$BTC
The great pancake starts to decline
Is it the perfect time to enter the altcoin market?
How to filter altcoins based on core dimensions:
Chip Distribution: If chips are concentrated in the hands of a few with no signs of sell-off, there may be major players controlling the market. If the chips are dispersed and mostly retail investors are involved, the price may fluctuate greatly.
Major Player Control: Determine through trading volume and price trends; if volume and price are inconsistent or rising against the trend, there may be major player operations. Also, pay attention to the movements of large wallets; coins that are continuously being bought are worth more attention.
K-Line Trend: It’s best to choose ones with a well-formed bottom pattern and upward diverging moving averages, which are resilient to declines and have a high possibility of rising. Definitely avoid those that keep declining or have messy K-line charts; the risks are too high.
Community Atmosphere: You can check social media and forums to see the enthusiasm for the project; projects that have KOL support and frequently hold events tend to have high attention and greater development opportunities.
Narrative Logic: Unique aspects, like those that combine with current hot concepts such as DeFi, NFT, or the Metaverse, are more likely to attract funds and offer greater imaginative space.
Focus on AI, RWA, and MEME in these few tracks
Alagent: VIRTUAL COOKIE AIXBT AI16Z
TURBO/WLD/ARKM/TAO/
CAKE/FORM/CHEEMS/TUT
Lastly, emphasize focusing on OG; if you're interested, you can check out my post, aiming for a starting target of 10 times (the stable kind!)
In summary, Bitcoin's pullback is indeed a good time to invest in altcoins.
But the premise is to carefully filter, and definitely do not blindly follow the trend.
Investing in altcoins is risky; you must be cautious and control your positions well.
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