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!
To be honest with you, investment in altcoins is like a tiky time bomb that is always waiting for your money before they explode. Take a tour around coingecko and see for yourself the coins thag were launch this year and the ones launch in the last Q4 last year, they are down to something I don't even understand because they were built on hype and it has faded and the surprising thing is that majority of investors don't really care about what the project can offer them but the profits.
All things you mentioned is very important in a coin but hype is needed in minimal form so that people who loves opium don't have to run away because that's what they do these days. Once they are done with their profits, they sell and move to the hype projects, no body really cares what the team is building or what is the value the project will add to their coin. They are.just after 3x from one projects to another.