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!
My investment would really be divided on several bags.
1. Meme coin bag
2. Long term bag (Utility based)
We do know that when it comes to meme coins then it would be ideal that you shouldnt be holding up for too long considering that these coins are really just that easily get rugged.
On the moment that you've seen that there's a strong community hype and support then you could really take up some risks on buying it but of course we do know that it wont really be
giving out that guarantee that you could really make money if ever it would be making up some pump. If it turns out that it did make out some moonshot then lucky for you
but if not then you would really be ending up on holding tons of shit coins in your bag.
When it comes to long term bags which is mainly composed with BTC along with some top altcoins that we do have in the market. There would really be that
a specific division in between long term solid projects and with memes. Important thing is that you do know their differences.