What really makes a cryptocurrency successful

[HanaTenun]

there will be no instant project even if it is from coins that have been accepted in the community, all projects must have obstacles no matter how good the team and the idea are.  the team and the community must work hard for the project to be successful.

[BintangBuleun]

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

Trust in the project and the project team is seen based on the cooperation of the project. Most of the successful projects were supported by a previous platform. Suppose project AAA is working with Binance. So investors see not the AAA project, but the Binance. This is what causes investors to dare to invest in a project.

[llecrf]

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.

In general, projects are declared successful because they have systems and technology that can be run well.
Some people have different points of view on this matter, whether they are looking for a platform that can be used well or just looking for profits by looking at the price achievements of the coin. But both are needed to attract many investors and developers to be able to make new, better projects, fast and safe to use by everyone.

[lxiaoh]

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

If successful just means price pump，and i think i know the answer is.
It is Elon Musk's tweet, and this is not a joke, it is true. Reality is always more ironic than fiction.

[iTradeChips]

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.

But if we are talking about 4,000 plus cryptocurrencies, we are talking not just Binance but also other exchanges that accomodates the other cryptocurrencies and not just Binance alone. We all know that Binance is the big exchange right now, yes, but there is also Coinbase, Kucoin, Huobi, and all the other exchanges that are also good and are also reputable that the trader and investor should all have accounts in. There must be a good list that we can use where it lists all good exchanges but I think you can all start with Coinmarketcap or Coingecko for basic details.

[chanler]

in my opinion, a good project is a project that has been well planned, one of which is having a good team and it will generate good tokens/coins. For example, when I choose a bounty, I will look at the team first, if the team is people who are already well-known and professional, then I will follow it. Likewise, investors should also check and understand first

[iTradeChips]

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

If successful just means price pump，and i think i know the answer is.
It is Elon Musk's tweet, and this is not a joke, it is true. Reality is always more ironic than fiction.

Coming from the 2nd richest person in the world? It will really make a difference if he voiced out his support to a coin. I mean one tweet is all it takes for that coin to reach the high price. Now if several companies decided to support Bitcoin, ethereum and all the alts then that would spell the difference between an unknown coin, but technologically sound, and a coin in the top 100 of the list of cryptocurrencies. The more supporters a coin has the more momentum it will take for it to go higher.

[Benefactor]

I feel that could be the explanation. A genuine task will get monstrous interest right away from the crypto networks. Best ventures through their advancements have had the option to assemble a gigantic after and dynamic local area that is hopeful about the undertaking's odds for progress. Today, we as a whole realized that Binance resembles the standard trade of ventures for it to be effective.

[alex_andr25]

If you do not go into the details that the cryptocurrency performs certain functions, then you can superficially say so. Cryptocurrency is successful because people see and want to see value in it, an opportunity to earn money and remain anonymous. For this, you do not have to pay taxes and you can become a rich, financially independent person

[soul-impact]

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 first thing I saw was that they were profitable for me. Trading is also fast without being too complicated
It succeeds in being able to make people believe in the value that cryptocurrencies bring them. Investing and holding them, creating an economic source for me. Maybe overnight you'll get rich

[infer]

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

Is it profitable it brings?
Its ability to store money is very high, No need to be too cumbersome
Transactions happen quickly, very conveniently
They develop good projects with the potential to attract investors to participate
It's as successful as it is now because it makes people believe in its value, believe the profits it brings.

[Coroline]

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.

yep, if you are not ready for the risk, never put your funds in a volatile market. as the law of economics high return = high risk. Moreover, the crypto world is decentralized, anyone can make their own decisions.
Cryptocurrency market raise and a lot of newbies come to the industry. If persons do not want to risk or do not have experience for investment there are investments funds like https://defiscale.io/ that invest money in gambling and finance and offer a stable income on investment.

I agree that cryptocurrency investment is very risky and not all the people are ready to risk, it is good that there are investments funds that offer a stable income for investment.

[Mauser]

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

In my opinion the biggest two factors that make a crypto currency successful are market capitalisation and the trading fees. If the market is too small, or there are not enough investors and traders, than it is not likely that new investors are going to buy that coin. We want a coin that is being actively traded in larger sizes so we can buy and sell more easily. And the more trader there are the lower the bid/ask spread should be. As for fees, the more we trade a coin the more important it becomes that fees are not so high.

