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

[Adecyptii]

Considering the fact that I don't know much about crpto coin,but I think first you to know the rate of the coin previously and its current rate.

 

[Blessedsam60]

But actually there so many factors to be considered in altcoins. Some of the are; do not rush and purchase more when they just launched them, also try to consult an expert in crytocurrency for a forecast on the altcoin.

 

[Sotherefore]

Some of the research I did is really complicated on when to identify a coin with this nature , first I will check the strength of their online community, the total supply of the coin is to be put into consideration.

 

[HayKay]

You're absolutely spot on. Where you talked about doing a personal survey last where you'll get a lot of information about those holding it and those who would get on the project more.
But one needs to be sure about the future of the coin first. So you don't get birth

 

[Elfinito]

Altcoins sometimes can be scary to invest on but in the other hand, they always come out as the best coins because when new trailer jump into it Market, it always gain a good boost

 

[greenie]

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.

 

[Kaffyfolla]

Community. Another important factor is the community. Always check with Telegram/Reddit of a project you’re looking at. Everything might look great from the outside but be rotten from the inside. The community is a group of silent coin ambassadors and if most of them are unsatisfied with where a project is heading it should be a red sign for you.

 

[kayode10]

The first thing you're going to do is to research the brain behind the name coin which ones to enter the market. you need to dig out their track record to see the number of coins they have launched with other people. This is a good indicator that they can you want to invest into is going to be profitable.

 

[Kaffyfolla]

I think 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.

 

[Grandeur]

To identify a coin with huge potential, one just simply check its chart history that is how it rises and falls and this can be seeing by clicking on such coin on binance. A coin with good volatility would be a good coin to invest in.

 

[Syldan]

Cryptocurrency trading, is a very flexible form of trading which requires someone with the potential of understanding the various forces of market demand. The value of the coin at a particular time, determined it potential.
Well I don't know much about this particular topic but I have learned alot from the information you have given about how to identify the altcoin with positive potentials.

 

[Ononivami]

To know if an altcoin is very promising. I will look at the technical analysis to check the behaviour of investors towards the coin. Most especially, the candlestick pattern will give you a desirable result.

 

[Sotherefore]

Some coins with Huge potential is likely to have a very strong online community. Another thing that should be put into consideration is the total supply of the cryptocurrency , most shitcoins are likely to have billions of supply.

 

[Syldan]

Yku gave out and interesting point which will helped alot. But you most also try to consider or check out it records in the previous month of trading either successful or not. It competition with other coins.

 

[Ononivami]

If you look at the table of the cryptocurrencies, you will discover that the price of the cryptocurrencies doesn't determine its position. What determine the potentials is the market capitalisation.

 

[Setho]

An alternative coin is any coin apart from bitcoin and they are usually invested up on because of big gains. I usually consider utility a lot whenever I am making any substantial investment in a cryptocurrency and also the white paper.

 

[Sotherefore]

An alternative coin is any coin apart from bitcoin and they are usually invested up on because of big gains. I usually consider utility a lot whenever I am making any substantial investment in a cryptocurrency and also the white paper.

It is not all cryptocurrencies that belong to the alternative categories are really are really good, most times proper research is just what you can used to identify those with huge potential , that's what most people are doing.

 

[Lens]

The market capitalization is one of the things that must be seen . It should be a reasonable amount to show that people are using it . That is the major criteria and the necessity.

 

[Syldan]

Actually there are several things to consider but I can only comment on the market value of the coin at the time of investment and also the record of transaction on that particular coin.

 

[Setho]

A utility and the community surrounding it is one of the things that I take in high regard when I'm considering coins to buy. I also look at the white paper and check for any incoming token unlocks that might dilute the market.