61 characteristics of 100x coins in the last bull market

1. Characteristics

1. Market value ranking analysis

Judging from the market value ranking, in March 2020, 61 hundred times coins (secondary market) were born among the top 600 coins by market value.

Among the top 100 currencies by market capitalization, there are 11 hundred-fold coins in total, accounting for 18%, namely #BNB, #LINK, #ADA, #DOGE, #VET, #SNX, #SOL, #THETA,#HOT, #ENJ, #LUNA, the old currency has a new narrative and is also a new growth point. For example, BNB and BSC chains are separated from the attributes of a single exchange token.

Among the currencies in the top 100-300 market capitalization, 21 hundred-fold coins were born, accounting for 34.4%.

Among the currencies with market capitalization in the top 300-600, 22 were born, accounting for 36%.

There are seven more whose market caps are too low to scrape data.

So overall, among the top 300 by market capitalization, a total of 32 hundred times coins were born, accounting for 10.6% of the total, one out of ten.

2. From the perspective of investment institutions, there are only 9 institutional investments that can be checked.

The proportion is low.

According to the main analysis, the fundraising method of cryptocurrency at that time still applied the traditional ICO logic of 17 years, and there were few institutional players. In addition, due to the restricted secondary market screening logic, many projects had not yet issued coins at that time. Institutions at that time, such as:#Multicoin#Polychain#Alameda#BN #A16Z, later became the top capital of cryptocurrency!

3. Judging from the unlocking and circulation situation.

MC is concentrated in the 40%-60% range. It does not mean that full circulation is good, nor does it mean that there is very little circulation. This is a strange phenomenon that cannot be falsified. There is no sufficient reason to convince myself yet (discussion welcome). There is a high probability that it is related to the time of birth, most of them were born in the 18th, 19th, and 20th years.

4. Look at the project establishment time.

Among the 100x projects, 76% were established during the 18-20 year bear market cycle, while only 24% were established before 2017 (the previous cycle). 200x more projects: 85% were created in 2018, 2019, and 2020. And only 1.7% of 100x projects were created in the late bull market (2021). So from this logic, we should pay more attention to projects in 2022 and 23 years.

Inspiration: Pay attention to projects released in 2022, 2023, and 2024. Don't look at old projects.

5. Judging from the unit price of the token

Generally speaking, people prefer varieties with cheaper unit prices. The lower the unit price, subjectively the same unit of USDT can be exchanged for more project tokens, giving people a greater sense of accomplishment or pleasure.This is a strange phenomenon, but the facts are here.

6. Optimal configuration time

The low point of 100x Coin is basically in sync with the low point of BTC, and the high point of 100x Coin is basically in sync with the high point of BTC. Judging from the current situation, the second bottom, below 60,000 or 650,000, is most likely the best time to buy a copycat. I expect that the pie will fall in the US financial crisis, and the forecast low may be 9800, but who knows. Make a good strategy and build positions in batches. $BTC $DOGE $LINK