Hundred-fold coins appear in almost every cycle in the cryptocurrency circle. For example, the public chain star coin SOL and GameFi giant AXS that appeared in the bull market cycle in 2021, both began to slowly gain momentum after being launched on the secondary market (Binance), and eventually grew into hundred-fold and thousand-fold coins.

1. For projects that were established during a bear market but have not experienced a bull market, investing in low-priced products may increase the probability of finding 100x coins. Look for projects with relatively small market capitalizations, focus on areas with innovation potential and market prospects, evaluate project backgrounds and team strengths, and most of them will unlock circulation rates of more than 80%.

There are several tracks here. In the violent bull market from 2020 to 2021, the public chain sector, Defi sector, and GameFi sector performed exceptionally well. For example, the public chain 100x coins include SOL (100x), AVAX, and the second-layer Matic, the Defi sector includes Uni, Cake, AAve, CRV, etc., and the Gamefi sector includes Sand, AXS (1600x), etc. These leading coins are all 100x coins.

Of course, if you can’t hold on to a 100x coin and want to switch to a mid-term large-band cycle, that’s also possible. The advantage of this is that you can quickly recover funds and improve short-term utilization.

2. Replacement rate of the top 100 currencies by market capitalization On March 15, 2020, the replacement rate of the top 100 currencies in the cryptocurrency market was 67% compared with the top 100 currencies at the peak of the market on November 8, 2021. The same is likely to be true for the next bull market. The top 100 projects now often need new narratives to fill the next bull market.

3. Participation of investment institutions Institutions that have invested in more 100x coins include Multicoin, Polychain, Alameda, BN, and A16Z (Alameda has returned to zero). Circulation and unlocking: Unlocked circulation is distributed in the range of 40%-60%, which is the area with the highest probability of 100x coins in the previous round.

4. Circulation and unlocking situation Unlocking circulation is distributed in the range of 40%-60%, which is the area with the highest probability of 100x coins in the previous round.

5. Project Establishment Time Among the 100x projects, 80% were established in the 18-20 year bear market cycle, and 20% were established before 2017 (the previous cycle). We need to pay attention to the projects established in 2017 and 2018.

6. Token unit price Investors generally prefer varieties with lower unit prices Although the unit price of cryptocurrency cannot fully reflect its value, the market still has a preference for low-priced varieties.

7. The relationship between market capitalization and circulation The relationship between market capitalization and circulation is also a key indicator, especially when looking for potential 100x coins. Projects with relatively small market capitalization have greater room for growth.

8. Industry fields From the perspective of industry fields, DeFi, cross-chain interoperability, infrastructure, Layer2 and X2E project background and team strength. The background, team strength and sufficient funds of the 9 major projects are also important factors.