Re: What makes a altcoin valuable

I'm developing an altcoin that is based on social sharing. What foundational technologies are going to make it the most valuable? What makes an altcoin valuable? I'm wondering if it is just how much people hear about it? Thoughts?

More than technology or usability, its speculation or we can say community awareness which determines price. I have seen many ICOs not even launched their product or service but still coin price went 10x the ICO price just on the basis of investors' speculation. For instance, check POWR.

Let me give you example, Apple shares decreased horribly the day Tim Cook announced 20% fall in Apple China's sale!

Same theorem works in crypto world too. Coin is wholly owned to open market and its price fluctuates hugely by buzz and FUDs!

So would it be smart to launch a cryptocurrency into the market as a sharable currency before establishing an ICO? If the proof of concept is already working, would the ICO be better? I mean if the community is already there?

a very high price can be a considerable advantage. because indeed for the price of the highest coin becomes a big enough profit in the future. so as to become a valuable coin. so also with Altcoin which has a high price will be very profitable by having Altcoin which has a high price.