The Bitcoin production reduction cycle is often a carnival moment in the currency circle!
Every time at this time, a group of super potential currencies will emerge in the market, with coins with tenfold, one hundredfold, one thousandfold or even ten thousandfold returns appearing one after another.
If you can catch one or two of them, you can make a fortune in this bull market.
In 2023, many 100-fold coin projects emerged, but very few people can actually hold them.
Don't be discouraged, there is never a shortage of opportunities in the crypto market, just let it go if you miss it.
In this round of bull market, coins that increase by 100 times or 1,000 times will definitely appear.
Want to catch them? Then start by studying the hundred-fold coins in the last bull market.
Take a look at the last round and refer to the relevant data:
L1 has 14 100x coins.
There are 2 in L2.
There are 3 MEMEs.
GameFI has 5.
There are 3 IOTs.
There are 2 NFTs.
There are 3 cross-chains.
There are 2 cloud computing.
There are 2 metaverses.
There is 1 oracle.
Among the 61 100x coins, L1 accounts for the largest proportion, which is closely related to the market background at that time.
In the last bull market, the Ethereum public chain was the only dominant one and had many problems, so many L1 blockchains came into being, dedicated to solving Ethereum’s problems, so L1 has the most 100x coins.
After the last round of sedimentation, Ethereum’s problems were solved and L2 blockchain also flourished.
In the Meme coin sector, Doge, Shib and other coins have increased by 100 times, which has a lot to do with the remarks of celebrities.
In addition to L1 and Meme coins, many 100x coins have also emerged in the Defi and Gamefi sectors.
The coins that increase 100 times in each bull market are closely related to the hot spots at that time.
In this round of bull market, the probability of L1 producing a 100-fold coin has decreased, and L2 has solved many of L1’s problems.
Let’s take a look at the market capitalization ranking.
According to Rooky_Bitcoin’s analysis, in March 2020, 61 100x coins were born among the top 600 currencies by market capitalization.
There are 11 companies ranked in the top 100 by market capitalization, accounting for 18%.
There are 21 companies ranked in the TOP100-TOP300 by market capitalization, accounting for 34.4%.
There are 22 companies ranked in the TOP300-TOP600 by market capitalization, accounting for 36%.
Therefore, among the top 300 coins by market capitalization, 32 coins with a hundred-fold increase were born, which is almost one in ten.
When it comes to holding time, most of the above-mentioned 100x coins need to be held for more than one year.
A 100-fold coin cannot skyrocket in a short period of time. The buying price is similar to the price of Bitcoin, while the selling price is at the high point of Bitcoin.
The price of Bitcoin reached a double peak in 2021, breaking through in March and April and November. The selling highs of these hundred-fold coins also occurred during these two times.
In terms of price, these hundred-fold coins are generally low, basically less than 1 US dollar, and even with decimal points.
So where is the track for this round of 100x coins?
Each bull market has its own unique features, and the rules of the previous round are for reference only.
Bitcoin ecosystem.
In the current bull market, the Bitcoin ecosystem has performed brilliantly and the basic protocol has opened up a new era.
DeFi from the last bull market is expected to be replicated in the Bitcoin ecosystem in this round.
Compared with other public chain ecosystems, Bitcoin has a broader consensus and is the underlying basic asset with huge potential.
Therefore, the market value of DeFi applications in the Bitcoin ecosystem is expected to far exceed that of other public chains.
At present, high-growth projects have appeared in multiple tracks of the Bitcoin ecosystem, but many sub-sectors are still in the initial stages.
In the future, these sub-sectors will surely give birth to more tenfold or hundredfold coins, which are worth paying close attention to.
Solana ecosystem.
Compared with Ethereum, Solana has obvious ecological advantages and is worthy of attention.
It has performed well this year, with a sharp increase in TVL, a surge in DeFi platform tokens, and the emergence of multiple 10x coin projects.
In this bull market, pay more attention to Solana's DeFi, meme coins and other sub-sectors, and experience more related applications.
New tracks (DePIN, DeSoc, DeSci, etc.).
From the perspective of public chains, the Bitcoin and Solana ecosystems are expected to give birth to many 100x coin projects in this bull market.
There are endless opportunities in the cryptocurrency world, let us wait and see, and seize the code to wealth!
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