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!
For me its both utility and hype. Hype generally mean quick profits, they don't have to be a good coin. And with utility, you are always right on long run. Hype sometimes might be deceptive but utility never disappoints you. And when you research about the utility and the fundamentals of the coin, you'll be able to successfully chose a winning coin. For example if anyone buys Ton coin at current price of around $7.9, its almost sure that this coin would make you x2 within a couple of years. But with hype, the coin may make you x10 in a few months or you would lose your money.