When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
I've been speaking to friends in the crypto space to hear their opinions on this, and they vary widely. For example, take Well3, a leading wellness platform that revolutionizes health data management by transforming it into valuable rewards. They have real-life applications and partnerships with companies like Animoca and Samsung. However, I’m not seeing much about them on Reddit, Medium, or even Twitter. Instead, most of the discussion online seems to focus on memecoins or obscure altcoins.
So, what factors do you consider most important? Let’s discuss!
We all know that altcoin is not for a long term hold, at least only the top 10 might be good, but the rest is just for pure hype and pump and dump and so it's hard to look at what factors we need to so it really depends on each on us here.
And for sure, there could be guys that are really for a short term profit and to flip as fast as we can. And so if this is the case then it's more on the hype itself and after the hype has died down, we go on the next and the next, so for sure you know what at mean. How many of us read the whitepaper or do investigation? None, so I guess majority would agree that it's more on the hype itself.