How to determine if a cryptocurrency is worth holding long-term?
In a rapidly changing market, how do investors judge which cryptocurrencies have long-term investment value?
Generally speaking, high-quality cryptocurrencies need to meet the following ten points:
1. First-mover advantage: Innovative projects that enter the market first often seize the opportunity and gain more benefits.
2. Continuously building team: If the project lacks long-term investment, it is difficult for the project to sustain development.
3. High transparency: Public information from the project team can enhance the credibility of the project.
4. Support from investment institutions: Projects favored by capital indicate potential, reducing the risk of becoming a scam.
5. Tokens with real utility: Tokens that are simply speculative are likely to end up worthless.
6. Rich narrative ability: Projects that can tell diverse and captivating stories are more likely to gain market recognition.
7. Strong community foundation: Cryptocurrencies without community support are likely to be air coins.
8. Healthy distribution of holding addresses: If holdings are overly concentrated, there is a risk of insider trading, and retail investors need to be cautious.
9. Multi-ecosystem support: Cryptocurrencies that can circulate in multiple ecosystems typically hold higher value.
10. Global consensus: Projects that gain wide recognition in both Eastern and Western markets can last longer.
