The trends I am closely following include: • Meme: Immortal! This season memecoin will always be the focus and lead the market. Technology coins only serve as the foundation for Bitcoin & memecoin, any ecosystem without memes will be left behind. It is no coincidence that Elon Musk shilled a whole basket of memes from last year to this year, and it is also a coincidence that all the memecoins he shilled are neatly placed in VanEck's memecoin index.
When the market resets like this, I want to note a few mistakes new people often make. Anyone who wants to restructure their portfolio can also take a look.
The first is buying too many coins. The insight of this action is probably not to diversify your portfolio, but because you hear, see, and shill too many coins, each coin is full of honeyed words, so every coin feels delicious. Afraid of losing the opportunity, afraid of regret, afraid that it will fly away without any goods, so every coin is scooped up, tearing apart the initial capital.
The second is to choose very general coin lines. This is related to each person's analysis, but in my personal opinion, I think we should only invest mainly in 3 groups: - One is the market's brand coin group such as BTC, ETH, LINK,... This group I often call the defensive group. The increase amplitude may not be as high as other groups, but if unfortunately it goes into a downtrend, you can still rest assured to hold it until next season.
- Second is the group of "potential lead trend" coins in the near future, or at least if you can't choose a lead trend, you must choose a coin within the trend. This group requires you to be analytical and willing to be adventurous with it.
- Third is "good memes": Actually, this group is in group 2 but I separate it into a separate section to stand out. Super cycle meme. LMAO. The crypto market would become boring and lose its sense of culture without memes.
In a season, trends rotate continuously, no two seasons are the same. If you keep choosing a generic coin line, it's quite risky. Risks in terms of both growth and your own confidence when seeing trending coins fly tirelessly.
In short, one is to choose the signature brand group, the other is to trend, or three are both.
Should I choose memecoin or technology this cycle?
While memecoin's growth has outpaced the rest of the market, the technology coin group is struggling to keep its price in a safe zone. Will this cycle be different from previous cycles? Memecoin or technology-coin? What is the optimal choice for your investment portfolio? In this article, I will analyze many aspects of this issue. Preamble The cryptocurrency market has had strong growth since the end of last year, Bitcoin increased sharply from 35,000 to 73,000 USD after the Bitcoin Spot ETF event. Top coins such as Ethereum, Chainlink, and BNB have also had a significant recovery, especially Solana.
According to some information from leaks and teases from Apple itself, the upcoming iOS 18 update will be the biggest update in history with content focusing on AI.
Last year Apple also acquired 32 companies working on AI 😂 and identified AI as a key field for many years to come.
Returning to crypto, perhaps the growth potential of the AI coin group is still there Perhaps more detailed information will be announced at WWDC2024 starting tomorrow June 10
Overview of the Runes ecosystem and outstanding projects
Block 840,000 is the chosen location for all the beginnings of #RunesProtocol. On April 20, 2024, right on the 4th Bitcoin Halving event, the Runes protocol was officially mainnet. With the fervor that had been heating up for many days, Runes caused the Bitcoin network to explode in volume and transaction fees. But this enthusiasm did not last long when only 3 short days later the number of transactions continuously decreased sharply and after 1 week everything almost returned to normal levels.
There are many ways to find hidden gems or at least a list of tokens with good growth, but basically for a coin to pump strongly it needs to be in a hot trend. Because the nature of our crypto market is highly speculative, where there is attention, there is money flow. Therefore, the first step in the hidden gem hunting process is to research trends. You need to find trends that have the potential to explode in the future to bet on.