Altcoins better to chose unitilty above hype.

[Odusko]

Primarily why altcoins market become more interesting is the role their play in the cryptocurrency space which is alternative to Bitcoin and also to help propelling the scalability and usability of cryptocurrency for everyday business transactions, which is why altcoins survived much on it utilities ecosystem other then just hype's.
But with recent development and the memecoins craze of the moment, one may be forced to compare how both drive traffic to the altcoins market and which is more important for long term results.
Utility - this is basic usage of the coin to perform one role or the other in real world.  e.g BNB etc.
Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

[o48o]

Primarily why altcoins market become more interesting is the role their play in the cryptocurrency space which is alternative to Bitcoin and also to help propelling the scalability and usability of cryptocurrency for everyday business transactions, which is why altcoins survived much on it utilities ecosystem other then just hype's.
But with recent development and the memecoins craze of the moment, one may be forced to compare how both drive traffic to the altcoins market and which is more important for long term results.
Utility - this is basic usage of the coin to perform one role or the other in real world.  e.g BNB etc.
Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

What utility BNB serves in the real world that others don't? From what i gather, BNB has only meta utility inside the crypto ecosystem.

All possible "real world" utility with BNB happens via 3rd party services, which can be accomplished with any other altcoin accepted by those 3rd party services. And that includes ton of those hyped tokens with "zero use case". Imho there are better arguments against meme tokens then lack of utility. Because that doesn't really mean anything.

[programmer3666]

The coins that normally last longer in this space are those with real and actual utilities or feasible use cases not all those ones that are only capitalizing on hypes for their survival, so coins like BNB & ETH are built on strong and measurable ecosystem that fuels their relevance and existence in the crypto space, but so many memecoins sorely depend on social media buzz from paid influencers in order to caomouflage to be a good coin to invest in, Hype can surely result in quick and painless profits but technically, investing in utility backed coin is much safer for a long term value.

[Odusko]

What utility BNB serves in the real world that others don't? From what i gather, BNB has only meta utility inside the crypto ecosystem.

All possible "real world" utility with BNB happens via 3rd party services, which can be accomplished with any other altcoin accepted by those 3rd party services. And that includes ton of those hyped tokens with "zero use case". Imho there are better arguments against meme tokens then lack of utility. Because that doesn't really mean anything.

Let not narrow this argument down to only BNB despite that it may lack real world utilities and limited to the binance ecosystem alone for it usage, we have a lot of other coin that give both real world usage e.g XRP and staller, btw BNB also fall into that category as it provides both high utilities in the exchange and blockchain bsc BNB is used for the two.

[Solosanz]

Well despite the altcoins offer utility and use cases, there's no guarantee they will be successful, many of the coins are surviving, but their price keep declines. ARKM was the example, the project has a use case to track blockchain transaction and ownership, but now the price is just $0.2, the ATH was $3.

Let not narrow this argument down to only BNB despite that it may lack real world utilities and limited to the binance ecosystem alone for it usage, we have a lot of other coin that give both real world usage e.g XRP and staller, btw BNB also fall into that category as it provides both high utilities in the exchange and blockchain bsc BNB is used for the two.

Although Stellar might be the cheapest network for dApps, but most people aren't interested to use Stellar, which I think the project is failed.

Any native tokens are supposed to give discount/benefit for the users to use their exchanges, no need to mention this one.

[TastyChillySauce00]

Primarily why altcoins market become more interesting is the role their play in the cryptocurrency space which is alternative to Bitcoin and also to help propelling the scalability and usability of cryptocurrency for everyday business transactions, which is why altcoins survived much on it utilities ecosystem other then just hype's.
But with recent development and the memecoins craze of the moment, one may be forced to compare how both drive traffic to the altcoins market and which is more important for long term results.
Utility - this is basic usage of the coin to perform one role or the other in real world.  e.g BNB etc.
Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

I'd like to say that utility is important. But so far I can only see hyped coin going up. $ASTER is an example. $ASTER as a token have minimum utility beside governance and there's nothing going on yet the price rose up so high from the TGE because it was hyped.
Even the token basically have no utility within the perp app beside being used to reward traders which means more emission that should be deemed to be bad because more coin in circulation means more selling pressure.

