Thanks for the TRX tip. I bought Ripple at 0.23, unfortunately only a piece of about 6 altcoins I put into. Great returns, but when does it near "true value"?
I have no idea how to attribute value to these currencies!
No problem! I'm hoping to help people make some money here. I personally am vested in Ripple and Tron and so I wouldn't mention something unless I actually have skin in the game. TRX is currently #8 on the coin market cap website and now at .20 since my post yesterday.
Great question in terms of value. At this stage in the game it is all about utility. 2017 was all hype. 2018 is about utility. The altcoins that have no use case will die off. The ones that have a use case will go to the moon.
If you are asking how much something should be worth? It's a free market and it's worth what people are willing to pay for it.
If you are asking how can I determine if a coin has value or not? The best thing to do is to check the website, read the whitepaper (most have a whitepaper), take a look at the vision of the company/coin. Does it have a solid team? Who is involved? Any significant names? Is progress being made? How is the community? Is the Reddit page active? How is the CEO? Is the product going to disrupt an industry or multiple? All these things add up to create value. It helps also just to get other's opinions. Hey what do you think of this? Some people might know something I don't know.
In Ripple's case, it's not surprising that it is rising in value and will continue to do so (it has to, to actually function properly, banks are going to need XRP to have a load of liquidity). The team solid, CEO is awesome, their product has extreme high utility, especially with corporate and financial institutions moving lots of money cross border. The utility explained on their website makes Ripple (XRP) valuable. They are getting press coverage, CEO has been on CNBC and Bloomberg multiple times. Good signs of something that has a future.
In Tron's case. For me personally, the vision really skyrocketed in value (in my personal eyes) in the last 48 hours especially after what happened with that Logan Paul situation recently with the posting of a dead body from suicide forest on YouTube. You realize how much centralized power this platform (YouTube) has when they did nothing, no ban, no suspension. So a decentralized content creation platform built upon the Tron protocol would and could put YouTube to the grave. Extremely disruptive in just ONE use case. Tron has many multiple use cases. The CEO is also founder of Peiwo (which has 10 million+ active users) which is like the Snapchat of China. And is a protege of Jack Ma. So far when Justin has made announcements on Twitter, he has followed through, time and time again. Good sign of a good CEO.