What really makes a cryptocurrency successful

[mamiko]

The success of a cryptocurrency depends on many variables. Sometimes this is about the realism of the crypto money project, the quality of its team, and sometimes it is related to the successful advertising work it does. sometimes it has no good side, but it can be successful only with the quality of the place in which it is listed. sometimes it can attract a lot of people thanks to the pump that it has done just once. but it cannot provide permanence in this way. In order to be permanent, I think it is necessary that the infrastructure, the team that created it and the project it presented or its successes should be realistic.

[1715073800]

1715073800

[Lanatsa]

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

Are you sure that most investors doesn't know technicalities? For sure there are people who doesn't mind off much but there are some who are really mindful on that part.

Asking out on what are the factors for us to tell that a certain project does have potential? Of course it would be talking about relevance and actual usage.

Most of the time we are talking about fees and transactions times on where most people do really mind off.

[7788bitcoin]

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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

It is true that majority of the users in the cryptocurrency space does not understand the technical terms and majority of them will be bounty hunters who are not interested in learning about the technical things but they are aware of the economic side of things. There are many ways a team could promote a project and if you have the right promotion then you could attract investors and that is how some of the projects becomes successful in terms of the number of money the project is able to collect during the initial phase.

[ecnalubma]

How do we define if its successful? I mean they should consistently build and manage the project in rightful manner to maintain trust of their investors. For me the word is “trust”, if nobody trusted a project it will never become successful. Not all investors buy in because of hype, some look for potential and their purpose.

[Kelvinid]

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

It should be in a reasonable way and the project consists of

*market importance
*it should be reliable and legit
*Support for the developers
*it was listed in the reputable exchanger

we can't just leave the hypes to give the reason for the success because it was not sustaining. What makes important is to have the project that could really provide the need of the people and they find it very useful and that gives a reason that investors will look into that, not ignoring.

[ElmedoRator]

With this market, trust determines everything, most of the people involved in this market do not understand it, I think. We all believe that it will increase so far, the price is reflected in the clear cycle, many people don't even care about the value of the technology it brings, just seeing the profit is them will buy it without even knowing what it is.

[aditasetia123]

when they see technology , they will see gain. technology was be as legit part in startup investment now. just look at project with great technology in crypto market now, they able to gain 100x less in a year. i ithink beside hype and fomo this is the reason why cryptocurrency very sucessfull now.

[Zemomtum]

What makes most projects achieve a high success rate is majorly their development progress according to what was outlined in the whitepaper in conjunction with reliable and quality hands behind the project. The community also play major roles, the more followers they get, the higher rate of achieving a good result, which is for example what XRP is enjoying, despite the court case, they are still doing well in the market

[doomloop]

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

Promotions.

You may not agree with me. But the bitter truth is how intensively you are ready to promote your project , it will get up to that level of success by having more investor and holders on board. It means you must need people to be aware of your project and then it may become successful if there are some solution is being provided by your project.

After promotion, I guess the solution what we are addressing for what problem is playing vital role on making a cryptocurrency successful. Please note that not all good projects are getting success but only through heavy promotions, good projects find success.

[Pamadar]

when they see technology , they will see gain. technology was be as legit part in startup investment now. just look at project with great technology in crypto market now, they able to gain 100x less in a year. i ithink beside hype and fomo this is the reason why cryptocurrency very sucessfull now.

It should be the reason for the success of those project. The technological addition inside the industry

is what the project offers, with real usages and with real supporters the asset is far better than those who are moving just because of hypes.

actually can be seen from the start if the project has a large team and community, it means that it can be ascertained that the project is good. but it does not rule out that a team that has a small community can also develop into a large project later, all projects do need time to develop.

Not at all, the chance are equal and it's depends how solid hte fundamentals of the project, the potential are good from those asset who

really have a good developing team behind.

[Hobo66]

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

There are many things which make project success. The first one is Community, community is a big thing which make project success, second is investors and third one is hard working team. If their is hard working team than that will surely success.

[isaac_clarke22]

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Probably hype from their referrals. That's why there are ponzi schemes popping up and having a lot of connection to different people to invest into their platform/coin, but then when the dump comes, it goes all reds.
Think of it as just like a real-life business, like your local fast food that was just recently opened but then closed a week later.

[husdemba]

Here, the success of the project team is very important. Sometimes even if the project is very good, if the team is weak, success does not come.
Being listed on new exchanges also increases the supply for cryptocurrencies. For example, DOGE is completely driven by supply 

[accounting 181293]

the biggest reason is hype, and hype can be caused by anything. such as experienced project advisors or have a large following. a project team that came from a former big project. or large corporate partners. all that could create hype in the crypto community and make the project popular and successful.

[BaeSuzy]

The first is that in order for a project to be accepted in the community, they must have a real product / service. Then, the profiles of all team members must be real. The next most important thing is that the project has a big partnership, for example, like Google or another big company.

[xiboothrezi]

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 .

and with the support from the fourth point, a project doesn't even need 1-3 points completely, lol.

you've summed it all up in this answer, I just add one more point: the state of the market.
remember the hard times after 2017? many projects that are difficult to develop even though they have good support and concepts, so that most of them can only show their glory this year. although it does not apply to all, the state of the bull market is very influential, because the money circulation is so large and investors have many opportunities to take profit.

[Cling18]

Having an active team and developer and being listed on a top exchange with having a high trading volume makes a certain coin successful. Sometimes, it could happen in the long run so it needs patience. Most coins that fail are usually listed in unknown exchanges that don't have a good number of traders.

[oioi]

The thrill and marketing continues to attract investors, highly trusted managers and community members will continue to spread it to produce the best.

[Ucy]

Depends on what you mean by "Successful Cryptocurrency". Lots of people take only the financial aspect into consideration, whether a project is decentralized or not.

In my opinion, successful cryptocurrency project has to be very useful, efficient, safe and fast without compromising on important crypto Principles/Ideals like decentralization, Transparency, Immutablity, CensorshipResistant, Permissionless/Trustlessness, Anonymity/Privacy, The use of public consensus, Deflation, etc.
These are some right standards any crypto project has to pass in order to be considered a success.
A centralized "Cryptocurrency" is not a success, and could be regarded as substandard project if it fails to stick to the ideals of True Cryptocurrency.

[Koro-Sensei]

The success of a coin relies on its community. Added by its team's vision and perseverance, it is safe to say that a project will likely to succeed. In terms of community, it is really up to them whether the coin should go up or down due to some factors given by the team.