Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Cryptomultiplier on February 05, 2025, 07:08:58 PM
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Do you think knowing the habits and daily routines or achievements and pursuits of creators or owners of cryptocurrency, helps the coins they launch pump harder and become a successful crypto project?
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Hey Cryptomultiplier, I think you made a mistake about the size of the font hehehe :D
I'll quote here for you:
Do you think knowing the habits and daily routines or achievements and pursuits of creators or owners of cryptocurrency, helps the coins they launch pump harder and become a successful crypto project?
And I'll answer the question straight away
I'm absolutely sure that the names involved in the creation of a coin or token help a project a LOT
Generally, the community gives more credit and has more confidence in projects where the creators and developers are already known and have already participated in other projects. It's much easier to trust and invest money when you have big names involved
That's not all that will determine the success of a project, but it helps a lot in the beginning
In the following phases, the coin or token needs to be well developed if it is to be successful
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Do you think knowing the habits and daily routines or achievements and pursuits of creators or owners of cryptocurrency, helps the coins they launch pump harder and become a successful crypto project?
And I'll answer the question straight away
I'm absolutely sure that the names involved in the creation of a coin or token help a project a LOT.
It's actually contributes but it's not a hundred percent the reason for pumps or dumps in meme coins and tokens. Basically every project requires liquidity to carry out either of it's action which is usually pump or dump putting in liquidity will result in a pump while pulling out liquidity will result in a dump.
The reason why the personalities involved or the organizations involved sometimes have effects on the overall progress of a coin is because of the said liquidity the crowd seem to believe they are capable of putting into that particular token and as a result FOMO will improve the direction.
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Do you think knowing the habits and daily routines or achievements and pursuits of creators or owners of cryptocurrency, helps the coins they launch pump harder and become a successful crypto project?
One thing you must know;
1. For memecoin it doesn't matter, what matters most is the hype and the influencer behind the coin.
2. For altcoin such as utility or security coin or any other coin that has good prospects, knowing things about the creator also helps to boost the coin, this includes exposure and price increase if that person is an experience personel on the space.
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In the initial stages maybe when there is still hype around the coin because of the one who launched it. Eventually, what he and his dev team does that will keep the project up. If no significant developments are done, then even his good name and previous achievements couldn't save his own project.
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Yes and no, if the CEO i just something like no one, no name in the industry and just want to make a name, better not do it unless you are required by your legal team. But if you're something famous from something, yeah, better announce it and it always make a positive result regardless what type of coin it is.
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It may help, but the success lies in its usage and what it can contribute to the industry, but there are many cases where the popularity of the owner made the coin to pump, like what happened to the Trump coin.
But when it comes to long-term success, the potential is in its use cases and its contribution to the industry.
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Do you think knowing the habits and daily routines or achievements and pursuits of creators or owners of cryptocurrency, helps the coins they launch pump harder and become a successful crypto project?
Why you set the text size 2px I think that's a mistake maybe, I set it to 12px for you haha. Please edit the post and correct the mistake first.
Speaking of following the lifestyles of the owner of the meme coins I think we can definitely find an upcoming meme coin as well, because I am seeing a series of meme coins would be launched by political leaders, their families, then celebrites, singers, etc. Once they all started to make their own Memecoins, and the trend will fade with time in this year.
That would be the end of meme trend, well that's another discussion, we should follow all of them and their daily routine but just to find the next meme coin, it is a lot of work, unless there is a smart way to do that, and following them for some non meme coin project not worth it a lot but yeah it is better to know who they are and what are their motives. Like I invested in APT and the founder retired himself from the project and it is not dmping and dumping haha.
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I am sure that the people behind a project can be a very critical and important factor for a project's success but of course, the creators must be credible enough, they must have the experience backing their involvement and they must show the success they already generated in related concerns. Now, we don't have to know their habits or daily routine because that can be so personal not unless they are so willing to share some details on their everyday lives. But of course, this is not the only factor as there can be more but it all starts with good people manning the project.