When picking altcoins to hold for the long term, what do you look out for the most: utilities, team, hype, or tokenomics?
So, what factors do you consider most important? Let’s discuss!
Honestly, it depends on my budget because if you look for the current coins that have more hype than the others, you are required to know when to sell it because, after the hype, the price might not return to its peak again, therefore selling it at the right time is the best thing to do.
But if I want a long-term investment, especially for the coins that have been there for years, all I want is team dedication and their Tokenomics to secure my capital in the long run because I can't see myself investing in random coins without these main factors, I might just lose my money if they had failed to improve it and don't pay attention with it.
Overall, they need to have healthy liquidation and consistent updates and developments to make me invest in their platforms, that's why my wallet only consists of a shortlist of cryptocurrencies.