How to choose quality coins suitable for long-term holding?
1. Look at the track: choose directions with development in the next 3 years
Must-see tracks: Bitcoin (digital gold), Ethereum (smart contracts), Layer2 (such as OP, ARB), DeFi leaders (UNI, AAVE)
Avoid: 'air coins' without actual products and purely speculative MEME coins (such as PEPE)
2. Look at market capitalization: don't touch coins that are too small
Choose coins in the top 50 by market capitalization (less volatile), emerging tracks can be relaxed to the top 100
Examples: BTC (1st), ETH (2nd), SOL (8th), DOT (10th)
3. Look at the team: don't trust anonymous projects
Check the official website: core members should have a background in blockchain or tech companies (for example, the SOL team came from Coinbase)
Avoid: projects with vague team information and no public contact methods
4. Look at deflation: the fewer coins issued, the better
Prioritize coins with a 'burn mechanism': for example, ETH burns transaction fees for each transaction, BTC reduces production once every 4 years
Avoid coins with an annual inflation rate >10% (too many coins issued will devalue)
5. Look at popularity: don't buy coins that no one uses
Use DappRadar to check: daily active users > 10,000, number of DApps > 50
Examples: Ethereum has over 500,000 daily active users, and there are over 3,000 on-chain DApps
Ultimate mantra:
Mainstream coins as a base (BTC+ETH account for 60%), potential coins for trial and error (choose 2-3 small market cap reliable coins), don't all in on one coin, hold for over 1 year