Now let me share some tips on choosing cryptocurrencies:
In a bull market, if a new hotspot or concept suddenly emerges and begins to spread rapidly, the prices of related meme coins usually experience a surge.
The characteristics of this stage are very obvious: coin prices soar without almost any pullback, or even if there is a pullback, it typically won't exceed 30%.
To seize this opportunity, you can try the following two methods:
a. Keep an eye on the trending coins in the market, especially those you have a certain sensitivity to regarding their spread. Coins like BAN, RIF, and LUCE each have their own features and novelty, and their spreading power is strong; while meme coins like DOGE and Eagle also show considerable potential in terms of spreading effects.
b. If you haven't been able to pay attention to these projects at the first opportunity, when you see some KOLs posting or group members discussing, you can also use this information to judge which stage of spreading the project is in. If you think it is in the early stage of viral spread, then that is a good time to enter.
Generally speaking, according to my criteria for selecting coins, when deciding to enter, the market capitalization of the target coin is usually between 5 million to 50 million. Coins below 5 million are often being hyped by early speculators, the market is very fragile, and there may not be strong backers behind them, making it easy for the price to drop to zero in one go; coins above 50 million tend to have less attractive odds, and even if you enter, you must control your position.
For popular coins with a market capitalization greater than 50 million, I prefer to wait for them to pull back to lower levels before entering, using light positions and waiting for an explosive bottom.