Post
Topic
Board Altcoin Discussion
Re: What really makes a cryptocurrency successful
by
guydin
on 01/08/2021, 04:55:54 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

You are right that innovative ideas and a good team are not always a clue for success, nevertheless, it is also important. But in addition to this, we should pay attention to the situation in general: the price of Bitcoin, trends on the market, and marketing campaigns. As the better advertisement is, the more people are aware of this project, therefore, a lot of investors. Also we should learn tokenomics.