For altcoins, let's discuss some questions that might interest everyone:
01. Why isn't there a general rise in altcoins like in 2021:
Answer: The entire year of 2021 was during the Federal Reserve's easing period, with abundant hot money. Currently, we have just begun to lower interest rates, and there is still some distance to go before easing, although it has improved compared to the beginning of this year, so future developments are worth looking forward to. In fact, 2021 only saw a general rise in altcoins in the first half, while the second half concentrated on popular tracks, with little progress elsewhere, so it's important to learn how to pick projects.
02. How to select quality altcoins
Answer: Popular tracks such as public chains, MEME, AI, games, L2, and DEFI have varying performances among projects in the same track. For example, in the MEME category, while people, doge, and floki are all established MEMEs, people has a small increase, while doge and floki surged dramatically. Why is that? Have you thought about it?
• Narrative: For instance, Doge benefited from being mentioned by Musk, attracting traffic and capital inflow, leading to market speculation, which naturally boosted the price.
• Project community team operations: The community team actively creates narratives or advances the process, such as after getting listed on Binance, then expanding to platforms like CB, Bithumb, Upbit, etc.
• Strong market makers: Supported by powerful market makers.
Meeting these conditions makes valuation and price increases more promising; otherwise, they are limited. This principle applies to public chains, games, DEFI, etc., as any coin's speculation relies on traffic and capital.
Now let's talk about public chains: Not all public chain projects are worth investing in; just look at sol and inj, which have survived and reached new historical highs recently. But what about others?
In addition to the points mentioned above, there's also the investment team. That's why I previously mentioned omni and alt, as well as sol, inj, sui, apt, omni, alt, and others. All of these are backed by JUMP investment; you might want to look up JUMP. They are a prominent forex market maker globally.
Not to say much more, the price increases of sol, sui, and inj have already proven everything. Trading cryptocurrencies shouldn't be like dating; don't get too sentimental. Your personal confidence means nothing; only when the market recognizes it and large institutions and funds favor it can you reap the rewards. You're here to make money, so be a "bad boy (girl)".