Frankly the only real utility for a coin is being used for gas but majority of L1 besides the popular one tanked so hard such as $ATOM and many more. This kinda make me realize that hype is what drives traffic and value and not necessarily can considered to be below utility.

[Odusko]

I'd like to say that utility is important. But so far I can only see hyped coin going up. $ASTER is an example. $ASTER as a token have minimum utility beside governance and there's nothing going on yet the price rose up so high from the TGE because it was hyped.
Even the token basically have no utility within the perp app beside being used to reward traders which means more emission that should be deemed to be bad because more coin in circulation means more selling pressure.

Frankly the only real utility for a coin is being used for gas but majority of L1 besides the popular one tanked so hard such as $ATOM and many more. This kinda make me realize that hype is what drives traffic and value and not necessarily can considered to be below utility.

$Aster is one coin that have made a lot of news lately, and to that effect we have put in a lot of work to unravel what may possibly be the future reality of that coin and how long it can hold on to the current hypes around it market, but note hype can provide long term liqudities which is why majority of the memecoins never last for long in the market no matter how high their started with.

[aysha9853]

Hype is good for traders, utility is better for investors most memecoins are driven by narratives and influencers not by demand for the product itself once early buyers exit, late buyers are stuck.

[nelson4lov]

Hype is good for traders, utility is better for investors most memecoins are driven by narratives and influencers not by demand for the product itself once early buyers exit, late buyers are stuck.

Yeah, when the hype is over, anyone that haven't sold is forced to remain a bagholder for life. That's the thing with projects that are built ultimately on hype. There is almost no reason to continue holding when the hype has died down. And given the fact that there's no utility or any use case for the token, the only way to go is down. It's just the rules of supply and demand. Hype is temporary boost that doesn't last.

[coin-investor]

There will never be a time when a coin stays on top of the market because of hype; utility is everything for a coin to gain investor support.

All the top coins in the market have utility; a coin cannot sustain its existence solely on hype. They may pump, but once the price drops, the price will eventually go to zero.

It's attractive to invest in coins that are gaining hype, but if you want a sure, long-term profit, go for a coin with usability. Just take the example of Ethereum and BNB.

[passwordnow]

Primarily why altcoins market become more interesting is the role their play in the cryptocurrency space which is alternative to Bitcoin and also to help propelling the scalability and usability of cryptocurrency for everyday business transactions, which is why altcoins survived much on it utilities ecosystem other then just hype's.
But with recent development and the memecoins craze of the moment, one may be forced to compare how both drive traffic to the altcoins market and which is more important for long term results.
Utility - this is basic usage of the coin to perform one role or the other in real world.  e.g BNB etc.
Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

I've been with the hypes for meme coins and AI coins, they're all a mistake of mine. Wasted money but good thing that I've got my stash filled with Bitcoin and that had saved my losses. I think people who are into altcoins need to think a lot of times before they proceed in it. That's because they will not know which is good and which is not, which are those who are driven by hype and with the real narratives.
Here is a good comparison that I've seen.

[Odusko]

Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

I've been with the hypes for meme coins and AI coins, they're all a mistake of mine. Wasted money but good thing that I've got my stash filled with Bitcoin and that had saved my losses. I think people who are into altcoins need to think a lot of times before they proceed in it. That's because they will not know which is good and which is not, which are those who are driven by hype and with the real narratives.
Here is a good comparison that I've seen.

From the image above you can clearly tell the mechanism behind both coin developments, while utility tokens are dependent on their existing ecosystem to provide security of liqudities through fees and other trading activities that exist within their chain, is quite clear to say that memecions lack that feature and that is why their die when the hypes is off.

