Seven factors for selecting altcoins
1. Choose coins with active trading volume but relatively low market value: coins with active trading volume usually have better liquidity and are easy to buy and sell, while coins with relatively low market value may have greater room for growth, but they are also accompanied by higher risks.
2. Choose fully diluted coins: fully diluted coins mean that there is no selling pressure caused by large-scale unlocking in the future, which can reduce the risk of price fluctuations.
3. Pay attention to new hot spots and narratives: investors can pay attention to hot spots in emerging fields, such as education (such as EDU), etc. These emerging fields may have potential for growth, but it is also necessary to pay attention to the fact that hot spots may change.
4. Choose sectors that are not over-hyped: Choose sectors that have not been over-hyped in the past bull market, such as domain name sectors (such as ID and ENS), and there may be opportunities to discover undervalued investment opportunities.
5. Lay out hot tracks in this round of bull market: focus on hot tracks in the current bull market, such as artificial intelligence (AI) and Hong Kong concepts, which may attract more funds and attention.
6. Pay attention to sectors that are likely to attract market attention: AI, gaming sectors, etc. are usually easy to attract market attention
7. Don’t chase the rise, but gradually buy when the market falls, and invest a small amount each time until the final big bull market arrives