Post
Topic
Board Altcoin Discussion
Re: What did you look out for before investing in an altcoin?
by
adzino
on 27/08/2021, 21:32:32 UTC
What do you usually look out for before picking tokens/NFT project for mid-term or long-term investment?
1. team behind the project?
2. type of blockchain?
3. real-world use-cases?
4. partnerships?
5. period of existence?
6. Stability of the token/NFT project(https://t.me/emit_protocol)?
1. Those team behind the project might be fake. Even if they expose themselves to the public, there is no guarantee that the project will be successful or they are here not to scam people. Influential persons are the ones that can manipulate the market. Don't forget about that.

2. Not sure what you mean by this..

3. One of the most important factor over here. You should also make sure that the "real world use case" is actually possible to achieve. Not something they just wrote on a white paper.

4. We have seen price skyrocket once a good partnership has been announced. Would not rely on this since the hype usually ends in few days.

5. Matters a lot. If they existed for a long period of time with active development, then yeah, give it a shot.

6. Trying to shill for something over here?