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
There are several factors that make a coin or token successful in the market, one of which is demand, promotion, the influence of great people and a good team working here, this is a more logical reason when compared to other reasons, because these factors are not born by themselves, this automatically well prepared and well prepared.
Isn't economics always used everywhere, demand is very influential on its value, promotions can ensure people know the tokens and coins, thus making people believe in them, the influence of people is great and this is evident in dogecoin, the effect that Elon Musk says or criticizes makes dogecoin become rise, even if only temporarily.