Post
Topic
Board Altcoin Discussion
Re: What really makes a cryptocurrency successful
by
Boomber
on 22/05/2021, 23:30:41 UTC
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

in my opinion what makes cryptocurrency successful is :
1. the project team is very active and always provides information about the progress of the project
2. the concepts and ideas of the project are very good, so that they can attract the attention of investors
3. have a good partner, so that makes investors sure to invest in the project
4. often make AMAs, so that many people know about the project
5. listings on major exchanges (Binance, Coinbase pro, Kraken, etc.), so the volume of coin is very high and the price will definitely increase