What are the criteria for choosing altcoin

[Shasha80]

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?

With so many altcoins currently on the market. Of course, it makes us as investors sometimes confused about choosing good coins for investment.
But if you want to invest long term in crypto, it's not enough to just look at utility as a criterion. In my opinion, good coins for long-term investments
must have strong fundamentals, high demand, popular and has an active development team. Usually if there are coins that meet the criteria
I mentioned, no doubt these coins are very profitable for long-term investments. So far, usually the altcoins that are in the top rankings of
Coinmarketcap meet these criteria. Like ETH, BNB, ADA, LUNA and SOL are some profitable coins if we invest for the long term.

[Xal0lex]

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?

1. Team
2. Allocation of tokens to investors, team, advisors, etc.
3. token issuance
4. White Paper.
5. Exosystem development.
6. Roadmap
7. Which of the funds invested in this project

[monineklutak]

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?

1. Team
2. Allocation of tokens to investors, team, advisors, etc.
3. token issuance
4. White Paper.
5. Exosystem development.
6. Roadmap
7. Which of the funds invested in this project

I agree with you and we need to do some research on the 7 points you mentioned,
it may look a lot and will take a lot of time but at least it's worthwhile to find good coins though that's also not a guarantee,
most importantly pay attention to these 7 points before buying coins

[ethereumhunter]

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.

Investing in the top altcoins is an option that can be taken by those who are new to crypto or who are confused about their choice because, at the very least, they can hope to make a profit later. As long as we don't go along with what other people say without seeking further information, we won't be fooled by scam projects or projects that struggle to get a raise later. I also chose to invest in BinanceLabs for the new coins because, at least, the new projects had to go through a selection process from Binance before their projects were allowed to enter the Binance exchange.

[bounceback]

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?

There are no specific criteria when trying to buy altcoins because each investor has a different way or view in choosing the coin he wants to invest in, but it is very important for us to always do independent research about the type of altcoin we will buy so as not to experience losses. later because by doing research we will know what the project has to offer in the long term.

[Erdogan]

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?

Usability is now definitely one of the most important criteria for choosing an altcoin.
The basic ones are also the professionalism of the dev team, tokenomics and general fundamental analysis.
Period of presence on the market (determines stability) and its capitalization are very important.
On the basis of market capitalization and utility, we can compare such a project with others (if there are any similar already on the market) and assess how much such a project can develop.

[AnonBitCoiner]

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?

First of all when you choose any altcoin for long term then you should look for coin which have strong and wide use case. If coin have have just one type of usecase then this coin can go down if trend end like Axe which is single game. If this game failed then Project will go down also. Similarly Juno coin which only usecase is Stacking and airdrops , if it's end it will go down extremely hard.
For choosing best altcoin look for project which provide a systems for another Projects like Mana,Sand which has full system of Metaverse. Similarly Atom token which has Big ecosystem.

[Fakhrulenclix]

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?

Of course, every investor has their own criteria to determine which Altcoin to invest in for the future.
utility is certainly an important factor that must be considered when looking to invest long term, but I personally tend to see new Altcoins that are under serious development for the future because I think if it is successful it will be very profitable when we as investors get in early.

[Ryker1]

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?

Well for me, a strong network is very important and followed by the utility of the project. There are too many signs on how to determine a potential project but it does not mean they are not risky at all. Altcoins are very risky, considering that it seems they are like gambling, you can invest them in a short period of time and beyond that, perhaps they will turn into a shitcoin which is very common as of now. So, choose a better one that has a potential, if you want long term avoid token because they are very risky.

[lienfaye]

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 utility is an important criteria when choosing a coin to invest in. Thats how you can see if its not just an speculative asset but has a purpose why it was existing.

Its a must to also check the white paper, the roadmap, the team and the community. These are just the basic thing to do as an investor if you're looking for a project that unlikely to turn as scam.

Nowadays its important to have your own understanding of what you're getting into. Researching can help to fully understand why the specific coin is the one that you're looking for.

[kotajikikox]

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?

Investors ? what kind of investors are you referring here? newbies ? or those Old time investors ?

for New investors may find this hard to find , but those old timers? i don't see this will become harder because people in crypto knows how to find nor how to denied the chances of  buying fake or scam coins.


and besides they wanted to buy safe coins that mostly in ranking top 1-50.

