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

[Kingstone]

I don't understand how my friend usually predicts the future of a coin. The guy is so good. I only ask him if there is any recent update about altcoins. Recently, he told me to invest in ADA (Cardano).

 

[Dagm1]

Thinking about altcoins ought to be actually performed in the manner of their potential prospective, exactly how effectively they've manage big cost-effective swindles as well as information a decoration their general high top premiums like personal privacy as well as various other things. The need will certainly likewise be actually an indicate admire.

 

[Queentener]

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..

Ok, didn't know, thanks I appreciate you responding, some people won't. So I can call BCH an altcoin too? Which coin can you advise I invest in?

 

[Thinker009]

I think one factor to consider then is the market cap and volume of the coin , I think through this extent you could analyse and know the potential of altcoins I think

 

[Chibson]

It's always very important to consider the market cap of any altcoin you want to invest your money on. Looking at the team is also important.

 

[Sincerem]

Their are numerous coins in the market, if you can predict fine you can simply make huge profit around the lower rated coins in the market.

 

[GoldenLady]

Ok, didn't know, thanks I appreciate you responding, some people won't. So I can call BCH an altcoin too? Which coin can you advise I invest in?

It's always advised in cryptocurrency to do your own research. I would suggest low cap coins with good fundamentals. Coins on the Solana ecosystem are doing great and have potential.

 

[Heatman]

If you monitor the trading market very well, you will definitely know when you are supposed to trade and not to in order not to get into serious loss that most people do.

 

[Aaron625]

Factors like coinmarketcap ranking of the altcoin , it's price , it's whitepaper and project's purpose , the founder of the coin and his achievements , trade volume of the coin and the exchange where it is listed can be considered before choosing a right altcoin to invest and make profit.

 

[Queentener]

It's always advised in cryptocurrency to do your own research. I would suggest low cap coins with good fundamentals. Coins on the Solana ecosystem are doing great and have potential.

Through Google search right? But you know some site might give positive reviews all because people where paid to give such reviews, anyways I will still make my research, thanks all the same.

 

[GoldenLady]

Through Google search right? But you know some site might give positive reviews all because people where paid to give such reviews, anyways I will still make my research, thanks all the same.

There are people on Twitter who give good information. One of such is called Homeless Bitcoiner. As a beginner, it's hard to determine good projects yourself, it takes time and experience. I follow him and try to learn along the way.

 

[Riciakenosha]

Research and genuine confirmation Because it's very important that we consider the confirmation that we have experienced in the past

 

[Lens]

Based on the volatility of the cryptocurrency market we would be very wrong predicting the price mo movement by the market capitalization. I think the bases of choosing the altcoin is should be the number of the hodlers. The cryo holder play a big roll in price determination.

 

[Senator]

Altecoins with huge potential for the future will always stand the taste of time in remaining very relevant in the cryptocurrency market. They are coins that created to solve a particular financial situation and are living up to that task

 

[btaliat]

I do look at the performance of a coin and bdkc if the coin can grow all itself without anyone hyping it or some investors trying to hype it for their gain.

 

[tuna89]

Th

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.

Thanks for these information, i can always relate to these when issues arise as regards adoption and client situations. A major part of tech and b2b.

 

[Ceeny007]

What I learnt from a renowned crypto trader is that you should consider what kind of project the coin is being anchored on

 

[nimzy]

There are a number of factors to be considered but to my advice it's more valuable to embark on research because when you embark on a research you have a better knowledge about put particular altcoin to choose

 

[Setho]

You should be able to check the market cap of that particular coin. You should also check the circulating supply and the projects that are backing it too.

 

[ahmedo24]

The history of the developers behind the coin is also a very important factor, how many successful projects have they carried or be a part off , what are the use case of the coin.