Post
Topic
Board Altcoin Discussion
Re: Factors to consider to pick the best altcoin
by
SirLancelot
on 08/06/2019, 09:52:47 UTC
Not a newbie but new in the altcoin space. I'm trying to find out some altcoin to invest a little amount. Suggest me some factors to consider before picking a coin. I am holding BTC and ETH as of now.
I think mainly what people do is make their choices based on popularity of a coin. A lot of people will always go for ethereum whenever they talk altcoin, and that's because Ethereum is already popular so they don't care what ever, all they know is that it is popular and everyone likes it, so they are going for it. Well, ETH is usually a good choice to make, cause it is one of the altcoins that sometimes won't disappoint. If you're choosing an altcoin you should consider the competition on related coins and potential wallets. Another thing is available market and the development team.