Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Mega Mind on January 23, 2024, 12:10:13 PM
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
While I was about my research, I recently came across $AVA and it seem to have a thing different from other that could have been overlooked. I found out it's creating a decentralized, interconnected loyalty ecosystem.
What caught my eye is how AVA transforms the loyalty game. Token holders have the freedom to use AVA not only on the platform where they earned it but also on other platforms like Bitget that accept AVA.
Imagine using AVA for rewards and also as a payment alternative. It's like a two-in-one deal. And the governance aspect is pretty cool too. The AVA Foundation is all about making this experience seamless and cost-effective for partner projects.
What's the favourite thing about your best tokens?
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What you talk about involves fundamental analysis and focuses on tokenomics: ecosystem development and the token utility. Fundamental analysis helps you find truly valuable tokens to invest in and limit the risk of rug-pulling or project failure.
I also often follow news about fundamental analysis, the growth of crypto market has created many blockchain/crypto research groups and they really help the community have more reference information about each project, each token. I personally prefer working on token price charts, for me the story of supply and demand and price manipulation models are closer and easier to grasp than tokenomics. I love the story on price chart 😍
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what I am looking for, is a short profit, where the token I buy must provide a profit and I can use it to look for other coins that have the same profit, it is too complicated to research where there is not much time for me who is busy with the household and children
By the way, can you provide details about what AVA you are explaining is? in the form of a possible link so that the data you provide is accurate,
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
While I was about my research, I recently came across $AVA and it seem to have a thing different from other that could have been overlooked. I found out it's creating a decentralized, interconnected loyalty ecosystem.
What caught my eye is how AVA transforms the loyalty game. Token holders have the freedom to use AVA not only on the platform where they earned it but also on other platforms like Bitget that accept AVA.
Imagine using AVA for rewards and also as a payment alternative. It's like a two-in-one deal. And the governance aspect is pretty cool too. The AVA Foundation is all about making this experience seamless and cost-effective for partner projects.
What's the favourite thing about your best tokens?
One of the few Centralised enterprises that deemed it fit to switch to the decentralised scene. I also saw news of thier switch from BEP2 to ERC20 not too long ago on Twitter. Never knew how solid Ava Foundation was until I took out time to read up this week. While there are still some of my little concerns about the token's short term potential, it's no doubt a good one to hold long-term. The unique innovation behind $AVA token obviously makes the foundation stand out among competitors.
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What caught my eye is how AVA transforms the loyalty game. Token holders have the freedom to use AVA not only on the platform where they earned it but also on other platforms like Bitget that accept AVA.
Imagine using AVA for rewards and also as a payment alternative. It's like a two-in-one deal. And the governance aspect is pretty cool too. The AVA Foundation is all about making this experience seamless and cost-effective for partner projects.
What's the favourite thing about your best tokens?
What later happen to the price? It crashes just like other regular coins we have in the market. These coins are hype, some kind of special token lock up mechanism and then make people feel like it's going to be another everlasting coin but just take a look at what the price is saying today, it is now flat without hope, even the volume is low.
(https://i.ibb.co/DCNFWNx/AVA-All-graph-coinmarketcap.jpg)
I don't have a favorite coin when it comes to altcoin because once the investors sell their coins, they are done for that time. They move to another coin for another pump that will give them what they really want in a project. As for me, what I want is what everyone also want, profits and if the coins gives me that, I will continue to be loyal to that coin for as long as it could last.
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If I am only trading and I am not planning on holding it for the long term, then I do not look at anything major, I only look at the chart and how it is looking, that should be more than enough for me. However, if I am going to end up holding it for a long time, I look for everything, from whitepaper to their roadmap to what they have achieved so far within their plans to past history of the dev team, I look at everything. This is mainly because most of the tokens that are created end up being near zero because the dev team fails to do what they set out to do, and most projects fail not because of scam, but because they end up not doing anything good.
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What you talk about involves fundamental analysis and focuses on tokenomics: ecosystem development and the token utility. Fundamental analysis helps you find truly valuable tokens to invest in and limit the risk of rug-pulling or project failure.
