The craze for altcoins has fully begun, and the market share of BTC has declined.
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Institutions are buying BTC while retail investors are flocking into the altcoin market.
To evaluate altcoins, one can consider the following aspects:
1. Team Factors
The strength of the team is crucial; this is the primary core. Just like Doge, Elon Musk, as a strong supporter, is the key driving force behind its price increase.
2. Project Situation
Pay attention to whether the project team is proactive, whether they have outstanding storytelling ability, strong narrative skills, and marketing capabilities, while also noting the community development status and community sentiment.
3. Market Capitalization Consideration
It is necessary to examine whether its market capitalization is undervalued, and it can be compared with leading competitors in the same field. Additionally, observe whether recent trading volume has increased; it is best to choose altcoins with a daily trading volume above 10 million U.
4. Token Economic Model Research
Do not purchase tokens that are in a constant state of inflation or those that are in a lock-up period; instead, choose those that are close to completing their lock-up.
