Today a friend asked me, how to choose potential altcoins?
Choosing quality altcoins actually has a method.
First, let me talk about popular tracks: public chains, MEME, AI, gaming, L2, DEFI... It's dazzling to see. However, within the same track, some projects are racing ahead while others move as slowly as snails.
Take the MEME track for example, People, Doge, and Floki are all familiar faces.
But if you look at their performance, it's like heaven and earth. People is like a laid-back youth, unable to rise, while DOGE is simply shooting up like a rocket!
Why is this happening? Let's analyze.
First, the narrative!
This is a major topic. Why is Doge so popular? It's not just because Musk mentioned it a few times on Twitter; the traffic and funds just poured in, and the price naturally went up.
Secondly, the team behind the project is also very important.
You need to see if they are actively operating, if they are proactively shaping the narrative and advancing the project. Just like Doge, after BN, they actively expanded to other platforms.
Finally, strong market maker support is also crucial.
Without these big players backing them up, can the price stay stable? So, choosing altcoins is like choosing a partner; you need to evaluate from all angles, not just look at the surface (the name) or listen to others' one-sided opinions. You must think for yourself, analyze the underlying logic and potential.