Bitcoin has entered the countdown to production cuts. In the entire crypto market, the bull market has quietly started. History is always surprisingly similar. In each round of bull market, various hundred-fold coins will appear.
Will 100x coins really appear in the crypto world in 2024? How to find 100x coins?
100x coins are not a legend. The probability of 100x coins appearing in a bull market is not low.
Track, project itself, economic model, market value, and decentralization, all of which must be analyzed carefully
What is more difficult than buying a 100x coin: Patience, holding on, and holding for a long time
Is the 100x coin a legend? Will there really be a 100x coin in 2024?
Let's look at a set of data
The top 100 cryptocurrencies by market value have seen their gains, with Bonk having the highest gain, up 7,300% (73 times)
Although the emergence of 100x coins in the crypto world in 2023 is only a flash in the pan, compared with 2022, 2023 is still not a bull market for crypto enthusiasts, and it is even a bear market, but it has improved compared to 2022, and the market has entered the end of the bear market.
Looking back, in the last round of Bitcoin production cuts (May 2020), there were quite a few 100-fold coins. Among the top 600 projects by market value, 61 100-fold coins appeared. The currently very well-known public chain Solana, its token SOL was listed shortly before the third Bitcoin halving. About a year and a half after its listing, it hit a historical high of $259.96, a 43,220% increase compared to the price at the time of listing, an increase of more than 400 times in a year and a half.
Observe the characteristics of 100x coins and find potential tracks
Tracks, sectors, and fields are just words that refer to different categories in cryptocurrencies. The classification may come from the type of project itself (such as L1/L2), or the scope of application (such as payment/privacy), or technical differences (such as Optimism/ZK), etc.
Cryptocurrency is just one type of asset, and it can be further divided into many different categories. Some categories have relatively large market potentials, while others are relatively small or face more difficult market expansion. Only a sufficiently large market scale can support a high market value of a project. If a category itself has a small market scale, the cryptocurrency project in this category is unlikely to have a high market value.
Identify potential projects
The white paper and vision planning of the project may be a blank sheet of paper, and may not be achieved in practice. Observe the background of the project team, the experience of the founder, the core members of the team and the investors to evaluate whether the project can really be implemented.
Economic Model
Tokenomics is a very important part of cryptocurrency. The supply, issuance speed, distribution ratio, purpose of tokens, etc. of a project's tokens all fall within the scope of the token economics model.
First of all, the issuance volume and issuance speed will not only affect the FDV mentioned in the next paragraph, but also the inflation rate. If the token inflation rate is too high, even a potential project will find it difficult to rise sharply, because the speed of token issuance may be faster than the growth rate of the project.
The allocation ratio affects the potential selling pressure in the future. If a large proportion is allocated to the team and investors, and there are no appropriate lock-up restrictions, as long as the token rises in the future, it may face huge profit-taking selling pressure.
Through the CryptoRank website, we can see that $Pendle has performed particularly well this year. Its token economy and unlocking time can roughly draw the following conclusions:
The team plus the private round allocation is not small: a total of 37%
Liquidity Incentives, Liquidity Bootstrapping Pool: 46% Nearly half of the circulation is given to the liquidity reward program, which is quite generous. At least many tokens are distributed to early users.
Most of the tokens have been unlocked, so there is not much pressure to dump the tokens.
Five steps to find the next 100x coin
1. Find a track with development potential
2. Find potential projects in the track
Get to key positions, master important technologies, and have team background and qualifications
3. Review the Token Economic Model
The inflation rate cannot be too high, the allocation to the team and investors cannot be too much, and the tokens must have empowerment and value acquisition
4. Screen out projects with too high market value
The higher the market value, the harder it is to increase. Projects with low market value have more explosive growth potential.
5. Diversify your investments to increase your chances of success
There is no 100% surefire way to win, don't put all your eggs in one basket
What are the potential tracks in 2024?
First of all, the bull market focuses on market expectations and capital increments. The market must have bull market expectations and atmosphere, and more capital must enter the cryptocurrency market to meet the conditions for the next bull market. The key to market expectations is#Bitcoinhalving, and the two key narratives of capital increment are#Bitcoinspot ETF and#RWAreal asset tokenization. Here we can first grasp the two key points of 2024: Bitcoin and RWA. In addition to Bitcoin itself, the former also includes Bitcoin-related ecology, and the latter is a cryptocurrency project that tokenizes various real assets.
In 2024, there are only 6 real 100x coins
1: RIF RIF operating system is the first integrated, easy-to-use open blockchain infrastructure framework.
The RIF (Rootstock Infrastructure Framework) token is intended to be a utility token, enabling any token holder to use all services that are compatible with the architecture of and integrated into the RIF OS.
2: RATS Rats are animal coins created using the BRC-20 protocol on the Bitcoin blockchain, and have the same name as rats, the most common mammal on earth.
3: BADGER Badger is a project that introduces BTC into the ETH Defi ecosystem. BadgerDAO aims to become a community that brings together all outstanding developers to accelerate the creation of various BTC products in DeFi applications.
4: T Threshold is a way to keep your information and digital assets private when using public blockchains. As Threshold, Keep's infrastructure and NuCypher's privacy tools will provide users with an integrated way to keep their digital assets private and secure. T is the utility token of the Threshold Network, which is a merger of NuCypher (NU) and Keep Network (KEEP) tokens. tBTC is the first major application on the Keep Network or NuCypher.
5: AITECH Solidus Ai Tech is the artificial intelligence division of the parent company Solidus Technologies. Solidus Ai Tech is building an eco-friendly High Performance Computing (HPC) data center and an Infrastructure as a Service (IaaS) platform where government authorities, large enterprises, SMEs and professionals will be able to seamlessly purchase AI service tokens through our AITECH.
6: IMGNAI IMGNAI creates user-generated AI tools. It is building a global leader in consumer AI. The flagship product, Nai, is an AI image-generating bot that allows Discord and Telegram users to generate works of art with simple text commands.
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