Question: Why has there been no widespread rise in altcoins like in 2021?
In 2021, the Federal Reserve implemented a monetary easing policy, resulting in ample hot money in the market, which led to a general rise in altcoins. Now, interest rate cuts have just begun, and we are still distant from a monetary easing situation, but there has been improvement compared to the beginning of the year, which is still worth looking forward to. Moreover, 2021 did not see an all-year rise in altcoins; there was a general rise in the first half of the year, while the second half saw concentration in projects from popular tracks, so one must learn to pick projects at this time.
How to select quality altcoins?
In popular tracks, different projects within the same track perform differently.
For example, in the MEME track, people, doge, and floki have varying rises; people had a small increase, while the latter two could drive the market.
Dogecoin (Doge) gained traction due to mentions by Musk, leading to inflows of attention and capital, which sparked speculation and boosted prices. If a project team can actively create topics or promote the process of listing on exchanges and expand their platform, it can enhance the project's influence and visibility.
Additionally, support from strong market makers can further benefit project development.
Projects that meet these criteria have greater potential for valuation and increase; conversely, development may be limited, and this pattern applies across multiple tracks. Trading cryptocurrencies cannot rely solely on personal preferences; one must also pay attention to the market, large exchanges, and substantial capital's favor towards projects.
Selection of public chain projects
Not all public chain projects are worth participating in; for instance, sol and inj have survived from the last cycle to now and even reached new highs, while other public chain projects have not been so fortunate.
Furthermore, projects like sol, inj, sui, apt, omni, and alt are all backed by JUMP; as a significant foreign exchange market maker, the rise of its invested projects speaks volumes about its investment insight and capabilities.
