A soft cap is the minimum needed for the project to proceed and a hard cap is the amount that they will accept no more than. For instance a soft cap could be 10 million and a hard cap 30 million meaning if the project does not attain 10 million it will not proceed and also if it reaches 30 million no more can be contributed.
Precisely. What soft cap and hard cap means. I prefer basing my investment on the successful coins that barely hit or has hit the hard cap to be on the safe side of investing.
What is the difference of hard cap to soft cap? Did we base on this if we are going to invest in altcoins? Share your comments.
IMO, we can base on how the projects ICO is doing through its hard cap and soft cap, if it has a decent amount of investors investing in it we can safely assume that if it launches in the market investing in it will be worth it. Personally before I invest my money on any new tokens I would look on its past crowdfunding if it has a decent amount of funds that supported it. So yeah, basing on soft cap and harp cap is definitely worthwhile to know whether it is a good investment or just another sh*tcoin.