[jostorres]

In my opinion the biggest two factors that make a crypto currency successful are market capitalisation and the trading fees. If the market is too small, or there are not enough investors and traders, than it is not likely that new investors are going to buy that coin. We want a coin that is being actively traded in larger sizes so we can buy and sell more easily. And the more trader there are the lower the bid/ask spread should be. As for fees, the more we trade a coin the more important it becomes that fees are not so high.

Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.

A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.

[ice098]

Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.

A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.

I definitely agree with you mate, for me first thing that might be the major reason for a success of a certain project or ICO goes to the active and development team behind every successful token. There is no other than to credit but them because they are the reason for a successful improvement of token that leads to atteact investors or traders and mass adoption.

Lets just take a look with the high gas fee of ethereum too, this is the main concern for every traders and investors for the last couple months but it has nothing to do with the successful market of ethereum today.

[tarable]

I agree that cryptocurrency investment is very risky and not all the people are ready to risk, it is good that there are investments funds that offer a stable income for investment.

Stable investment is only in stable tokens and don't expect to get a lot of profit, because big profits only come at a great risk and it can only be done by those who are brave in the crypto space.

[tygeade]

Sometimes five years ago, trading fees are not at all a concern. But nowadays people are considering high transaction fees is an obstacle for success of coin. But, definitely I will not agree with that because bitcoin is right now having massive transaction fees still it keeps appreciating. On the other hand market capitalization is just another metric but economically not having any significant meaning.

A real use case and active devs team are more important in my opinion. But nowadays, coins with the no real purposes are finding success because of heavy promotion. When dev team is coming up the strong marketing strategies then they are easily hitting bull's eye.

I definitely agree with you mate, for me first thing that might be the major reason for a success of a certain project or ICO goes to the active and development team behind every successful token. There is no other than to credit but them because they are the reason for a successful improvement of token that leads to atteact investors or traders and mass adoption.

Lets just take a look with the high gas fee of ethereum too, this is the main concern for every traders and investors for the last couple months but it has nothing to do with the successful market of ethereum today.

Can we simply take a look at these things and say that "a coin/token with a great marketing could make an insane profit at the short term but the coin/token with the great dev team and a good use case will always earn you more in the long run"?

I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.

[uneng]

What makes a crypto currency successful is the innovation, workability and benefits to adopters the currency offers.

• Example of innovation is bitcoin, the first crypto currency, the pioneer which opened the path for altcoins come next. Later we had more innovations from ethereum, which have its own network and more recently binance smart chain.

• Example of workability are the currencies which allow adopters transact safely paying cheap transactions, although it's a very problematic point not fully fixed yet by cryptos in general, so we have a bunch of altcoins people adopt depending the situation, to pay low transaction fees. These could be considered successful examples of coins too.

• Example of benefits offered are the potential profits people can make by investing, staking and trading. This point is totally connected and dependent on the the first examples above to be proved on practiced. The most innovative and working currencies are the most beneficial at same time.

[yua_na]

There are no indicator that some cryptocurrencies has been succeed now.
Many variable could be the indication.

From " how big the community untill the development of the platform "

i dont know much about shiba inu untill today.

But is it worth 10 billion marketcap ? Look at dogecoin. So the more you do due diligent the more confusing you will get.

[wiss19]

Can we simply take a look at these things and say that "a coin/token with a great marketing could make an insane profit at the short term but the coin/token with the great dev team and a good use case will always earn you more in the long run"?

I mean it is obvious that marketing can take you somewhere but if it is a bad coin then it is a bad coin and nothing could beat that, there is no chance that we could have a coin that could continue to make you profit for years if there is nothing being done by the dev team that resembles a good improvement.

Yeah I agree, this is why I always pick the coin that has a true use case that people will want and as long as they improve on that people will keep buying to use it for that use case which will make it more and more valuable because it has a buying reason other than "make me money" like most other ones.

This is why those two both could profit you, some idiotic coins did went up because of marketing so in short term that could work too why not, but in the long term its always the proper one that gets you the biggest profit.