From CRYPTO TREYSI desk.
How to find a 100x project? đ
Today I analyzed tokens that showed good growth in the last cycle. The main conclusion from this: there is no point in accumulating "dinosaur projects".
đ€ The selection criteria I applied are:
1) Duration of creation
76% of projects appeared in the last cycle (19-20 years), and only 24% of them went public in the previous cycle of 2017. Thus projects created in bear market and at the beginning of bull cycle were more likely to go public.
2) Project focus
L0/L1/L2, GameFi/NFT/Metaverse, DeFi and meme-coins were the coins with the highest probability for X100+ growth. However, projects (L0/L1/L2) is the category that made x100 more than the others
â«ïžGameFi and meme coins quickly made X on the hype. However, it's not certain that this will be true for the next cycle. L0/L1/L2 are the fundamental blockchains of entire ecosystems, it makes sense to invest in this area.
3) Momentum of Entry
Although many X100 projects were created during the 18-19 bear market, for 90% of tokens the best entry point was the March 2020 covid dump
â My main strategy now is to hunt for new and promising L0-L3 blockchains. In case you suddenly don't know what it is, you can look up my next post.