For long-term investment, you have to make wise choices since the potential scam projects can hide it till reaching goal. Choosing project and investing takes time that should be used for filtering bad ones. Check team, road map, charts, overall market conditions and you are good to go.

and also never AIM for total profiting , i mean never be a greed investors and just take small profit but surely, never seek for GEM project if you cannot afford to totally lose as well.

[kapalmabur]

For long-term investment, you have to make wise choices since the potential scam projects can hide it till reaching goal. Choosing project and investing takes time that should be used for filtering bad ones. Check team, road map, charts, overall market conditions and you are good to go.

Doing research does have a big role in determining a viable project although it's also not a guarantee,
do in-depth research both on the team, the roadmap and others,
what is clear is that choosing a good project is not an easy thing and it takes time to do it all

[cvasy]

Doing research does have a big role in determining a viable project although it's also not a guarantee,
do in-depth research both on the team, the roadmap and others,
what is clear is that choosing a good project is not an easy thing and it takes time to do it all

Every new project is obligated to do research on it if necessary repeatedly because in the composition of the project team there could be a scammer who has also been in the old project in the past, so when you have done your research, at least everyone has started to know things. this kind of thing even though it can't guarantee a lot of profit through the project.

[ivankoh]

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

In my opinion, utility is the main factor to promote value and input speculation motivation, accepted and used product value will increase reflected value, right?  The countless altcoins out there have always been questioned in terms of applicability rather than meaning and generated action.  Utilities, tokenomic, roadmap, team, actions or words...etc, long-term investors get the value they want, they have to trade it for risk.  And no one wants to deny profit when it comes.  The utility will be the connecting and maintaining product

[barbara44]

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?

Why what is the difference from this time to the time that we have before? Ah I know, maybe this time there are lots of coins that are created already? is that is? But, that doesn't make me confused to be honest because I still know if which coins are worth it to invest and what is not.

We have coinmarketcap or coingecko that we can use, if we don't know what to choose all by ourselves. We can use their top coin rankings and pick the coins that are under that category. That should solve your problem if your confused. Yes, utility is one of the factors to look for before you invest because this is what makes the coin to get in-demand.

[lobo13hf]

Utility will become the main factor for the project in long term.
I will try to add some things that must be considered by you

venture capital and backers
team track record
smartcontract and code
alpha or at least MVP
Tokenomic and economic structure of project
roadmap

Those things must be used when you are doing a research to know which altcoin that potentially give you good profit for sure.
I think that if you must aware about that and then just try that.

[el kaka22]

snipped

I have been around here for a long time, and I mean like very long time and I can easily say that nothing that happens in the crypto world could make me get confused about it. I get that some people could have trouble trying to find what to invest and when to invest but I have figured that out long time ago and it hasn't been a problem for me ever since. At least 5+ years or so, and I am still using the same logic and have provided me with a good profit.

What I do is that I wait at least 6 months to a year after a coin is created, early investment never really was my forte and even though you could make a lot of money, you do not have to risk it neither. Then I just buy and hold, if it does 2x then I take my initial investment out, and I just keep the rest... as long as I can.

[Benefactor]

This is a significant point, as a general rule, reception can draw in a ton of premium from financial backers and establishments to utilize it. In the event that they're vital to you, that is essential for your picking yet on the off chance that they don't sound good to you then there's no requirement for you to check those out. In any case, truly, utility is one of the variables that numerous financial backers are looking that.

[rodskee]

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.

Investing in the top altcoins is an option that can be taken by those who are new to crypto or who are confused about their choice because, at the very least, they can hope to make a profit later. As long as we don't go along with what other people say without seeking further information, we won't be fooled by scam projects or projects that struggle to get a raise later. I also chose to invest in BinanceLabs for the new coins because, at least, the new projects had to go through a selection process from Binance before their projects were allowed to enter the Binance exchange.

wrong , new to crypto mostly try investing in altcoin that is not on top instead those they are being lured meaning those liars here in crypto space had made them believe that those project will go to the moon or can become GEM.
so meaning they are the mostly losers.
but since OP is asking something here? maybe he is the one with High hopes in crypto investing and one of those who mostly succeed.

[2tang]

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?

I see criteria like this, first is the community strength of the project, we can see how the project builds a solid community and has strong fundamentals. if this is able to meet the criteria and has a good concept then it is worth investing in.

 at this time we also have to follow market trends to invest such as NFT, METAVERSE and WEB 3.