What are the criteria for choosing altcoin

[Odusko]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

[kesmex]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Every investor must have their own criteria for choosing the coins they will invest,
the safest is that the top coins are good for long term investment,
but we still need to do our own research after all we can't ignore that

[lombok]

To meet the criteria for long-term altcoin investment, we have to pay attention to a lot. Utilities are mandatory, but there are a few other factors that I usually use as a benchmark.

1. Supply and mechanism of the coin. A limited supply has a guaranteed stable value increase, but there are also coins that have an unlimited supply of coins that can increase in value rapidly. Then is there a certain mechanism in the ecosystem or network, such as coin burning and buyback periods by developers.

2. Strong fundamentals. Coins and tokens that have strong fundamentals tend to be safe for long-term investments.

3. Mass Adoption. This is an important point, broadly speaking, mass adoption is able to attract a lot of interest from investors and institutions to use it.

4. Strong network, low fees, fast transactions, safe and extensive Ecosystem. This is of course the basis for the coin to show off its advantages over other competing coins.

[tabas]

Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

It will still depend on how you see these factors. If they're important to you then that's part of your picking but if they don't make sense to you then there's no need for you to look at those. But honestly, utility is one of the factors that many investors are looking that.
We like tokens that have real usage and being used for utility because that's part of the factor that we're looking at if there's a use for that token and it's not just for speculation through trading.

[luckyjoe]

Great team, still cheap (low marketcap), needs to be able to go x100 or even x1000.

Worked for me on a couple of projects but not always of course.

Overall this strategy made me able to buy real estate and get a huge btc stack which i never could have done buying top50 projects.

Right now i like KoinOS. TT also might be promising but I am not sure. It just went up +70% today after a long drought so do your own research

[ethereumhunter]

There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.

[Tony116]

There are no right criteria for choosing altcoin because every investor will have their own criteria and be different from the other investors. Some of them prefer to invest in a low coin price, while others will look at supply, the project development, the teams behind the project, the position of the coin, etc. Some others prefer to invest in the altcoin from their position and only pick the top 20 coin list for their investment. Maybe you need to find those criteria for choosing an altcoin based on what we are telling you so you will know how to choose the altcoin.

Yes, there are no specific criteria to judge potential altcoins. It depends on each individual's forte and preference. Like me, I like to invest in top altcoins and layer 1 projects because I like safety and not too risky. Sometimes I will invest in new projects with a very small amount, my criteria besides reading Tokenomics, I will invest in monitoring venture capital funds. I love BinanceLabs investment projects.

[Bitstar_coin]

The major thing to look out for is the team ( 99% of the project success relies heavily on the team) team with lots of experience in blockchain, great ideas and track record from their previous fields will deliver.

An active community with strong support, once there is massive support from the community it creates organic hype to increase the project popularity.

The project concept should be appealing and useful in blockchain to attract the right people to want to invest without doing much advertising. A project with these three criteria can perform very well.

[cryptoperkele]

1. It solves a problem that other altcoins doesn't
2. Team leader is a talented coder, meaning that other coders are blown away by his/her talent
3. Every team member has a clear purpose for being in the team.
4. Transparency of the team progress and by that i mean answering to tough questons and they are admitting mistakes they have made.
5. It's a red flag if team is talking about the market value or speculating about the future price.
6. tokenomics need to make sense and have a solid game theory backing it up.
7. Project isn't jumping in the latest buzzword bandwagon.

Those are few things coming in my mind.

[Raflesia]

It's not that easy, I think the criteria are within us to decide which one to choose in altcoin investment because there are many factors to choose from and also see how it develops in a project, so I think everyone will have different opinions, but if you want to take Which advice is better and more research by you and then decide which one to invest in.

The top altcoins do have a little longer in the market because of the large community in trading to encourage them.
However, if you choose a new one or one that is still below, I think you need to correct it again whether it is correct or not.

[andyou1234]

if the altcoin we choose has a competent development team and is supported by a large and active community, besides that the altcoin has large fundamentals and trading volume and has been registered on several large exchanges, then you can be sure that the altcoin has good criteria and very worthy to be chosen, even though it is not entirely true but these altcoins have a great opportunity to be able to provide our profits,

[hyudien]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

The project criteria I pay attention to when I want to invest is of course checking their social media channels, checking white papers, and seeing the project roadmap, goals and advantages of other projects. However, it is true that every investor has their own criteria in determining their target for a project. Usually based on popularity, and a high level of interest in social media are also important factors to review how ideally we will drop money into the project.

