6 characteristics of 100x coins

The replacement rate of the top 100 in market value is 67%. The next round of bull market often needs new narratives to fill in.

1. Characteristics

1. Market value ranking analysis

From the market value ranking, in March 2020, 61 100x coins were born in the top 600 currencies by market value (secondary market).

There are 11 100x coins born in the top 100 currencies by market value, accounting for 18%, namely #BNB, #LINK, #ADA, #DOGE, #VET, #SNX, #SOL, #THETA, #HOT, #ENJ, #LUNA. Old coins have new narratives, which is also a new growth outbreak point. For example, BNB and BSC chains have broken away from the single exchange token attribute.

Among the top 100-300 currencies by market value, 21 100x coins were born, accounting for 34.4%.

Among the top 300-600 currencies by market value, 22 were born, accounting for 36%.

There are 7 more, whose market value is too low to capture data.

So overall, among the top 300 by market value, a total of 32 hundred-fold coins were born, accounting for 10.6% of the total, one in ten.

2. From the perspective of investment institutions, only 9 have verifiable institutional investments.

The proportion is low.

From the main analysis, the fundraising method of cryptocurrency at that time still applied the traditional ICO logic of 17 years, and there were few institutional players. In addition, due to the limited secondary market screening logic, many projects had not yet issued coins. And the institutions at that time, such as: #Multicoin#Polychain#Alameda#BN#A16Z, also became the top capital of cryptocurrency later!

3. From the perspective of unlocking circulation.

MC is concentrated in the 40%-60% range. It is not good if it is fully circulated, nor is it good if it is sparsely circulated. This is a strange phenomenon that cannot be falsified. I don’t have enough reasons to convince myself for now (welcome to discuss). It is probably related to the time of birth, most of which were born in 2018, 2019, and 2020.

4. From the time of project establishment.

Among the 100x projects, 76% of the projects were established in the 2018-20 bear market cycle, and only 24% were established before 2017 (the previous cycle). Projects with more than 200x:

85% were created in 2018, 2019, and 2020. Among the 100x projects, only 1.7% were created in the late bull market (2021). So from this logic, pay more attention to projects in 2022 and 2023.

Inspiration: Pay attention to projects issued in 2022, 2023, and 2024.Don't look at old projects.

5. From the perspective of token unit price

Generally, people prefer cheap products. The lower the unit price, the more project tokens can be exchanged for the same unit of USDT, which makes people feel more fulfilled or happy. This is a strange phenomenon, but the facts are here.

6. Best configuration time

The low point of 100x coins is basically synchronized with the low point of BTC, and the high point of 100x coins is basically synchronized with the high point of BTC. From the current situation, the second bottom, 15,000 or 15,000

below, is likely to be the best time to buy a copycat. I expect that the low point of the big cake in the US financial crisis may be 9,800, but who knows. Make a good strategy and build positions in batches.

2. Track classification

1. Public chain

The largest number of 100x coins belongs to the public chain, with a total of

17, accounting for 27.8%. Among them, there are 14 L1, 2 L2, and 1 L0. Comments: In the last cycle, in order to solve the pain points of ETH expansion, TPS, GAS

fees, etc., similar to the bull market in 2017, there was a phenomenon of a hundred schools of thought in the public chain, among which there were many high-performance public chains such as #SOL, #MATIC, #BNB

, which brought prosperity to our cryptocurrency market!

In the future, the public chain with a hundred times the market value will most likely be L2, L0, and privacy public chain. It is actually not meaningful to do L1 again. L2, whether it is the current OP or ARB, or the future ZK, they are all good options

2.GameFi

The second largest number of hundred-fold coins belongs to

GAMEFI, a total of 5, accounting for 8.2%. GAME

has always been a battleground for traditional WEB2 strategists, with Tencent NetEase in the front and Mihoyo in the back. This track is the most profitable and the most profitable. At the same time, it is also the best educational tool for cultivating users outside the circle to enter WEB3. Only when there is a strong consensus among many people and the market value of cryptocurrencies continues to reach new highs, can institutions cash out at a better price. Therefore, institutions are also willing to invest, and it is naturally a hot spot among hot spots.

In the game track, there are super applications, such as #AXS, #GMT, and public game chains, such as #IMX, #RON. There are also those who work on the entire game ecosystem, such as #GALA,

#MAGIC. There are many paths to choose from. This track is likely to be the field with the most 100x coins in the next cycle. Here are several game varieties with a high probability of 100x coins in the next cycle, you can send me a private message.

3. DeFi, MeMe

The third largest number of 100x coins belongs to cross-chain, IOT (Internet of Things), DEFI, MEME

Coins. There are 3 of them, accounting for 4.9% each. In terms of these directions, the Internet of Things is likely to have nothing to do in the next cycle. Cross-chain is a rigid demand, and one or two kings will definitely be born. MEME

It depends on fate, and there will definitely be. The method is to do more on-chain analysis, the correlation between addresses, and the capture ability of giant whales. This can be expanded later, combined with tools

DEFI should also be the track that produces the top three hundred-fold coins in the next cycle. Among them, I focus on: the derivatives direction in DEFI, the algorithmic stable currency direction, the credit direction, NFT lending, NFT liquidity, and CRV ecology. These fields are likely to give birth to hundred-fold currency varieties. Fortunately, these projects have already appeared and are growing, and they are worth looking forward to.