Cryptocurrencies are creating as a decentralized system and that means that no institution, central bank or government has full control of the supply of the coins in the circulation and the price of coins too. Each day more and more cryptocurrencies are being created and thanks to its open source, everyone can create their own cryptocurrency. The main purpose why cryptocurrencies are made is to make payments faster and simpler without participation of the third party.
First at all you must keep your code correct, find the community of the people that will use your cryptocurrency and signify what features will your cryptocurrency offer to the users. As many people you manage to get on board the higher will be chances of your cryptocurrency success. Also, building trust with the community must be your primary goal.
Getting the code done
Most of the altcoins are open source code from Litecoin and Bitcoin, which mean that everyone on the network can alter the code. To get your code done, you will be needed some engineering and programming experience. There are more than 1300 cryptocurrencies, so people must have trust in your cryptocurrency and be sure that it\'s long term project.
In order to success with the project, you need as much miners as possible to mine your cryptocurrency. With the mining, miners are allocating their computational power to the system which is creating new block on your cryptocurrency blockchain. This is the point where you really need to be open minded and thinking about long term project.
The main purpose of cryptocurrencies are being forgotten, for example many people these days are using Bitcoin to make profit with mining and day trading and the main purpose of making financial transaction between two sides faster and simpler is forgotten. So in this stage of developing your cryptocurrency you will need to promote your platform to the masses. Remember the fact that people are not in your network to support your project, there are here to make some profit.
Aiming for more
Always be prepared to overcame the issues of your cryptocurrency. Of course you will need as much luck as possible to even enter the top 20 cryptocurrencies, so good luck!