Does the name of a Cryptocurrency determine its growth ?

in cryptocurrency •  7 years ago 

cryptocurrency growth .png
image source:zycrypto.com

When we watch out for cryptocurrencies ,we also check the uniqueness behind its name and logo possibly : ) at times and it now seems like it really truly does matter in the growth of the Cryptocurrency at times.

Most of the big Cryptos we have today all have unique names and logos which also brings out the professionalism in the Cryptocurrency, take a look at “Bitcoin” and “Ethereum” , hope you see the uniqueness in them and as well as in their logos,

For Example

Take a look at Neo which was previously Antshares

Antshares was selling around $7 max but immediately they re-branded and changed the logo and name to NEO, people started getting involved with it and it now trades at around $40, that is truly an example of a sleeping beauty.

A coin with pronunciation issues, bad logo design or a name similar to an existing coin might not be taken serious by people or investors or what do you think ? Does the name and attribute of a cryptocurrency really determines some parts on its success? let me here your opinion on the comment box below..

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