I also often follow news about fundamental analysis, the growth of crypto market has created many blockchain/crypto research groups and they really help the community have more reference information about each project, each token. I personally prefer working on token price charts, for me the story of supply and demand and price manipulation models are closer and easier to grasp than tokenomics. I love the story on price chart 😍
Thanks for your response and insight. From your highlights, does it mean you make short moves on tokens and trade in short time frame instead of holding long on a certain coin? I'm an active trader too, what tools do you leverage for your strategies?
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I can look for an old coin or token and also new ones that people are going for. I will try to buy them when their price is low, with the money that I can afford to lose. If their prices increase, I will not wait too long to sell them because I know if they fall, they can fall below the price that I bought them surprisingly. There is nothing I will see about those altcoins and tokens than to gambling with them before they will make me happy and later make me regret.
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
While I was about my research, I recently came across $AVA and it seem to have a thing different from other that could have been overlooked. I found out it's creating a decentralized, interconnected loyalty ecosystem.
What caught my eye is how AVA transforms the loyalty game. Token holders have the freedom to use AVA not only on the platform where they earned it but also on other platforms like Bitget that accept AVA.
Imagine using AVA for rewards and also as a payment alternative. It's like a two-in-one deal. And the governance aspect is pretty cool too. The AVA Foundation is all about making this experience seamless and cost-effective for partner projects.
What's the favourite thing about your best tokens?
One of the few Centralised enterprises that deemed it fit to switch to the decentralised scene. I also saw news of thier switch from BEP2 to ERC20 not too long ago on Twitter. Never knew how solid Ava Foundation was until I took out time to read up this week. While there are still some of my little concerns about the token's short term potential, it's no doubt a good one to hold long-term. The unique innovation behind $AVA token obviously makes the foundation stand out among competitors.
I looked at the project, and it's nice to see it's used as a payment option on various platforms, enabling their loyalty program participants to easily use AVA for partner goods and services. But I'll say you should choose your strategy wisely either for for both short term and long term following the coming bull market. If you want to have more insight, look at what traders on Bitget exchange where it is listed are saying as well
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What caught my eye is how AVA transforms the loyalty game. Token holders have the freedom to use AVA not only on the platform where they earned it but also on other platforms like Bitget that accept AVA.
Imagine using AVA for rewards and also as a payment alternative. It's like a two-in-one deal. And the governance aspect is pretty cool too. The AVA Foundation is all about making this experience seamless and cost-effective for partner projects.
What's the favourite thing about your best tokens?
What later happen to the price? It crashes just like other regular coins we have in the market. These coins are hype, some kind of special token lock up mechanism and then make people feel like it's going to be another everlasting coin but just take a look at what the price is saying today, it is now flat without hope, even the volume is low.
(https://i.ibb.co/DCNFWNx/AVA-All-graph-coinmarketcap.jpg)
I don't have a favorite coin when it comes to altcoin because once the investors sell their coins, they are done for that time. They move to another coin for another pump that will give them what they really want in a project. As for me, what I want is what everyone also want, profits and if the coins gives me that, I will continue to be loyal to that coin for as long as it could last.
Not having a favorite coin is the right call cos we are all in the market for the profit but being too quick to discredit AVA could be a wrong call. Besides having more than 60% of its total supply in circulation, it's price chart from 24hrs TF shows the price peaked at 0.58 and currently at 0.56 which is not bad imho considering the current market sentiment and we could be seeing a surge in few hours cos Bitget is also billed to list it few hours from now.
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
Yeah, I agree with you, @OP. Before selecting any token to invest in, I usually look at the utility features of the coin or token, and if there is no information like that on the project's white paper, I go over to their social channel to ask those important questions.
Although, even after checking those things, that doesn't also guarantee the success of the project, as long as it's an altcoin that has the common nature of pump and dump, it's wise to trade with caution and only invest what will not render you bankrupt if the project doesn't become as successful as you think.
