The questionable role that venture capital plays in new token issuance. It has become more interested in how risk often inflates cryptocurrency valuations, making new tokens less attractive to retail investors. It also provides insights into promising altcoins that could outperform, especially if an Ethereum ETF is rejected.

Altcoin Selection

Several altcoins have high market cap to fully diluted valuation (FDV) ratios. This means that most of their tokens are already in circulation, reducing the risk of a sudden increase in supply. These tokens are likely to perform well, especially if an Ethereum ETF is rejected.

Solana (SOL)

Solana’s token issuance is 78% and growing. This is a high-conviction bet due to the broad ecosystem and technical foundation.

NEAR Protocol

90% of the protocol’s tokens are in circulation. High circulation reduces the decline in the value of token issuance.

Phantom (FTM)

It is particularly noteworthy because it recently underwent the Sonic upgrade, turning it into a high-speed sidechain of Ethereum. With the majority of its tokens in circulation, it presents a promising investment opportunity.

Injective (INJ)

Injective stands out for its innovation and market position.

Avalanche (AVAX)

Avalanche is a stable cryptocurrency investment due to its large market size and high percentage of circulating tokens.

Binance Coin (BNB)

While BNB is not traditionally a top pick, its technical chart shows a promising uptrend, making it a potential buy.

Arweave（AR）

Particularly attractive because 100% of its tokens are already on the market. Its recent outperformance relative to Filecoin highlights its potential.

Polkadot (DOT)

With 94% of Polkadot’s tokens already in circulation, Polkadot is an attractive investment, especially with its recent technological upgrades.

in conclusion

For investors seeking to navigate the altcoin market amidst venture-led projects, it is critical to focus on tokens with high circulation and strong fundamentals. These tokens offer promising opportunities while minimizing the risks associated with VC influence.

(Personal opinion, not a recommendation)

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