How To Pick The Right Altcoins To Invest In For Maximum Gains


Many Altcoins have seen massive gains since the start of 2020 like Chainlink, Zilliqa, Nimiq, Cardano, Band Protocol just to mention a few. Most people missed out on these because they weren't informed well enough or were just too sceptical or even FOMOed in late. Finding the right Altcoin to buy requires deep research but I'll highlight the key things you should take note of.

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1. Choose your Niche (Use Case)

Cryptocurrency has been growing a lot lately, now we can find a corresponding cryptocurrency project in every aspect of our lives like Health, Finance, Gaming, even in everyday Business. It's left for you to choose the Niche and the type Cryptocurrency you want to invest in. For example, Let's talk about the gaming industry. Cryptocurrency promises to change the world, but it might start with games. The ubiquity of microtransactions in modern video games makes the industry ripe for a crypto insurgence. With gamers spending an average of $85 each on the (free-to-play) game Fortnite, generating $300 million a month for the game’s creators. An example is Ultra (UOS), Ultra describes itself as a blockchain-based, PC game distribution platform designed to provide both gamers and game developers with new opportunities. Ultra aims to become the leading games distribution platform and ecosystem, which will make their blockchain one of the most widely used across the world. Ultra has seen massive gains in the past 90 days, it moved up 220%. This is my favorite Cryptocurrency in the gaming industry, there are other Cryptocurrencies like Enjin, Theta, Wax Protocol, Dream amongst others.

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2. The Project's Team and Development

While doing your research, You should pay more attention to the project's team and it's development. A good project should be constantly developed with the team rolling out different updates and different improvements concerning the project. This is where GitHub comes into play. GitHub is an open-source platform, and the community is really what fuels it. There are millions of programmers and hobbyists that download, review, and evaluate each other's work. Moreover, GitHub is the platform of choice for developers, from various large corporations, too. Microsoft is the number one contributor to the system, but there are also Google, SAP, AirBnB, IBM, PayPal, and many others.
The cryptocurrency project should also have a team comprised of individuals who have background in the space.

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3. The project's Community

How big and how active the Cryptocurrency project's community is should be one of the first things you should look out for. There are many social media communities like Twitter and Telegram. While researching on a Cryptocurrency, you should just bump into it's social media community and see how active it is. Are users interested in the Cryptocurrency's technology? should be a question that comes to your mind when you check a Cryptocurrency's community.

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4. Market Cap

Basically, i love to look for altcoins below the $10 million cap range, these altcoins can 100X at any time. A coin with a low market cap gives it the space to multiply in price.

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 5. Exchange Listings

A listing on a popular regional exchange can also have a profound impact on price of a Cryptocurrency as it allows investors to invest and withdraw profits using their own local fiat currency. If a Cryptocurrency is listed on a well known exchange, it will lead to more exposure of the Cryptocurrency and that will lead to more adoption and Partnerships.

While doing your research with those things in mind, you should be able to find that next Altcoin to Invest in for massive gains.

PS: This is not a Financial advice, the motive for writing this article is to make you do more research before investing in Altcoins.

 

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Harry Davies
Harry Davies

A Blogger, I love Cryptocurrency. A Crypto Enthusiast


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