BlockBeats news, on January 4th, top trader Eugene Ng Ah Sio posted on social media, 'In times of high prices, finding new ideas is indeed challenging. How do you gain confidence in a project that has already risen 10 times from the bottom?'
The framework I use to cultivate confidence can be summarized as follows:
1. Represent a completely new idea - this can be achieved through a new vertical, a new product or service, or even a new token economic model (like a Ponzi scheme).
2. Look for newer names, with fewer holders and smaller unrealized gains and losses for existing holders - this is why new coins often perform better than old coins, as they have no natural resistance levels and no inflation or sell-off pressure.
3. Look for theoretically infinite valuation limits - this is why meme coins perform so well, because they are unvalued.
Now, there is a token that reasonably meets all these criteria in some ways.