Only 10% of altcoins will bring 10x+ gains in this bull cycle. Asset selection is more important now than ever, buying the wrong token = lost opportunity cost.
1. Throughout all cycles, one thing remains constant: altcoins are still a place to make millions of dollars in profits with small bets.
In the last few cycles, you could blindly choose any altcoin to invest in and make a huge profit of around 5 times at the peak of the bull market.
2. However, some things have quietly changed in this bull market cycle, and now we must be more cautious when choosing altcoins.
① The market size has expanded significantly, and projects are competing for attention several times over in the past. In the current situation, it is crucial to choose the right assets.
➜ Choice is more important than ever.
➜ Selecting promising altcoins is becoming increasingly challenging.
➜ Currently, the fundamentals that used to be the criteria are losing their importance.
② Simplify your approach, put aside old theoretical thinking, and put yourself in the public's perspective.
As cryptocurrencies gain widespread acceptance and popularity, more and more retail investors are entering the market, many of whom are newcomers. This trend cannot be ignored.
The main driving force behind the growth of altcoins is that the "investment logic of the project" is simple, clear and easy to understand for retail investors.
Even for old crypto holders who have a deep understanding of cryptocurrencies, it is crucial to take into account the opinions of new crypto holders.
Memecoins (MEME) are currently outperforming other types of cryptocurrencies due to their rapid growth driven by a self-sustaining process and the popularity of memes.
3. The altcoin season has not yet begun, and a large number of altcoins are falling due to panic in the past few days. This provides a reasonable opportunity for various projects to enter.
Just recently, I found myself rebalancing the portfolio, dropping some of the “favorite” projects and prioritizing those that have a better chance of success, even if their fundamentals “look” weaker at the moment.
4. Here is a short list of projects that I think can attract market interest during the alternative season, covering RWA, MEME, and BTC L2.
①◢ IxSwap - $IXS
➜ IXSwap is positioned as the RWA Uniswap within the Investax framework and is backed by Coinbase Ventures and global institutions.
Serving as a bridge between the traditional financial and cryptocurrency sectors, it has a network of over 30 partners, including Coinbase and UOB.
With a dedicated team that is adept at mastering the tasks at hand, taking guidance from advisors, and methodically implementing its roadmap, IXSwap aims to grow into a significant platform.
②◢ WIF and PEPE
Memes play an important role in this cycle and must be acknowledged and not ignored.
People tend to invest in things that they are discussing and that they are familiar with.
- $WIF is one of the most popular memes currently
- $PEPE is a famous Meme
These two meme coins have a much lower market cap compared to DOGE, making them potential choices for many as people hope it will reach a similar value.
③◢ exSat- $xsat
➜ exSat is a docking layer that aims to bridge the gap between Bitcoin and the many layer 2 scaling solutions for the Bitcoin ecosystem. exSat combines multiple blockchain technologies together to create a powerful solution that overcomes many of the current challenges in improving Bitcoin scalability.
exSat’s technology stack combines multiple consensus mechanisms, including PoW for miners, PoS for BTC staking validators, and the DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS block space (EOS RAM) to achieve on-chain storage of block data.
5. As mentioned before, if there is another big drop, it will be the best time to buy before the altcoin season starts.
Therefore, before making any purchases, think carefully about your strategy.
If you plan to buy at the bottom, consider keeping an appropriate proportion of stablecoins.
If you are prepared to buy and hold for 2-4 months, maybe now is a good time to buy.
➜ Most importantly, have confidence in your position and avoid panic selling at the first sign of a decline.
