First, let's review the last bull market that birthed 61 hundredfold coins.
The last bull market created many hundredfold coins, and this current bull market is no different; the crypto space is never short of narrative directions.
Back to the point, what information can we glean from the 61 hundredfold coins in the last bull market?
Several necessary conditions for hundredfold coins in the last bull market are also indicators for selecting the next round of hundredfold coins, so let’s discuss them together.
First, they must be new coins that emerged during the bear market after Bitcoin peaked, without having gone through a bull market. Based on the previous cycle, we consider mid-2021 as the starting point for the bull market and outline the timeline for the birth of the hundredfold coins.
76% were born between 2018-2020, 24% were born in 2017, and 200-fold: 85% were born between 2018-2019. Only 1.7% of these hundredfold coins were born at the end of the bull market!
From this logic, we should pay close attention to new coins released between 2022-2023. The market cap must be low; ideally, the market cap at the time of entry should not exceed $500 million.
The 61 hundredfold coins from the last cycle all began with a market cap within the top 600~ Additionally, narrative direction is important. Looking back, public chains accounted for the largest share, with 17 hundredfold coins, making up 27.8%; followed by gamefi with 5 hundredfold coins. Then came cross-chain, DeFi, and meme sectors.
Before the last bull market, public chains received little attention, but later Ethereum gained immense recognition, and various public chains were widely focused on, leading to a "Hundred Chains Contending" scenario. As for this round, sectors like the L2, Hong Kong, artificial intelligence, and gamefi are worthy of attention. The gamefi sector must be a focal point; during a bull market, there is significant user base growth, something only the gamefi sector can achieve, resulting in a better wealth creation effect. In fact, the narrative of the last round's gamefi was merely an appetizer; overall, it had little playability. Therefore, we look forward to the next round's performance.
Next, consider the project background and team strength. The institutions that have successfully invested in many hundredfold coins include Multicoin, Polychain, Alameda, BN, A16Z, etc.
Furthermore, regarding token distribution, the best unlock circulation should be distributed within the 40%-60% range, which is also the area where many hundredfold coins from the last bull market had a high probability of occurrence.
To summarize:
1. Project issuance time: Bear market
2. Sector selection: Leading or second-tier in each track
3. Circulating market cap: Below $500 million
4. Project background: Strength! (Check investment institutions)
