The three major selection rules for long-term altcoins must be remembered!
1. Don’t choose altcoins with too large market capitalization:
Altcoins with excessive market capitalization have often gone through a boom stage and face the risk of being replaced by latecomers. For example, the previous EOS, BCH, BSV, IT C, TRX, XRP, FIL, LUNA, as well as the current ADA, DOT, and LINK, these currencies may be eliminated in the next round of competition.
2. Don’t choose altcoins with too low market capitalization and limited trading platforms:
Although projects like SHIB performed well in the last round, most altcoins with lower market capitalization and limited trading platforms are often the targets of speculators. Therefore, avoid taking risks by investing in these projects as their probability of success is very low.
3. Don’t choose altcoins with outdated concepts and lack of innovation:
The crypto market favors new blood over old concepts, so when choosing altcoins you should avoid projects that lack new ideas and innovation. Instead, choose altcoins with fresh concepts, as these projects are more likely to attract interest and attention from the market
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