Current Standards for Selecting Imitation Coins:
1: Narrative, such as DOGE, if Elon Musk is involved, there will be funding to speculate, and for example, future positive news like the AI conference, refining conference, etc.
2: The roadmap of the community behind the project, where the community team actively creates narratives or promotes the progress, such as going on Binance, then expanding to platforms like CB, Bithumb, Upbit, etc.
3: Market makers.
Meeting these conditions, the valuation and price increase will have more potential, this rule applies to public chains, gaming, DEFI, and other sectors, as speculation of any coin is inseparable from traffic and funding.
How to judge trends?
You can pay attention to Binance, CB dynamics, the macro situation in the US, mainstream media and US stock trends, as well as statements from celebrities in the crypto field, looking for corresponding narrative projects in the crypto market and analyzing them, closely following the market speculation direction, the market is always right.
In the past year or two, new sectors like Depin, RWA, Payfi, BTCfi have emerged, attention should be paid to whether similar projects have gained favor from large funds. The recent speculation of DOGE and PNUT is an example, even if it is impossible to predict, timely follow-up can seize opportunities, after all, PNUT was not achieved overnight.
