Wall Street trades 6 features of 100x coins in 2024 The replacement rate of the top 100 by market value is 67%. The next bull market often needs new narratives to fill in.
I. Features
1. Market value ranking analysis From the market value ranking, in March 2020, 61 100x coins were born in the top 600 currencies by market value (secondary market). Among the top 100 currencies by market value, there are 11 100x coins, accounting for 18%, namely #BNB, #LINK, #ADA, #DOGE, #VET, #SNX, #SOL, #THETA, #HOT, #ENJ, #LUNA. Old coins have new narratives, which is also a new growth outbreak point. For example, BNB and BSC chains have broken away from the single exchange token attribute. Among the top 100-300 currencies by market value, 21 100x coins were born, accounting for 34.4%. Among the top 300-600 currencies by market value, 22 were born, accounting for 36%. There are 7 more, whose market value is too low to capture data. So overall, among the top 300 by market value, a total of 32 hundred-fold coins were born, accounting for 10.6% of the total, one in ten.
2. From the perspective of investment institutions, only 9 have verifiable institutional investments. The proportion is low. From 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 limited secondary market screening logic, many projects had not yet issued coins. And the institutions at that time, such as: #Multicoi#Polychain#Alameda#BN#A16Z, also became the top capital of cryptocurrency later!
3. From the perspective of unlocking circulation. MC is concentrated in the 40%-60% range. It is not good if it is fully circulated, nor is it good if it is sparsely circulated. This is a strange phenomenon that cannot be falsified. There is no sufficient reason to convince myself for the time being (welcome to discuss). It is likely related to the time of birth, most of which were born in 2018, 2019, and 2020.
4. From the time of project establishment. Among the 100x projects, 76% of the projects were established in the 2018-20 bear market cycle, and only 24% were established before 2017 (the previous cycle). Projects with more than 200x: 85% were created in 2018, 2019, and 2020. Among the 100x projects, only 1.7% were created in the late bull market (2021). So from this logic, projects in 2022 and 2023 should be paid more attention. Inspiration: Pay attention to projects issued in 2022, 2023, and 2024.Don't look at old projects.
5. From the perspective of token unit price Generally, people prefer cheap products. The lower the unit price, the more project tokens can be exchanged for the same unit of USDT, which makes people feel more fulfilled or happy. This is a strange phenomenon, but the facts are here.
6. Best configuration time The low point of 100x coins is basically synchronized with the low point of BTC, and the high point of 100x coins is also basically synchronized with the high point of BTC. From the current situation, the second bottom, 15,000 or below 15,000, is likely to be the best time to buy a copycat. I expect that the low point of the big cake in the US financial crisis may be 9,800, but who knows. Make a good strategy and build positions in batches.
2. Track classification
1. Public chain The largest number of 100x coins belongs to the public chain, with a total of 17, accounting for 27.8%. Among them, there are 14 L1, 2 L2, and 1 L0. Comments: In the last cycle, in order to solve the pain points of ETH expansion, TPS, GAS fees, etc., similar to the bull market in 2017, there was a phenomenon of a hundred schools of thought in the public chain, among which there were many high-performance public chains such as #SOL, #MATIC, #BNB, etc., which brought prosperity to our cryptocurrency market! In the future, the public chain with a hundred times the probability of being born will be L2, L0, and privacy public chain. In fact, it is not meaningful to do L1 again. Whether L2 is the current OP or ARB, or the future ZK, they are all good options
2.GameFi The second largest number of hundred-fold coins belongs to GAMEFI, with a total of 5, accounting for 8.2%. GAME has always been a battleground for traditional WEB2 strategists, with Tencent NetEase in front and Mihoyo in the back. This track is the most profitable and the most profitable. At the same time, it is also the best educational tool for cultivating users outside the circle to enter WEB3. Only when there is a strong consensus among many people and the market value of cryptocurrencies continues to reach new highs, can institutions cash out at a better price. Therefore, institutions are also willing to invest, and it is naturally a hot spot among hot spots. In the game track, there are super applications, such as #AXS, #GMT, and public game chains, such as #IMX, #RON. There are also those who focus on the entire game ecosystem, such as #GALA, #MAGIC. There are many paths to choose from. This track is likely to be the field with the most 100x coins in the next cycle. Here are several game varieties with a high probability of 100x coins in the next cycle. You can pin them to the top of the homepage to join my village.
3. DeFi, MeMe The third largest number of 100x coins belongs to cross-chain, IOT (Internet of Things), DEFI, and MEME coins. There are 3 of them, accounting for 4.9% respectively. In terms of these directions, the Internet of Things is likely to have nothing to do in the next cycle. Cross-chain is a rigid demand, and one or two kings will definitely be born. MEME depends on fate, and there will definitely be one. The method is to do more on-chain analysis, the correlation between addresses, and the capture ability of giant whales. This can be expanded later. Combined with tools, DEFI should also be the track to produce the top three 100x coins in the next cycle.
Among them, I focus on: the derivatives direction in DEFI, the algorithmic stablecoin direction, the credit direction, NFT lending, NFT liquidity, and CRV ecology. These fields are likely to give birth to 100x coins.
Fortunately, these projects have already appeared and are growing, and they are worth looking forward to.
