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!
to make Altcoin so valuable it is necessary to increase coinage to make Altcoin's price and value so high. so it's nice to support Altcoin right now and make it worthwhile. because usually with a coin that has a value and a fairly high price can be said a valuable coin.