At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?
Utility is important, but there are many other factors to consider when choosing an altcoin. hype, community, development team and their project progress. all these things should come to your attention. Hype is important because it determines how popular the project you invest in is. community, the bigger the project community, the bigger the fundamentals. development team, experienced and professional team is preferred. than those who think only about money. and finally the development progress. This is what determines whether the project is worth investing in or not. a project that has no progress just won't survive. such projects rely solely on the hype to pump their coins.