In March 2020, a total of 61 100-fold coins were born among the top 600 coins by market capitalization, which shows that even within a relatively large market capitalization range, there are still many coins that have achieved more than 100-fold growth. This may reflect uncertainty and opportunity in the market.
If we focus on the top 100 coins by market capitalization, we can see that 11 coins have successfully achieved 100-fold growth, accounting for 18% of the entire top 100 coins. These include BNB, LINK, ADA, DOGE, VET, SNX, SOL, THETA, HOT, ENJ and LUNA. The success stories of these currencies may be worthy of in-depth study.
It is worth noting that old currencies may also achieve a new round of growth by finding new narratives and growth points. For example, through the combination with the BSC chain, BNB is no longer limited to a single exchange token attribute and shows new growth potential.
Token unit price preference: Investors generally tend to choose tokens with lower unit prices, because lower unit prices give people the subjective feeling that the same unit of USDT can be exchanged for more tokens.
Time of project establishment: Data show that 76% of the 100-fold projects were established during the bear market cycle from 2018 to 2020, while only 24% were established before 2017 (the previous bull market cycle). Therefore, future attention may be focused on projects born in 2022 and 2023.
Unlocked circulation situation: The unlocked circulation situation that investors are concerned about is neutral, concentrated in the 40%-60% range. This may be related to the time when the project was born. Most projects were born in 2018, 2019 and 2020.
From the perspective of investment institutions: At that time, the fundraising method of cryptocurrency was mainly based on ICO logic, and there were relatively few institutional investors. However, a few investment institutions such as Multicoin, Polychain, Alameda, BN, A16Z, etc. later became the top capital in the cryptocurrency field.
Best allocation time: The lows and highs of 100X are basically in sync with the trend of Bitcoin (BTC). Under the current circumstances, the possibility of a second bottom is low, but the specific trend is difficult to predict. It is recommended to formulate appropriate strategies and open positions in batches.
How long can the market fluctuate between 65,000 and 69,000? What other currencies in the current market have room for tenfold growth?
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