Three major selection rules for long-term altcoins
Be sure to remember!
1. Avoid altcoins with too large market capitalization:
Altcoins with too large market capitalization have usually gone through their boom phase and are at risk of being replaced by emerging projects. For example, the previous EOS, BCH, BSV, ITC, TRX, XRP, FIL, LUNA, and the current ADA, DOT, LINK, etc., these currencies may be eliminated in the next round of competition.
2. Avoid altcoins with too low market capitalization and limited trading platforms:
Although projects like SHIB performed well in the last round, most altcoins with low market capitalization and only traded on limited platforms are often the "cutting leeks" targets of speculators. Therefore, avoid risking investment in these projects because their probability of success is very low.
3. Avoid altcoins with old-fashioned concepts and lack of innovation:
The crypto market prefers fresh blood rather than old concepts. When choosing altcoins, avoid projects that lack novelty and innovation. Instead, choose altcoins with fresh concepts and innovations, which are more likely to attract market interest and attention.
