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

[Sotherefore]

the uses of the cryptocurrency is one of the things I consider when I am identifying a cryptocurrency with good potential, a cryptocurrency with a good uses will be the best cryptocurrency to invest on, that is how I research about my own.

 

[Senator]

Checkout who are behind the developers of such type of altecoin. How is the coin fairing in the general cryptocurrencies market among the major pairs? And a lot more factors

 

[Justin]

I am not a crypto expert and I do not know how we can identify any coin with huge potential. I guess you will have to look at the price history to understand the real value of the coin

 

[Richard92]

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.

Why are the factors to indicate and to be considered when considering no identifying an altcoin, is it period of appreciating in the cryptocurrency market.

 

[Emmado]

I will only advise people to invest in bitcoins for now until they are capable of doing a research about any altcoins that will give them what they need, most of them are not trusted that is why I only invest in BTC which is bitcoins.

 

[ahmedo24]

I will only advise people to invest in bitcoins for now until they are capable of doing a research about any altcoins that will give them what they need, most of them are not trusted that is why I only invest in BTC which is bitcoins.

there are lots of altcoins that are very reliable and have strong profile and modulus of operation check for instance ethereum cadano Ripple and many of them like that they are coins people can invest even at the moment.

 

[Emmado]

there are lots of altcoins that are very reliable and have strong profile and modulus of operation check for instance ethereum cadano Ripple and many of them like that they are coins people can invest even at the moment.

It has not been more than 2 weeks ever since I was introduced into cryptocurrency and I'm still researching more on crypto currency and how it work, with time I will understand all this thing but for now I am afraid.

 

[ahmedo24]

It has not been more than 2 weeks ever since I was introduced into cryptocurrency and I'm still researching more on crypto currency and how it work, with time I will understand all this thing but for now I am afraid.

I can say you joined the cryptocurrency league at the right time because if you invest now that market is in a bearish moment possibility of making huge profit with time is high.

 

[eLdavis]

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

In other words you mean you should take note of top investors and what they have to say about such coins. This is a good method tho and very easy to use. A coin with potential can be found out based on its performance and the number of holders it currently has.

 

[Chibson]

I look at the number of holders of the coin because that is very important. when there are reasonable number of holders then there is a possibility that it will really do well in the nearest future.

 

[Emmado]

I can say you joined the cryptocurrency league at the right time because if you invest now that market is in a bearish moment possibility of making huge profit with time is high.

I believe so but I might not go into investment now until I understand fully what cryptocurrency is all about ,people are losing much in cryptocurrency because they do not have what it takes for them to invest and trade.

 

[Kunkun]

Well for me I would pay attention to its transaction fees, if they are too high like for ethereum then it's not too good for me compared to altcoins like litecoin and dogecoin

 

[Setho]

I think that you should first check what the coin was created to solve, the projects and people backing it then you proceed to check the white paper for information.

 

[Immilash]

The the building and sell it it when is low low and and sell sell it it when is low and and sell it when the thing was a house as for me because it also was so

 

[Sincerem]

I use many crypto update sites to keep my eyes steady via the prices of the coins to find out those ones that are suitable for investment.

 

[BrolySSJ]

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 think that another great thing to look at is the future of the coin, and what they predict and what sort of advertising is being used. If there is a lot of effort to advertise the coin then it shows that they want a lot of peopel to know about it and this will increase the demand and its price as well.

 

[Queentener]

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.

Please what is altcoin is it the same as cryptocurrency coins or is it new please can you explain I'm seeing this for the first time or is it that is is cryptocurrency but you decide to call it altcoin?

 

[Chibson]

There are a lot of good altcoins that have wonderful use case and market cap. There are also others that doesn't. I always look at the White paper and the technology behind it.

 

[GoldenLady]

Please what is altcoin is it the same as cryptocurrency coins or is it new please can you explain I'm seeing this for the first time or is it that is is cryptocurrency but you decide to call it altcoin?

An altcoin (alternative coin) is any coin other than Bitcoin. Ethereum, doge, binance coin and any other coin. Altcoin is the name used for all of them generally when you want to exclude Bitcoin..

 

[Chizfab]

There are series of researches to do before one can determine an altecoin with potentials. Those researches can be very tiring, stressful and a bit tricky. It takes a smart person with a bucket of patience to get it right.