Today's market is a bit flat, so Uncle Qiang also wants to chat and sort out your thoughts on how to discern potential altcoins. Choosing altcoins is like choosing gems, and you have to analyze them from multiple dimensions.
If you are still blindly following the trend or being dazzled by all kinds of fancy names, you are making a big mistake. In fact, there are traces to follow in choosing high-quality altcoins.
Speaking of popular tracks, there are all kinds of types such as public chains, MEME, AI, games, L2, DEFI, etc., which are dazzling, right? But in the same track, some projects soared to the sky, while others were as slow as turtles.
For example, in the MEME track, People, Doge and Floki are all old faces. But if you look at their performance, the gap is huge. People is like a Buddhist youth who can't be helped at all, while DOGE is like a rocket and flies high!
Why is this so? Let's analyze it. First of all, narrative is very important. The reason why Doge is so popular is mainly because Musk mentioned it on Twitter, and traffic and funds followed, and the price naturally went up.
Secondly, the community and team behind the project are also crucial. You have to see whether the project party is actively operating, whether it is constantly shaping the narrative and promoting the project progress. Like Doge, although it performed strongly after BN, it did not stop, but continued to expand to other platforms.
Finally, the support of market makers is also key. Without the support of these capital giants, how can the price of the project be stable? Therefore, choosing altcoins is like choosing a partner. You have to consider it from all aspects. You can't just look at the name or listen to one-sided words from others. It is a wise choice to use your brain and analyze the logic and potential behind it.
