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

[Kelly5]

Certain statistics about the altcoins can be gotten from a reputable exchange of your choice. You look at the price of the coin first. You look at the number of holders the coin has. You look at the daily transaction volume of such coin and lots more to tell of it actually holds some value for the future

 

[FreshKaz11]

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 hope to see more about the review of this coin before investing in it as well. Although I have my favorite crypto currency coin of which I like and always like to invest more into but I will also give a try on this coin as well.

 

[Chibson]

Investing in cryptocurrency is one of the latest ways of making huge amount of money within a short period of time.

 

[ahmedo24]

The coin White paper, the market capitalization, the number of coins holders, number of address and age of transactions on BSC or Etherscan, these factors help Alot.

 

[Kelly5]

One of the factors I think we should be concidering when thinking of cryptocurrencies that has a very high potential is the problem that coin is out to solve that will make it's adoption unpressidented.

 

[Senator]

Keeping an eye on the trends of the coins of your interest. There are certain closed groups as well that help in following the trends on the altecoins. You can see the trends of these altecoins too from major exchange platforms too.

 

[Nomad]

It is really difficult to say which coin will actually go high. I was thinking litecoins or bitcoins will go really high, but these coins did not go up as I had expected.

 

[Senator]

The design of an altecoin is very important. Is he altecoin attractive and catchy to the eye? What type of project does is behind the altecoin. Does it solve any particular problem? Etc

 

[Chibson]

There are some certain factors that indicates that an altcoin has a very good future. I usually look if they have any social media presence because that will go a long way.

 

[Kayzzy3]

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.

The first I probably and usually consider is the project behind the coin, to make sure its not a scam or useless coin.
Most altcoins are created out of enthusiasm without a project or plan for the coin, this is a very dangerous place to put one's money as it may just be another bad investment.

 

[tyrim88]

One thing this is very good to look out for in altcoin is the review of that coin,as this will give you a glimps of the prospect,their stability in the past months or years and the capitalisation and the review of people about the coin is somthing to look out for.

 

[Josemendez]

With the little knowledge I have heard from my interactions with some other altcoins , factors like maximum supply , the reputation of the coin behind it and most importantly whether the LP is locked or not.

 

[Ayokex]

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.

History they does repeat itself in business especially in an online business. If you want to trade forex or cryptocurrency there is no way you can succeed without riding on the history. What I do is to first check on what has happened to the coin in the past and what is happening presently.

 

[Trexxxy]

Well I think there are markers that you can look out for especially when you want to invest in an altcoin. Market value also you can make use of indicators as well .

 

[Sotherefore]

Most cryptocurrency with huge potential has a lot of characteristics and these are the most important things you should never overlook when researching on a coin with the best potential, total supply and maximum supply is the best thing to look for.

 

[ahmedo24]

If a coin has a Launchpad, a blockchain network and other values it stands to solve or possibly an exchange platform you will discover that such coins grows as fast as possible because of the potential in them.

 

[Kelly5]

Factors to consider before deciding on investing in altcoins are: who are the people behind the project. Does the coins stand to solve any particular financial problem as a reason for it's creation?

 

[Prettyjanie]

For me, one of the things to look out for, is how the altcoins has fared in the last three or four months. Knowing that the cryptocurrency market witness new coins daily, and some die out. Sometimes I buy some coins and guess they will do good in the future.

 

[Delight]

About from bitcoins and ethereum I do not invest in other cryptocurrency again because I consider them as unfit cryptocurrency, I might invest in lots of them when I have much understanding about it. But for now I don't know.

 

[Haveit]

Before I consider any coin, I must have taken a close look at the coin, the way it rises and falls and it's trend in the market and what people are saying about the coin.