What really makes a cryptocurrency successful

[gribalenfeksiyon]

There are many factors that make a cryptocurrency successful. The purpose of crypto money is primarily to offer a technology and to make people like this technology. If the technology they offer is not liked and trusted by people, of course the success rate will decrease. The key point here is to make people like something. creating a large audience. This can happen by advertising the crypto money well, with the team being related to the crypto money, listing it on good exchanges.

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[midaslordes]

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

One major factor for the success of every cryptocurrencies is the support of their community if it has a enormous number of supporters it can really attract plenty of big investors.

[southerngentuk]

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

Since people see the opportunity to make a profit at this stage, almost no one understands how it works, people try to find ways to buy the coins that are on the market hoping to get a good return. I am not too surprised because these are still repeating what the past happened, when the media talked about cryto too much, the fomo phenomenon started.

[N2CoinOfficial]

• New bids on the block (The story of Dogecoin is an excellent reflection of the absurdity of the cryptocurrency market)
• Ripple makes waves (Ripple’s goal is to build a next-generation cross-border payment system that will allow for any unit of value – whether it’s a dollar, a bitcoin, or even a tenth of a penny – to be moved easily around the world in a matter of seconds.)
• Getting smart ( Ethereum has been the subject of a great deal of hype over recent months.)
  
• New money’s new appeal (The surge in attention garnered by bitcoin’s alternatives gives rise to the inevitable question of what is driving its value. )
  

[electronicash]

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.

we didn't really mind those fees before but that is because the price was just too little that we only ignore it but you can think about it today because the value of 0.0005BTC is already $25. this price is way high compared to using Paypal transaction.

if we consider the transaction fee as part of success i think we should be looking at the project that we can make a transaction without fee.
EOS would be the best candidate for this and it recently just blow up because some billionaires had just added funds to Block.one for an exchange development.

[Boomber]

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 what makes cryptocurrency successful is :
1. the project team is very active and always provides information about the progress of the project
2. the concepts and ideas of the project are very good, so that they can attract the attention of investors
3. have a good partner, so that makes investors sure to invest in the project
4. often make AMA, so that many people know about the project and invest in the project
5. listings on major exchanges (Binance, Coinbase pro, Kraken, etc.), so the volume of coin is very high and the price will definitely increase

[posporo]

In my opinion, a sucessful cyptocurrency is made by the teamwork of its team for giving it a hype for the target investors. Also by making a good progress looking for the investors who will be really likes the projects of the platform.

[X-ray]

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.

These days stable coin is not a common stable coin that can give you nothing. There are numerous platforms that already offered various staking and lending for the stable coin and you can get stable income from your stable coin as passive income. The fact that there are lots of people have been using this platforms since a few years ago and these platforms are growing so fast.
You can't make a lot of profit from there but when you have lots of capital and you can make decent amount from staking your stable coin.

[MUHAMMAD NUR AMANAH]

Which makes the crypto project my personal success probably because a solid team of his interested investors may be a small part of the success of the project and probably the success of the project's billionaire who invested in it because it would have a big impact on the success of the project and probably many more would make the project successful because it would have a big impact on the success of the project and probably many more would make the project successful because it would be so hard to predict

[Dr.Osh]

- the sincerity of the team
- trust
- continuous development

however, I think it is the 3 points that make a project a success. out there, there are quite a lot of good projects, but because there is no trust in the team, the project will die slowly. other than that, even though the concept is good, if the team only thinks about itself, then it's like playing with investors. Continuous project development is also very necessary, so that the project can adapt to the needs of investors or users.

[TopT3ns]

as long as the project has a very high demand and usage, it is certain that the cryptocurrency will have a long life and can provide a lot of profit to investors who come in and support it, but if there is no high usage then it will definitely be difficult to survive, circulation in the world of cryptocurrency is very harsh and not easy.

