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 honestly don't choose altcoins for longer term. The only exception is ETH. In the past, I had some XMR for long time. Altcoins are not much useful for investment unless you understand the hype around it. So I am sure no one chooses altcoins for utilities to be honest.
Obviously exceptions are there! Some altcoins do have utilities as mentioned above. But majority of them do not have any utilities. It's mostly a pump and dump game!