When selecting high-quality altcoins, we can consider multiple dimensions. Current popular tracks include public chains, MEME, AI, gaming, L2, DEFI, etc., while projects within the same track can perform very differently.
Taking MEME as an example, although People, Doge, and Floki are all established players, their price increases are vastly different. People’s performance is mediocre, while Doge and Floki have skyrocketed like rockets. The reasons for this are several: first, the narrative is crucial. Doge gained enormous attention due to Musk's mention on Twitter, with traffic and funds continuously flowing in, driving the price up; second, the project’s community team is actively operating, proactively shaping the narrative and advancing the project process, such as Doge expanding to other platforms after BN; finally, strong market maker support is also an important factor.
In the case of public chains, not all projects are worth investing in. For instance, Solana (SOL) and Injective (INJ) still stand firm in the last cycle and reached new highs, while other projects have gradually fallen silent. The influence of investment teams is also significant, as global renowned market maker JUMP supports projects like Sol, INJ, Sui, Apt, etc.
Investing in cryptocurrencies requires maintaining rationality; market dynamics and the favor of large funds are key to success, and one must not be self-satisfied. #币安MegadropSOLV