Before a new cycle of altcoins begins, I remind myself to stay curious about new things and do in-depth research.
After all, the huge losses brought by the last round of DeFi reminded me that if we cannot keep up with the alternation between old and new concepts, especially if we do not attach importance to emerging concepts in our thinking, we may face major losses.
This round of inscription projects made me some money, and I immediately overturned my previous information, watched YouTube videos, joined related groups, and learned more.
At that time, the Mint function was not available on the exchange and could only be performed through on-chain operations and the Unisat wallet. Although learning these was not complicated, it was very important to act quickly during the bonus period.
At that time, some over-the-counter markets that had not yet been fully explored were already available for sale, but as the market functions gradually improved, the dividends gradually faded.
There are many opportunities to seize at this stage. For example, POLS has almost no cost and can bring thousands of times returns by just paying the gas fee. There are also various concepts emerging in an endless stream such as ETH inscriptions, ARC20, BNB, SOLS, etc. Seizing any one of them can bring considerable returns.
This period is when I think I should work hard. Even if it was four in the morning, I would get up and turn on my computer when I saw the opportunity of SOLS.
However, there seems to be no similar phenomenal success cases in the subsequent new concepts. I did not participate in the MEME round, and I am not involved in Dogecoin myself.
Except for MEME and Inscription, other altcoins in this round lack a significant narrative. Projects such as DePin, AI, RWA, TON, Blink, etc. performed poorly, but we still need to maintain curiosity about new things.
When choosing altcoins, I think you should focus on leading projects with clear narratives, such as ORDI and PEPE, etc. Avoid over-diversification of investments in the same sector, and avoid concentrating funds on multiple MEME coins such as PEPE, WIF, SHIB, and BOME, so as to avoid a shared future.
Currently, many MEME coins are circulating in different markets. You cannot predict which one will become mainstream, especially in the primary market. It is extremely difficult to create phenomenal projects like PEPE and SHIB.
The recent Neiro dispute is an example, where one MEME coin issued four coins PVP on two chains, and this situation may become more common in the future. ➕👗➩BNB0098
I personally prefer the Bitcoin ecosystem narrative, not only because it has been successful in this regard, but also because I think there is no better narrative on the market for the time being. However, we still need to continue to pay attention to and study emerging things.
At present, the decline of most altcoins has reached 80 to 90 percentage points. Short selling is no longer realistic, and we can only try to find buying points in different positions.