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
When talking about trading, yes, taking tokens might indeed be one of the things that is quite interesting to trade. Is AVA that interesting? But of course it also has risks. Moreover, we know that trading is something that always carries high risk.
However, it is important to analyze the token in order to minimize the risks involved. because tokens with a relatively low market cap can really make us get high profits but also at the same time have very high risks.
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When talking about trading, yes, taking tokens might indeed be one of the things that is quite interesting to trade. Is AVA that interesting? But of course it also has risks. Moreover, we know that trading is something that always carries high risk.
However, it is important to analyze the token in order to minimize the risks involved. because tokens with a relatively low market cap can really make us get high profits but also at the same time have very high risks.
If you don't try small things first, you certainly won't know where the difficulties lie and how to overcome them. Everyone knows that trading is something that carries high risks, but behind that, it always gives very positive results. So for anyone with a high risk, you will get results commensurate with the risk you take.I agree with you, friend. Everyone must also be willing to carry out an analysis before doing it, because that way it will reduce the risks that will be obtained.
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
When talking about trading, yes, taking tokens might indeed be one of the things that is quite interesting to trade. Is AVA that interesting? But of course it also has risks. Moreover, we know that trading is something that always carries high risk.
However, it is important to analyze the token in order to minimize the risks involved. because tokens with a relatively low market cap can really make us get high profits but also at the same time have very high risks.
Your assertion is true to some extent however low cap gem with a good utility, functionalities and roadmap can easily find their way to the top of the ladder hence the reason why DYOR is very important. Similarly finding out about the project team and their vision for the project can help you decide to hodl or hold short term. But looking at how AVA aim to change the narrative by incentivizing users via the loyalty program and also redefining the payment and financial landscape, am optimistic holding long term might be worth it but of course it is not a financial advise. Am also eager to see the outcome of the listing today on Bitget coz it seems the token hasn't gotten the needed exposure all this while.
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what I am looking for, is a short profit, where the token I buy must provide a profit and I can use it to look for other coins that have the same profit, it is too complicated to research where there is not much time for me who is busy with the household and children
By the way, can you provide details about what AVA you are explaining is? in the form of a possible link so that the data you provide is accurate,
This was the first place I saw the token mentioned; https://www.bitget.com/support/articles/12560603803905
And this is the project's website; https://www.avafoundation.org/
You may also look it up on Coinmarketcap.
Let me know what you think as well.
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As an active trader, you will agree with the fact that what should drive interest in any given token is utility, the nature of the token, team and plan.
However, it is important to analyze the token in order to minimize the risks involved. because tokens with a relatively low market cap can really make us get high profits but also at the same time have very high risks.
The fact is, Knowing a bit about the Team behind the project, the vision & mission concept of the project as well as the community is vital to making decisions. Have you also reviewed the price history on recently listed Exchange? I was looking at the reward they've rolled out and beginning to pick Interest trading there. Are you also finding this project Interesting to enter?
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It is important to always know and look at the tokenomics of a new token or coin in the cryptocurrency industry because in this way you can get an idea if the token or coin you are aware of is legitimate or has potential in the future, and if there is a reason that crypto communities will use it in the future.
And it is also important that it has a website platform that has all the information we are looking for on a legitimate coin in this field. Because without those, it will be a bit difficult for us to distinguish whether it is beautiful or not.
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Tokenomics, Uniqueness, Community, Usefulness, Transparency.
Those are just 5 of my bases whenever I'm buying a token. I think I don't need to explain all 5 of them because I believe that many users here are intelligent enough to know the definition of those 5 factors. I mean many here have factors that affect their decision on whether they will buy the token or not right? The most important one for me is how useful the token is. What is the use case of the token? How will the token be used in the project? 2nd is the community because I always believe that a project will be useless if there's no community or supporters behind it. Transparency is an important factor as well - and no need for further explanation of that.
Overall, we have different factors on what do we look for a token. At the end of the day, we are investing to make money, so always spend some time researching so that in the end, we will gain some bucks. :D