be on a Binance list, most of them will be hype.

[abel1337]

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

one of the most likely reasons is the current state of the market.  many investors dare to take risks because there is an opportunity for a pump to occur.  even for projects where the product is not clear, the whitepaper has not been completed, and only relies on airdrops to develop the community, it can cost more than 3 $.  this has happened a lot recently in the solana ecosystem.  The risk is quite large because recently scammers have started to exploit this situation to cheat.

I've seen many projects like this, Most of them are DeFi projects. There are many projects that easily got their hard cap and don't even have a whitepaper to defend the project. It's just this bull run that makes their investors think that they can potentially acquire good profit from it despite the risk of getting a rug on a project. Many investors gained a hefty profit and also lose plenty of money because of this projects.

[kevindjunaidi]

what really makes cryptocurrency successful is :
1. the project has a good idea and is useful for the long term, so that it makes investors interested to investing in the project
2. the project has a great team and good partners, so that it makes investors interested to investing in the project
3. the project always has progress at any time and does not just make promises, so that investors will believe to investing in the project

but the most important thing is influencer doing promotion, for example is Elon Musk who always tweet about Dogecoin and now the price of Dogecoin has increased very high and become top 5 on coinmarketcap .