In the cryptocurrency world, whether you can hold a certain coin for a long time depends mainly on whether it has an ecological closed loop and practical applications!
1. Importance of practical application
Take BNB as an example. It can not only reduce the handling fee, but also be used for staking mining. It has a wide range of uses and a large application range, so it is naturally recognized by everyone. Another example is TRX TRON, which attracted a large number of retail investors with low transfer fees, and Sun Yuchen also stood invincible. UNI is also a good example.
2. Coins without applications are unlikely to last long
If a coin has no practical application and no good deflation or destruction model, it is difficult to go long-term. For example, SATS mentioned many times in the live broadcast that it must launch applications to get started, otherwise it will not be on the stage. The same is true for ORDI. At present, these coins are just taking advantage of the hot spots. If they do not adjust their strategic direction, they will eventually be eliminated by the market.
Finally, in the cryptocurrency world, the most important thing to consider whether a coin can be held for a long time is whether it has practical applications and a closed ecological loop. A coin without practical applications, even if it is popular for a while, may eventually be submerged by the torrent of history.
