Experience in Trend Following
Personal Market Experience When Playing According to Trends
1. Some experiences in choosing projects and trends
For those new to the crypto market, there are tens of thousands of projects, but in reality, there are only a few dozen to a few hundred core projects, while the rest are just copies of an original project. Therefore, if you want to select a good project according to trends, you need to study the original trend project closely to understand most of the projects in the market. For example, according to Defillama, Uniswap has over 500 forks, Compound has 100 copycat forks. Most of them just copy the original model, change the name, design a logo, tweak the tokenomics, and hire KOLs to shill to become a new project. Therefore, instead of reading dozens of projects (I used to read many niche projects and didn't understand the core issues), find and read the leading trend projects carefully. It will help you gain necessary insights to delve deeper into the issues instead of knowing a little about everything, which is ineffective.