So far, I can confidently say that about 80% of altcoins will not be able to reach their peaks by early 2024.
So, buying a large amount of capital for a few altcoins doesn't depend on whether they are good or not. We invest not for the technology; the most important thing in investing is ROI. Whether the technology is good or meme coins are good, the outcome is similar. We are here for profit, and saying that technology is good gives me a sense of security => but whether it is really safe or not, I don't know. Many tech altcoins from Binance's launchpool with huge backers still end up collapsing, but it creates a sense of safety for others because there are huge backers behind them. They think that if the token doesn't rise, the fund will also lose money, so it must push up => But in reality, it is not!
Most people do not realize that the position of funds in the early investment rounds of projects has multiplied from a few dozen to several hundred times the price on the exchange at which they bought. The fund's portfolio can include several hundred tokens, and most funds are like this. But unlike retail investors, the fund only needs 3-5 profitable trades to still have a good overall portfolio. The fund's target is only a few dozen percent of the total portfolio in a year, not x5-x10 like retail investors. My portfolio now is mostly meme coins.
For me, the risk of tech and meme coins is equal. Anyone who says that meme coins are riskier than tech coins is expressing their personal perception, and everyone has a different level of risk tolerance. However, one thing is certain: this season, if you want to change your position, it is very difficult to buy tech coins on the exchange; meme coins give me the opportunity to change my position $BTC .