This topic has been discussed for a while, so let me add some context.

The success of altcoins that are directly listed on decentralized exchanges (DEXs) and are not backed by venture capital is generally determined by three key factors:

The development team: Their professionalism and organizational structure vary. Some may consist of just one individual with a photo and a brief description on the platform, while others are highly organized like the $BONK team, which brings together some of the savviest crypto traders on Solana. The performance of the team is affected by two other factors - snipers and whales - which together determine the long-term success of the project.

Well-organized teams often have budgets for marketing and subsequent development, so their coins may be more "useful" than those that originated from simple memes. For example, a product like bonkbot cannot be compared to fully decentralized meme coins that lack development funds. Another example is MEW, which was able to airdrop a large amount of coins to all BONK and $WIF holders. Such teams are also more likely to establish connections with market makers and quickly get listed on exchanges.

In contrast, fully decentralized teams tend to start with a lower market cap because there is no deep capital interest at the outset. These teams often form loyal communities early on because of the low-cost base of early participants and the wide distribution of the currency, such as WIF and MICHI. However, these currencies are also at risk because snipers will try to exit quickly, and without the support of whales or teams with a vested interest in the long-term performance of the project, they are more likely to fail early.

Snipers: They are usually not interested in the project itself, but only care about getting in early and exiting quickly when there is enough liquidity. Many projects that lack an organized team have died because a large amount of supply was bought by snipers at the time of listing and quickly sold, thus destroying the market chart. For example, the ETHWIF derivatives launched a few months ago, many wallets bought it immediately when it was listed, and sold it a few hours later, making huge profits. In fact, 90% of the DEX listed currencies will not exceed $5 million in market value, mainly because most development teams are anonymous and tend to make quick profits, which is also the reason why the concept of "community takeover" (CTO) is popular, because developers usually sell immediately.

Whales: Every coin that grows from zero to billions of dollars needs whales at some stage to push up the price. For emoji coins, communities are usually formed early on, and once the emoji reaches a critical mass in terms of attracting attention and virality, its market value exceeds $100 million. When the market value exceeds $100 million and stabilizes, larger players will begin to position because there is enough liquidity to build large-scale positions. In addition, these early participants in emojis must be firm holders who do not sell after becoming whales, thereby holding low-cost base coins. These loyal community holders are as important to the project as any other factor.

Behind every coin is a team, with varying degrees of organization. At the same time, every coin is affected by snipers and whales. For a coin to reach a market value of billions of dollars, it requires a very lucky combination of these three factors, whether they are the same party or different participants.

Do you know which project meets these three projects that can increase a hundredfold?

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