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!
I consider hype is the most important factor when choosing alts. Based on my true story, I have invested in the token with and without utility. The one without utility has the biggest hype, but the one with has the most utility. Surprisingly, my utility token does nothing for me, while my non utility token gives me huge return.
Then, i consider hype is the most important factor to help you generate some mone. I don't really care what utilities, how good tokenomics, or how professional the team behind it. In fact, meme token doesn't have it all, yet they surge even higher compared to the majority of utility tokens in the market.
And for me, hype is everything in crypto.