What are the criteria for choosing altcoin

[typerex987]

I invest only in a long term projects
Point Network is a pretty good one, check this  article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

[Piesel]

Choosing altcoin is not that hard of a task, since the coming of the alternative cryptocurrencies with the introduction of the ethereum blockchain, it has given birth to several projects and one of the easiest ways to pick some of the viable coins is in its long term goals as other comments suggested, look for a coin that has utility base because those are the coins that will exist in the market for long. But in doing that you need to put the risk factor into consideration, because one can not 100% predict the future of any coin, not even Bitcoin.

[RockCryptoWorld]

I invest only in a long term projects
Point Network is a pretty good one, check this  article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

Great article

[NewRanger]

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market.  when projects having  great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

[Reatim]

I invest only in a long term projects
Point Network is a pretty good one, check this  article
https://cointelegraph.com/press-releases/point-labs-releases-full-roadmap-to-web3-functionality

He is asking for criteria and not a direct project and if you are only here to spread this one I think you are in the wrong thread though it is a different thread for sharing.

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

don't quote a post without anything on it because this will be a spamming and may affect your signature campaigning .

[Inspiron14]

Choosing altcoin is not that hard of a task, since the coming of the alternative cryptocurrencies with the introduction of the ethereum blockchain, it has given birth to several projects and one of the easiest ways to pick some of the viable coins is in its long term goals as other comments suggested, look for a coin that has utility base because those are the coins that will exist in the market for long. But in doing that you need to put the risk factor into consideration, because one can not 100% predict the future of any coin, not even Bitcoin.

Maybe what you say is true too but it all depends on each person for me,
because if we see it in newbie traders or investors maybe they will find it difficult to choose altcoins,
This is where having knowledge is very important and of course it is obtained with a lot of experience and learning

[Bonenx14]

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

You should know that not all atlcoins listed on major exchanges are worth investing in, anyone has seen the damage to the luna coin because it was once on the top altcoin list and had high liquidity on various exchanges, but the luna price breakdown was the worst in crypto history this year, so we should consider investing in altcoins and should review them every latest news update.

[RussianEnglishTranslation]

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?

When the market is frothy then everything and anything can pump. That said, you don't want to get stuck with meme coins when the music stops. A better solution is investing in ISO20022 projects or the internet computer. You know, projects that are becoming the new industry standards and that will be adopted by enterprise, banking and governments.

[sana54210]

You should know that not all atlcoins listed on major exchanges are worth investing in, anyone has seen the damage to the luna coin because it was once on the top altcoin list and had high liquidity on various exchanges, but the luna price breakdown was the worst in crypto history this year, so we should consider investing in altcoins and should review them every latest news update.

I agree that we should be picking coins that are solid, but people not knowing Luna may crash is their own problem. Last year in 2021 there were a billion algorithm stablecoins that crashed because if you keep on selling it, and making money from it, the market can't recover it and all that money stored aside will not be enough, eventually there will be someone richer than the money stored who will keep on selling more and more.

Last year I was part of a project that had 30+ million dollars like that, and someone with more than 30+ million dollars came in and destroyed it and made money along the way and it never recovered. When you do that to UST, then Luna goes with it obviously.

[KennyR]

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market.  when projects having  great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

Trading volume can't be an indicator to choose altcoins for investment. There are better methods to choose the higher ROI potential altcoins since trading volume can be misleading especially for new traders. Getting listed on major exchanges and demand by investors have to be first 2 filter before going for next ones, IMHO.

Trading volume too needs to be taken into consideration, because it is possible to see coins with much higher ROI, but when you go for the volume it'll be in few thousands. Getting listed on major exchanges adds more value to the project. Best part is the trusted assets that have got a minimum viable product. This is most important when choosing a coin, so that market won't experience a decline that easily.

[milewilda]

I think the criteria for a very good altcoin to invest in is that it must be listed on several major exchanges, altcoins have large fundamentals and trading volume, have high utility, and altcoins have a solid community, if these factors can be seen in, then it can be make sure the altcoin has great potential and is very appropriate to invest, of course it will not be easy for you to find if you don't do in-depth research.

trading volume and listed in several major exchanges didn't guarantee it will be good project. only utility in ecosystem will create demand that will attract trading volume in market.  when projects having  great utiility , investors will trust to invest their money, so it wouldnot be pump and dump project.

Trading volume can't be an indicator to choose altcoins for investment. There are better methods to choose the higher ROI potential altcoins since trading volume can be misleading especially for new traders. Getting listed on major exchanges and demand by investors have to be first 2 filter before going for next ones, IMHO.

Trading volume too needs to be taken into consideration, because it is possible to see coins with much higher ROI, but when you go for the volume it'll be in few thousands. Getting listed on major exchanges adds more value to the project. Best part is the trusted assets that have got a minimum viable product. This is most important when choosing a coin, so that market won't experience a decline that easily.

One of the solid indications that you are dealing with the right project is the strength or support of the community via checking those volumes.Its really easy to have a high value for a particular coin
but its hard to maintain up its support for long term runs because the community isnt really blind on supporting on something which is totally shit thats why its important on considering on
checking this information whenever you do intent on investing or dealing with an altcoin.Some are overrated and some are undervalued and that decision of yours would typically be depending
with your own research and knowledge on dealing up with things.