When selecting high-quality altcoins, we can consider multiple dimensions. Current popular tracks include public chains, MEME, AI, games, L2, DEFI, etc., but the performance of projects within the same track varies greatly.
Taking MEME as an example, although People, Doge, and Floki are all established players, their price increases are drastically different. People’s performance is mediocre, while Doge and Floki have soared like rockets. The reasons behind this can be summarized in several points: First, narrative is crucial. Doge gained massive attention due to mentions by Musk on Twitter, with traffic and capital continuously pouring in, driving up the price; secondly, the project's community team is actively managing and shaping the narrative and advancing the project, for example, Doge expanded to other platforms after the Binance listing; finally, strong market maker support is also a factor that cannot be overlooked.
In terms of public chains, not all projects are worth investing in. For example, Solana (SOL) and Injective (INJ) remain resilient in the last cycle and have reached new highs, while other projects have gradually gone quiet. The influence of the investment team is also significant, as projects like Sol, INJ, Sui, Apt, etc., all have the backing of the globally renowned market maker JUMP.
Investing in cryptocurrencies requires rationality; market dynamics and the favor of large capital are the keys to success, so do not be overly self-satisfied.
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