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?
Well, as far as I know, altcoins cannot have utility and be speculative at the same time, so here you need to choose what is more important for whom. If we talk about long-term investments in altcoins, then I believe that utility should be one of the main factors when choosing, because if an altcoin brings utility, then it will be used more, which means its price will go up. Of course, this will not be a quick process, but for that you will have a better chance of making a profit. As for altcoins for speculation, here it is like in roulette, you are lucky or not.
actually we can choose old altcoins that are already good, and of course in the future the funds invested will feel safe. different from new altcoins whose potential has not been identified. sometimes we analyze that altcoins are good, but turn out to be wrong, because many are scams, especially in bearish conditions. I think the best thing to do a new altcoin analysis lies in its fundamental analysis, so that we can get to the root of the project