ChainCatcher news, trader Eugene Ng Ah Sio posted on social media, saying, 'In times of high prices, finding new ideas is indeed challenging. How do you have confidence in projects that have already increased 10 times from the bottom?'
My framework for building confidence can be summarized as follows:
Represents a brand new idea—this can be achieved through a new vertical, new products or services, or even a new token economic model (like a Ponzi model).
Look for newer names, with fewer holders and smaller unrealized gains for existing holders—this is why new coins often perform better than old coins, as they have no natural resistance levels and no inflation or sell-off pressure.
Look for theoretically unlimited valuation ceilings—this is why meme coins perform so well, because they are unvalued.
Now, there is a token that reasonably meets all these criteria in some ways.