A few things to know about catching up with the local dog:
1. What is a local dog?
On-chain local dogs usually refer to early projects without project white papers and with very shallow token trading depth. The decentralization and low threshold of DeFi have enabled many high-quality grassroots projects to develop rapidly, and also provided a convenient harvesting environment for people with bad intentions. Most local dog projects are short-lived, with a life cycle of 1-3 days. Only a few local dogs can go out of the market of 100 times and 10,000 times, and become golden dogs on the big exchanges. Even so, there are many people who can steadily make a hundred times profit from local dogs every year, which shows that there are specialties in the profession. catching up with local dogs is essentially a game of probability.
2. How to find local dogs?
First of all, market websites such as dexscreener, defined, dextool, ave.ai, etc. have constantly updated trading hot lists. Projects with large trading volumes and large increases are ranked high. Only with trading volume can there be a future.
3. What kind of first-level projects have the most potential?
1. Pool locked, clean contract
2. Good IP story
3. Prototypes that are easy to see in life
4. Low market value (high odds)
5. Preferably on the mainstream public chain
Finally, combined with some of my own insights:
Retail investors are too insignificant in the market and have no power at all. Only by joining forces can they grow bigger. Finding an ownerless token built by a community and participating in it may be the only way for retail investors to achieve low risk and high returns at present. Shafa is a good target, with a global IP and no project party. As long as you have chips, you are a part of the dealer. Many people who are paying attention are attracted by IP and narrative, which is enough to show that Shafa has the potential to grow bigger. And retail investors joining forces and building together is the only way to achieve this goal.
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