Post
Topic
Board Speculation (Altcoins)
Re: What are the criteria for choosing altcoin
by
Odusko
on 17/04/2022, 21:00:58 UTC
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?
each of us has our criteria for choosing Altcoins, but I personally still choose the top coins that have high volume to be able to remain in the future, even though the opportunity to take profits is small but it is very worth the risk which is also small.
the utility is of course the main factor behind other factors.
High volume is very important but not as important as the team behind the project, how can one know how long a high volume coin in the market will remain on the first will of the chart if you can't point to the utility of such coin and how persistence the team are toward the development and growth of the coin.