[Fesatmas]

if the altcoin we choose has a competent development team and is supported by a large and active community, besides that the altcoin has large fundamentals and trading volume and has been registered on several large exchanges, then you can be sure that the altcoin has good criteria and very worthy to be chosen, even though it is not entirely true but these altcoins have a great opportunity to be able to provide our profits,

I agree with what you say, although it's not necessarily 100% correct but it's better than altcoins with obscure projects. Regarding a strong community, here I don't think it needs to be too big as long as they are solid, a project that is in front of them has a chance to be successful. The community cannot be underestimated, because their presence is indeed one of the factors for a project to run well.

[Joyawan13]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

To choose altcoins to invest in the long term is certainly not easy, especially now that there are so many altcoins that have been created, for me to invest in the long term of course I don't want to take risks. to invest, my choice is of course Bitcoin Ethereum Binance and a coin that I think has the potential to develop in the future, even if I want to invest in a new altcoin, I will not invest a large amount, because for me it is a very high risk, so my choice is definitely which I don't think is a big risk.

[Johnyz]

1. It solves a problem that other altcoins doesn't
2. Team leader is a talented coder, meaning that other coders are blown away by his/her talent
3. Every team member has a clear purpose for being in the team.
4. Transparency of the team progress and by that i mean answering to tough questons and they are admitting mistakes they have made.
5. It's a red flag if team is talking about the market value or speculating about the future price.
6. tokenomics need to make sense and have a solid game theory backing it up.
7. Project isn't jumping in the latest buzzword bandwagon.

Those are few things coming in my mind.

This is a good list, if you are serious on looking for a good altcoins project you must have your own criteria and don’t just based on any hype. In cryptoworld those who analyze well always a winner, they have a better chance of getting into a good project. I stop investing for new tokens for now but when I do see good project again, I might start to buy and see of its worth it or not, still depend on their services.

[samcrypto]

I have a few list on choosing altcoins, this is very common but I think its important to see on every new project before you decide to invest.

1. Token Name - You can tell a project if its legit or not by just knowing their token name.
2. Network - Some token are using a great network for their services, if you prefer a specific network or a multiverse this can be one of your standard.
3. Services - Most of the token now don't have the utility, and they are just a token without a use so I'd rather avoid those tokens and just buy those who have a utility.
4. Supply - I don't want to buy a token with unlimited supply and no burning mechanism, this is too risky for me.

So that's it, very common yet you can see their real values once you know how to analyze properly. Choosing good tokens right now is very easy, you can spot the difference between a scam project and a good project with this standards.

[24Kt]

I have a few list on choosing altcoins, this is very common but I think its important to see on every new project before you decide to invest.

1. Token Name - You can tell a project if its legit or not by just knowing their token name.
2. Network - Some token are using a great network for their services, if you prefer a specific network or a multiverse this can be one of your standard.
3. Services - Most of the token now don't have the utility, and they are just a token without a use so I'd rather avoid those tokens and just buy those who have a utility.
4. Supply - I don't want to buy a token with unlimited supply and no burning mechanism, this is too risky for me.

So that's it, very common yet you can see their real values once you know how to analyze properly. Choosing good tokens right now is very easy, you can spot the difference between a scam project and a good project with this standards.

I would also suggest that as much as possible, look at what stage of development is the project. If it is still alpha going for months, more than likely, they will never launch their working product. It is better if they have working product/services before they introduce their platform to the public. But if they will rely their developments from public funds, they have high chance of shelving the project. Because if you have no solid financial backer, going forward would be too difficult for them.

[Sled]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Several things to consider and a good project must have all of these,

* Use case and legit purpose of the project
* transparency
* liquidity/trade volume
* strong support system
* already back-up by an exchanger

We are supposed to invest in the project that we know are legit, not just only under construction and pre-sale period as the majority of them turn into scams.

BTC, ETH, BNB, and the rest of the top 20 coins in the market seem to be good choices. Not even it needs for you to check their background.

[Oceat]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Every investor must have their own criteria for choosing the coins they will invest,
the safest is that the top coins are good for long term investment,
but we still need to do our own research after all we can't ignore that

Nah, in the past chosing the top coins are the best picks for long term investment but as time flies by most of the top coins aren't worth it to hodl for long term since some of them are either too long to pump or too early to pump, that's why most of them called the pump and dump coins.

One should find a category like the market movement of a coin plus the total market volume and make sure that it isn't a fake volume since some of the exchange do this to attract investors/traders or it's best to just go to Binance if you can't find a reliable exchange.

[WalkerIVIV]

At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base.

So many things need to be considered when choosing altcoins. Like

1. Team
2. Demand
3. How big the community
4. Progress
5. Exchange site
6. Hype and many more

Should utility alone be a major factor in determining a good altcoin and being speculative in the price?

Yeah and that's it. Utility has become a main factor that needs to be considered as internal factor that wil be making the project even stronger. The utility of token will be creating demand for the token as people think if that token is very useful.