In 2020, DOGE became a hundredfold coin, in 2021 it was SHIB, in 2022 it was Pepe, and in 2023 it is BONK. In 2024, it will be OM. As for this year, which hundredfold coin will emerge remains to be seen, and everyone is speculating and searching for the next dark horse.
To find a hundredfold coin, there are many key points to pay attention to.
1. Low market capitalization is crucial, meaning the circulating market value and total market value of the project should be low, making it difficult for the project team to easily cash out and become wealthy, thus allowing for greater upward potential. The potential of high-valuation sectors should not be underestimated, such as projects that could reach a valuation of $1 billion during a bull market.
2. An innovative narrative is essential, meaning the project must genuinely solve a problem rather than being in a niche market. Early-stage coins are also an important consideration, as hundredfold dark horse coins often emerge when no one is paying attention. The timing of a coin's launch is usually at the end of a bull market or the beginning of a bear market, and the consolidation period typically lasts between 6 to 12 months, with a circulation rate above 50% being preferable.
3. Low-priced coins are more attractive to novice investors, especially those with many zeros after the decimal point.
4. Additionally, it is easier for hundredfold coins to appear among public chains and their leading protocols. The founder's background and whether well-known investment institutions support the project are crucial. Of course, the basic principles of value investing must be adhered to, and projects like stablecoins or deflationary tokens that do not meet these principles should be avoided. Old coins should not be engaged with unless there is a completely new and strong narrative. Leading coins in the sector deserve special attention.
The current market is vastly different from the past. In the past, due to the wealth effect, tenfold and hundredfold coins were common, attracting many newcomers to the crypto space. Even if some incurred losses or even liquidated their positions, they still firmly believed in the chance to turn things around, feeling that they were building the future and changing the world. However, the recent market conditions have caused many to lose confidence, and the brutality of the market is laid bare. Therefore, capturing the opportunity for a hundredfold coin has become increasingly difficult, but it is by no means impossible. The key lies in selecting the right projects, doing thorough research, and patiently waiting for the right opportunity.
Some phenomena in the market also reflect this change. Some traders prefer to diversify their funds into various junk coins, hoping to hit a tenfold or hundredfold coin by luck, but this is more akin to gambling, with high risks. In contrast, focusing on high-quality projects and understanding their fundamentals and technical indicators is a more prudent choice.
Even so, MEME coins are still hot, and while some tokens may soar briefly before immediately going to zero, there are still some lucky individuals who benefit from them. This market is indeed full of opportunities, but the risks are equally substantial.
In general, the bull market may have reached its tail end, but there could still be a final frenzy; it is not impossible for a hundredfold increase in a month. Opportunities still exist, but it requires more wisdom and patience to discover and seize them.
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