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

[Chumzy]

I think it is important to first have an analysis framework to guide you. Without that you might just be making un informed decisions about the coin. Take your time to read the white paper of the coin and what it is all about.

 

[Eodine]

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.

I was not really aware of this so that you for this useful piece of information. It is important to note that the higher the demand for a coin, the higher the chance it gets at improving in value which is what investors want to see.

 

[Dowenship]

The moment you realize that its becoming well known among traders and for close to a month its rises least then its potential.

Quote Of the today!
Don't depend on people to survive! Depend on your self and I Am, he will surely help you.

 

[Youngimisim]

When you use wisdom in everything u surely got result.

 

[ahmedo24]

If you check the market capitalization and trading volume it will tell you the performance of the coin, if it is high and the use of the coin is also very important then you can invest actively in the Coin cos it safe.

 

[Billy]

Personally, the single most important factor that i consider is the use case. Crypto with no sustainable use case is hopeless.

 

[Mostee501]

You have hit the important point, before investing in any of the cryptocurrencies,one should carefully make researches on the particular digital coin he/she is about to invest in, because not all digital coins has that potential of reaching that heights you think it will reach.

 

[Dowenship]

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.

What will have a great tech that is among the best which makes them a wise speculation. A great tech that is among the best, i don't quite get that but anyways what i do is bitcoin for now still looking for a method to utilise for other coins with potentials.

 

[Sincerem]

The market capitalization value is one of the factors i consider mainly when choosing a coin to invest. It makes me understand that the coin is on steady demand and supply. Meaning, it has every chance to grow exponentially and bring profit.

 

[Akinwale701]

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.

With the look of things, little is known about coins with huge potentials... a coin can perform well this week and later start to misbehave. no one can actually say.

 

[Ehizzy1]

The factor to consider is that most altcoins do have company or project behind it, you can check if the company are doing anything to help improve the coin demands

 

[Jumoke12]

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.

Conversely, the huge potentials of a coin is known by the rate at which the increments takes place. it pays to pay more attention to that than anything.

 

[Hopey]

When monitoring a a coin that i intend to buy i would first study the coins progression over time. But i prefer to buy from the already popular coin than to buy those new coin for fear of losing money

 

[Erik4150]

Before identifying a coin with good potentials you must first consider the market cap for the coin. The market cap is what will determine the future of the altcoin.

 

[Richard92]

One of the factors to consider why considering altcoin is the price rate and also its exchange rate in the market you can also consider the popularity and how far investors are interested in it.

 

[Senator]

Lookout of the altecoins is listed in the coin ranking platform. You must look at the transaction volume per day on that coin. And the exchanges it is been listed on for reputation

 

[nimzy]

the best way is to made a delegent and cogent survey about what platform you really want to invest so that you may not be at risk.

 

[IamDozzy]

I think the best factor to consider is the potential of a whale investor jumping on the altcoin to trigger a bullish run. If one sees the altcoin has a good potential then it's best to jump on it before it starts pumping. A very good example is Dogecoin.

 

[Chibson]

There are some criteria I consider before investing in altcoins. I first of all look at the coins recent performance ranging from months to weeks and days. I also look at the market cap and the team. I want to look if they have social media presence.

 

[GIFTMICHAEL]

Keeping close eyes on different altcoins, low value ones, and following trends around them to discover their potential. I get most of my crypto info via a group i joined on social media. They supplied me with information on coins with great potentials to make big jump in next couple of months.