It is not difficult to find that in every bull market, there will be several or even more coins with amazing growth. These coins have several common characteristics, which I think are very important:
First of all, they are often newly issued between 2023 and 2024. Why are they new coins and not old coins? Old projects have experienced a bull market and then fell into a bear market, and the confidence of the coin holders is almost gone. It costs much more money for the project party to pull up the old project than to launch a new project, and the new project has a new story and no locked-in shares, so it is easier to pull it up. Therefore, choosing a new coin has a greater chance of success. Of course, it must have experienced a long period of bottom shock, and the monthly chart shows that funds are quietly absorbing funds.
Second, these coins must have a space for imagination that will make people’s eyes light up. It is best if they can change our production and lifestyle and bring about a technological revolution. Just like OpenAI’s ChatGPT, it has pushed the application of artificial intelligence to a new height. Such projects can attract everyone’s consensus and must be backed by top investment institutions. Institutions have a much better vision of technological revolution than ordinary people. Once they make a move, many people will follow suit.
Third, the market value should be small, less than 100 million US dollars is the most appropriate. If the market value is large, it will be difficult to increase. In addition, the project must have investment from well-known institutions in the industry and top IP to add points to it. (For example, Musk supports Dogecoin)
Fourth, during this period, you should keep an eye on high-quality projects that have high market attention and are invested by well-known institutions. For example, Ethereum's second-layer network, artificial intelligence, L2, metaverse applications, games, DeFi, and Hong Kong sectors. Pick ten projects for in-depth research to see how the project team, investment institutions, and upstream and downstream applications are applied. It is best to try the project yourself. Good projects have airdrop rewards.
Fifth, good projects have their own traffic, and exchanges are eager to list them. Therefore, you have to see if the project is listed on major global exchanges, such as Binance, Coinbase, and OKX. If it is not listed, don't consider it. If even professional institutions haven't discovered a good project, let's not waste time. Copycat projects, especially those in China, don't touch them no matter how well they are packaged, because many of them are scams. If you want to dig deeper into the background of the project, you can use ChatGPT to check it first.
Sixth, the secret to making money in the cryptocurrency circle is to speculate on new things rather than old ones. New projects have new stories, the team has good creativity and cohesion, and the shortcomings have not been exposed, which makes people imagine. Of course, old projects can also turn around, but the probability is small. This is true for companies and people.
After selecting projects with 100-fold potential, build a self-selected pool, no more than ten. Don't rush to buy in full, you have to observe the market sentiment and buy in batches when the price adjusts. After buying, transfer it to your own wallet, don't put it in the exchange, it's easy to lose it. It's best to use a wallet that is not used frequently, which is safe and convenient to manage.
Those who have been in the cryptocurrency circle for a long time and experienced several rounds of bull and bear markets know that if you want to make a lot of money, you don’t have to stare at the news every day. Work when you should work, travel when you should travel, and don’t even need to watch the market. Invest in potential coins in a bear market and sell them in a bull market. It is harder to keep coins than to be a widow, because we pay too much attention to them, and we are more likely to miss out on hundreds or thousands of times of returns.
In addition, the test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of changes in the account, we must remain rational. Next, I will announce the next 10-fold potential coin! It is better to grasp it than to guess blindly! Like + leave a message, share it without any taste.
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