What are the factors to consider when identifying an altcoin with huge potential?

[WhiteHouse]

The main factor you should take in are the Adoption and the Technology behind it.

Anything that has not exactly 1,000,000 clients or in excess of 1,000,000 in income doesn't have the right to be in the Top 100 or have a market cap higher than $2B, so in case you're investigating purchasing a coin out of the Top 20 and it doesn't have in excess of 1,000,000 clients, at that point it's a horrendous speculation.

And furthermore do they have great tech that is among the absolute best? At that point, they are a wise speculation.

 

[GoldenLady]

One thing I look at before trying any altcoins is it's performance in the last month to three months.

This is to avoid those coins whose developers and investors subject to pump and dump, leaving you with worthless tokens.

 

[Rimsha kanwal]

One thing I look at before trying any altcoins is it's performance in the last month to three months.

This is to avoid those coins whose developers and investors subject to pump and dump, leaving you with worthless tokens.

Cryptocurrencies offer a wealth of ways to get involved in the market. At the time of writing, there are over 6,000 cryptocurrencies traded over 250 exchanges worldwide. New cryptocurrencies sprout every day as weaker cryptos lose favor and retire. The market is exploding. More and more investors, businesses, governments, and consumers are committing to the crypto gold rush.

 

[Nicklas22]

One element to keep in mind when scanning for the next superstar is the price of the token. For the average investor who doesn't have a great deal of money to put into the cryptocurrency space, low-priced currencies may offer the best bang for your buck.

 

[Nurudeen]

The factors to look out for when buying an altcoin with huge potentials is to check the last 3-6 month performance and also check different groups to analyze what people are saying about the coin. If a coin has huge potential everybody will want to get hold of it just like the way investors are jumping into Bitcoin and Ethereum at the moment

 

[Yan]

Considering altcoins should be done in the basis of their future potential, how well they've handle large economical swindles and news a d their overall qualities like privacy and other stuff. The demand will also be a point to look up to.

 

[joy101]

The factors one suppose to look when buying altcoins I should consider their potential future before I can buy anything and think if I can handle it, the quality of it I also check if the coin has huge potential.

 

[Justin]

I have not invested on any altcoins, however, the main factor I consider ia whwther it is listed on coinbase. If it ia available for trading on coinbase, I can simply trust the altcoin. Anothee factor is value. If I see gradual prive increase I get positive impression.

 

[Damscooguns73]

Concerning the factor to consider when identifying a altcoin with huge potential. Well, you can review it growth and volatility from some years or months back just to monitor if it is growing or not, you can also check it value and what is the say of the people the particular altcoin. You can also check their future plans with companies or projects backing them up

 

[Suba]

Besides the main factors such as whitepapers, technology and team, market cap and volume to identify altcoins with great potential, we also need to consider other factors such as measuring Store of Value, Velocity or the speed of circulation of a crypto, and Network Value-to-Transaction Ratio if the ratio high then indicates a potential over valuation.

 

[Ralphjoe]

Nice information that you have shared here, this will help me in identifying potentially profitable cryptocurrencies from henceforth I will check for all these factors before I invest on any coin.

 

[WhiteHouse]

Team and CEO skills. This is one of the most significant part. Nothing beats a solid and notable team particularly in crypto where CEOs become some sort of rockstars or symbols for the local area. What to search for: showcasing aptitude, uproarious names, effective past experience.

 

[Highflyer]

On the contrary, there are thousands of altcoins, some of which are better known than others and many that hold great potential.
...
The top 11 largest altcoins by market cap are:

• Cardano (ADA)
• Chainlink (LINK)
• Cosmos (ATOM)
• EOS.
• Ethereum (ETH)
• Litecoin (LTC)
• NEO.
• Ripple (XRP)
• How to Buy Altcoins: Step-by-Step
  1. Step 1: Determine the percentage of your crypto portfolio dedicated to altcoins. ...
  2. Step 2: Research and find the best altcoin for you. ...
  3. Step 3: Fiat money to digital money (or buy BTC) ...
  4. Step 4: Choose an exchange. ...
  5. Step 5: Find the currency pair. ...
  6. Step 6: Trade BTC for your chosen altcoin

 

[Seun4luv]

Bitcoin - BTC. When talking about the top 10 cryptocurrencies to invest in right now, cryptocurrencies in general or smart crypto investments, all discussions should start with Bitcoin. Litecoin, Ethereum - ETH. Basic Attention Token.

 

[Patrik]

I personally think that the only factor that people should take on consideration is the coin's performance in the recent months/years, if that performance is pretty fine and decent compared to the coin's age, then i would go for it for sure

 

[Peterlight]

For me, I just check the number of years the coin have used and how fare the coin have moved over the years, I then move over to the history, market price, then look into the factors driving the altcoin, if I can't find a good review or history on the coin then I don't think it will be a good coin to invest on.

 

[Goldentaby]

The factors to look out for when buying an altcoin with huge potentials is to check the last 3-6 month performance and also check different groups to analyze what people are saying about the coin. If a coin has huge potential everybody will want to get hold of it just like the way investors are jumping into Bitcoin and Ethereum at the moment

A 'with promise' cryptocurrency, say the specialists. Stratis is a bit like ethereum, but more focused on providing companies with blockchain technology. With the current and well-known C # programming language, developers can create fresh stratis applications and that convenience attracts investors.

 

[Ehizzy1]

I think one way you could use is that you could actually check on the volume of the coin at first , to see if its very active , because there are some coins with a very low volume that when you invest it just doesn't increase to any point but very slow in terms of its increase , another way is to check the company behind the project if they are working towards the improvement of the coin

 

[Kehinde]

Factors to consider when choosing a cryptocurrency for investing in 2020. Market capitalization – the value of all issued digital coins of the particular cryptocurrency. Liquidity level – the higher it is, the faster a cryptocurrency can be sold at the market price.

 

[WhiteHouse]

Pattern is your indicator. As a rule, there's a period of a specific pattern in crypto like NFT, DEFI, or blended. During that time search for projects that have a place with the pattern classification or you may be abandoned. An unsavory inclination should I say.