[o48o]

Let not narrow this argument down to only BNB despite that it may lack real world utilities and limited to the binance ecosystem alone for it usage, we have a lot of other coin that give both real world usage e.g XRP and staller, btw BNB also fall into that category as it provides both high utilities in the exchange and blockchain bsc BNB is used for the two.

Ok, then elaborate please, as you brought up BNB.

Because i don't see XRP or Stellar giving any more "real world use cases" then BNB. And bear in mind, i don't see "real world use cases" as attributes of most coins, that just are accepted by 3rd party middle man who sells that crypto and gives money to who you were supposed to pay with crypto.

And i am aware of the pilot programs, but i am unwilling to count them as real before they benefit anyone so much that they actually get adopted.

Neither i would count synthetics as "(RW)A", like some people like to represent them. They are nothing new and just represents the value of RWA. And i would even debate if there are any benefit in tokenization of them.

[Wakate]

I will rather choose hype over utility because I know that hype is what is controlling the market and when a project does not have the hype to maintain their liquidity, that is when holders might be thinking to sell part of their holdings because they are afraid that the project could crash and the value of their holdings might depreciate at any time. Utility is not what many holders are looking for.

[Kavelj22]

The coins that normally last longer in this space are those with real and actual utilities or feasible use cases not all those ones that are only capitalizing on hypes for their survival, so coins like BNB & ETH are built on strong and measurable ecosystem that fuels their relevance and existence in the crypto space, but so many memecoins sorely depend on social media buzz from paid influencers in order to caomouflage to be a good coin to invest in, Hype can surely result in quick and painless profits but technically, investing in utility backed coin is much safer for a long term value.

I think i wouldn't surprise you to tell that many think it's major cryptocurrencies, their real value calculated by its price in the market are measured by hype. I can't mention even one or two of these few mentioned valued by utility. Who ever talk about utility in an growthing market of investment with high risk return in short to medium terms.

[Stormisover]

The coins that normally last longer in this space are those with real and actual utilities or feasible use cases not all those ones that are only capitalizing on hypes for their survival, so coins like BNB & ETH are built on strong and measurable ecosystem that fuels their relevance and existence in the crypto space, but so many memecoins sorely depend on social media buzz from paid influencers in order to caomouflage to be a good coin to invest in, Hype can surely result in quick and painless profits but technically, investing in utility backed coin is much safer for a long term value.

What validates any coin is it's utility hypes without validation is equal to nothing, the camouflaging we see all time are marketing strategies to get public attention and as well getting enough of what will be liquidated over selfish reasons and in most circumstances it is the newbies that falls prey to this because majority becomes ignorant of what is meant to be the concept of doing proper personal research and it's important even though it doesn't give a 100 percent guarantee but it reduces chances of falling of victim of had I know.

[Ayers]

Well despite the altcoins offer utility and use cases, there's no guarantee they will be successful, many of the coins are surviving, but their price keep declines. ARKM was the example, the project has a use case to track blockchain transaction and ownership, but now the price is just $0.2, the ATH was $3.

However, a sharp drop in the price of an altcoin doesn't necessarily mean the project has failed. If it remains listed on top exchanges, has good trading volume, and especially if the development team is still actively working and striving to improve it. It's too early to conclude that this is a failed project. Furthermore, as we all know, the cryptocurrency market is cyclical, and many altcoins have fallen 90-95% in bear markets before surging 10-100 times in subsequent bull cycles.

Similar to ARKM, it's too early to say that it has failed.

[MArsland]

Utility - this is basic usage of the coin to perform one role or the other in real world.  e.g BNB etc.
Hypes:- this mostly happened in memecoins categories and a recent trends, this is just the dev team pushing the coin to investors face by way of aggressive social media promotions and hype's with zero user case or and working project to support their existence.

Imo utility without hype is low and similarly Hype without Utility is obviously bad. So if a crypto proejct is able to show promising utility and is fueled with the latest narrative hype then that's much better. That's why instead of choosing between Utility and Hype I prefer both in one project because it has more injections from big investors.