[BuNga_cute]

as long as the project has a very high demand and usage, it is certain that the cryptocurrency will have a long life and can provide a lot of profit to investors who come in and support it, but if there is no high usage then it will definitely be difficult to survive, circulation in the world of cryptocurrency is very harsh and not easy.

I noticed that usually projects that have a clear purpose, usually have a high demand. As ETH and BNB are examples of successful
cryptocurrencies, therefore investing in ETH and BNB is highly recommended. But if we look at the crypto market today it is very sad,
because most of the outstanding projects have no clear use. In fact, there are so many new projects that appear and will soon become
a scam project, because these projects are just a copycat of the previous projects. So be careful when investing in cryptocurrencies,
make sure to do research and analysis beforehand, to avoid investing in the wrong projects.

[dimox]

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

not 100% if you try hard to find which ico or coin will success, but there is a chance to get there.
you can observe about that team, how its going. sometime, there is member who join another team after finish and succeed the team before. and we can deny if the new one cant close to be 'success' but, it can be small chance.
and dont forget to keep touch with them to see the progress.

[NicNacCoin]

A successful project has many importants things.. firstly it should have good communication community, trusty team management. If a good communication spreading it's popularity and reputation among the investors then it would have highly possible to success.

[Kasabus]

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

not 100% if you try hard to find which ico or coin will success, but there is a chance to get there.
you can observe about that team, how its going. sometime, there is member who join another team after finish and succeed the team before. and we can deny if the new one cant close to be 'success' but, it can be small chance.
and dont forget to keep touch with them to see the progress.

The success of the project reflects mostly of the team members itself. There will be a huge demand from its community if the consumers have seen the progress of the project and the development that had taken place.

However, if the project does not meet the quality standards of the consumers or the people in the crypto community, there will be less adoption and probably the project won't meet its target and more likely to fail in the end because of undervalued.

[chikading2016]

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 so many factors that can make a project successful, exchange where the token listed, the team behind the project, the product, the transparency etc.,investors never invest in the project that has a negative feedback so they will always look at the team behind the project and thier back ground after checking the team they will surely look on the product and make a short evaluation if that product will posibly be accepted or useful to community.

[junkerr]

so far as I know cryptocurrencies can achieve success when they have projects that are very useful for many people, when there are no useful projects then cryptocurrencies will not develop and certainly will not get support from any investors.

that's if we see how from the use of their platform or product. but if we look at their market. Successful cryptos are those that manage to have value and gain the greatest adoption.
The circumstances of every crypto asset are different. some take a long time to make their market strong. but some get support from their already strong partnership which makes crypto from new projects immediately gain popularity in the market.

[Oilacris]

Most of the projects that survived the crypto winter had a solid working product underneath.

In my opinion, success depends primarily on whether there is a real business and a real use of the token under the project, otherwise, during a bearish trend, the price of the coin may fall below its selling price.

Not at all because if you do look on some projects that survived that crypto winter doesnt really have that solid working product but it do still able to get some significant value in the market which is really surprising.

Only a few percentage on overall projects does actually had one or does have relevance when it comes to actual world usage but there are still some who had able to cling up with the ranks despite of lacking on the thing.

Success isnt something that would be guarantee no matter how great the project idea is because it would always matter with the demand and that what really dictates when it comes to success,.

[Mihawk]

Well, your opinion can't be disregarded, but although most of those involved do not know technical terms or have an understanding of the project, they may have an understanding that if it is not for them, for someone it will do and when the project is useful, prices end up reflecting , if you disagree, present a project with a decent supply and that is of some use and that is undervalued. Naturally, by posting this, people will buy this project because it will definitely be recognized.

[xSkylarx]

Their usecase in the blockchain technology is what really makes a crypto successful. There are many cryptos now that shows a lot of potential in the future because their project solves some problems that blockchain tech lacks. The team also behind that project are very active updating about their progress and future plans. They always engage to some events like hackaton to make their project become more popular. They do partnerships with some popular companies or other crypto projects to improve the usecase of their cryptocurrency.