#binance #btc #bnb #ETH In evaluating the value of a cryptocurrency, in addition to the value of popularity (perhaps the most important factor, coins like BTC, ETH, BNB are an example), there are other factors to evaluate. 1 potential cryptocurrency. This may also be the factor that makes coins dominate the crypto market in the future.
I would like to present it as follows:
- Limit on quantity supplied to the market.
- There is a mechanism to create scarcity effects to increase demand for ownership (for example, BTC's halving date)
- Support team, including development team and system maintenance team.
- Fast transaction time (best within 1 minute, as far as I know, the speed depends on the number of confirmations of the wallet type on that coin's trading system, the number of confirmations higher, the security is higher, but that is also the weakness of the wallet when the transaction time is long)
- The fee for performing a transaction is low, the best fee in my opinion is ~$0.01
- High liquidity when there are many platforms accepting transactions of a variety of cryptocurrencies.