Regarding the selection of altcoins, let me first throw out two principles that I think are worth considering:
Buy strong, not weak
Buy new, not old
A brief explanation: "buy strong, not weak" refers to how to determine strength and weakness: two standards: one is to look at the exchange rate of a token against Bitcoin or Ethereum (horizontal comparison); the second is to buy the leader in a specific sector, not the second leader (vertical comparison). Especially for the second point, don't be afraid to buy the leader just because it has risen sharply, turning to choose the older second or third; the second and third will definitely catch up, but they will only catch up. As for "buy new, not old," this is relatively easy to understand. Firstly, older coins often have trapped positions due to historical reasons, which serve as a significant resistance during price increases; just look at the performance of LTC, BCH, and BSV in the last bull market to understand this. Therefore, when funds choose targets for rallies, they will certainly not select these heavy old vehicles as their first choice; do they expect the main force to spend money to lift the retail investors? After discussing the theory, let's combine it with a few representatives from this round into practical operations. Strong altcoins: According to the exchange rate standard, representatives are SUI and SOL, with SUI showing strong performance. After SOL performed well in the first half of the year, it has recently weakened a lot, but it is still much stronger than most altcoins. With ETH transitioning from weak to strong, sectors like L2, DeFi, GameFi, and other strong tracks within the Ethereum ecosystem will likely welcome new opportunities, with representative projects like ZK, SSV, ETHFI, ENS, etc., all worth paying attention to.
