This round of bear market has entered the second half from 21 to 23 years. It is undoubtedly a critical year now. No matter how much the last bull market has risen, our attention should be focused on the layout of the next round of bull market. There is no People like bear markets, but they like the low prices that bear markets bring.

Only in a bear market can you find opportunities for excess wealth growth. Prices fluctuate around value. The characteristic of a bear market is that the prices of many high-quality investments have been significantly lower than their value.

According to rough data research, at the peak of the last bull market, the total market value of cryptocurrency was close to 2.9 trillion, and the total market value of the top 100 currencies accounted for about 95% of the total market value, or 2.75 trillion.

Among the top 100 currencies, excluding the top 20 by market capitalization (accounting for about 90% of the market capitalization), the remaining 21-100 account for about 2.75*0.1=275 billion. The average market capitalization is about 275 billion/80=3.4 billion. The market capitalization of the top 50 currencies is more than 4 billion, and the market capitalization of the 100th is close to 1 billion.

According to the analysis of previous Bitcoin price patterns, it is highly likely that Bitcoin will break 100,000 in the next bull market. At this time, the total market value of the crypto market will be no less than 4.25 trillion. The top 100 currencies will start at around 1.5 billion, and the market value of the top 50 currencies will be around 6 billion.

If the price of Bitcoin exceeds 150,000, the market value of the 100th largest company will be approximately 2.25 billion, and the market value of the 50th largest company will be approximately 9 billion.

Taking this as a reference, we can roughly judge the return rate of the coins currently chosen to be held for a long time in the bull market based on the token unlocking situation.

Criteria for Screening 100x Coins

1. Good fundamentals, belonging to the hot sector

ARB, ZK, L2, decentralized derivatives exchange, AI, Metaverse and game Gamifi, NFT, new public chain sector, etc...

2. Have good narrative skills and ecological sustainable development

Positive cycle, great potential for growth, good earning ability, preferably a leader in the sector.

If you are not a leader but have a comparable or even better ecology, financing amount, technology, team, investors, narrative, revenue and other capabilities than the leader.

3. Market value is less than 200 million U, preferably less than 100 million U

This can be combined with the last point. If the project is good but the market value exceeds the limit by a lot, you can wait for the price to fall back to meet the conditions before entering.

If it increases a hundred times, the market value will be 10-20 billion.

If the market value is already over 1 billion, and it increases 100 times, the possibility of the market value exceeding 100 billion is relatively low.

4. Preferably a new project from October 2021 to 2023

We have not experienced a bull market yet, there is no trapped shares above, there is no pressure to pull up the price, and there is no upper limit to the price.

5. Investment from well-known large institutions

Such as A16z, DCG, Pantera capital, CoinbaseVentures, BlockchainCapital, Binance Labs/Capital, Multicoincapital, etc., especially Binance’s investment in IEO.

6. The price should not exceed 5 times the cost price of the institution

The closer to the cost price of institutions or dealers, the better, and it is best to break even. You have to believe that dealers and institutions are not willing to only take 10 times in the bull market.

7. Strong moat and no strong competitors

Compared with peers, it has a clear leading advantage and is irreplaceable, and monopoly is the best. Otherwise, it may be replaced and surpassed by better projects at any time.

8. The circulation rate should be above 30%

If the circulation is too small, the selling pressure will be high in the later stage. It is better not to issue tokens indefinitely, and it is better if there is a deflation mechanism for destruction.

9. The daily and weekly levels have been trading sideways for a long time at the bottom, and the bottom has been trading sideways for a long time with shrinking volume and then continuously rising with huge volume.

There is no such requirement for newly launched projects

10. The bottom should not rise more than 2-3 times

If it exceeds, you can wait until it callbacks to the range that meets the conditions before getting on the train. If you can't wait, forget it.

If you get on board after the price has increased 10 times, when others have increased 100 times, you have only increased 10 times. Good coins must also have a good price.

This is the final entry condition. Make sure other conditions are met before discussing the better entry price.

Announcement of potential currencies

These coins are all in my hoarding list, and I only buy and never sell before the bull market bubble. (This is not an investment advice, please refer to it with caution)

DYDX

Section: Dex Defi, the founder was originally a Coinbase software engineer.

Dydx is a decentralized perpetual contract exchange and a leading derivatives provider. It has been deployed on the L2 network, uses L2 expansion technology, and provides L1 spot, leverage, and lending services. It is a real powerhouse in the DeFi industry, supported by some of the biggest players in the field, such as Andreessen Horowitz, a16z, and Brian Armstrong of Coinbase.

1. Dydx utilizes a hybrid infrastructure model, primarily non-custodial, on-chain settlement and an off-chain low-latency matching engine with an order book.

2. Two major types of derivatives models: one is the order book model represented by DYDX, and the other is the liquidity pool model represented by GMX.

3. Derivatives trading agreements, including perpetual contract trading agreements, option trading agreements, synthetic asset trading agreements, etc. Perpetual contract trading agreements have the largest volume, and representative projects of perpetual contract trading agreements include dYdX and GMX.

4. The biggest feature of decentralized exchanges is security. The data is open and transparent. All transactions and data can be queried on the chain, avoiding the black box operations of centralized exchanges.

SMEs

Immutable X is a second layer (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, featuring instant transactions, massive scalability, and zero-fee minting and trading, all without compromising user or asset security. IMX tokens are the native ERC20 utility tokens of the Immutable X protocol, which users can earn through pro-network activities such as trading, and can be used to pay fees, perform governance, or stake the protocol.

1. Use zk rollup technology to solve the high gas fees and scalability issues when minting and trading NFTs. Vitalik Buterin believes that in the medium and long term, as ZK-rollups technology improves, ZK-rollups will win in all cases (which means that the IMX token project will be better than the OP project in the medium and long term).

2. IMX was launched on Binance in January 2022, 8 months later than the market peaked, meeting the most basic conditions for the launch of potential coins.

3. From tokenunlocks, we can see that only 56% of the tokens have been released so far. Therefore, the best time to buy is very important.

RDNT

Radiant builds the first all-chain money market on LayerZero, where users can deposit any major asset on any major chain and borrow a variety of supported assets on multiple chains. RDNT is Radiant's native utility token, and its emissions are distributed to users who provide utility to the platform as lenders, borrowers, and RDNT/WETH liquidity providers.

1. The benefits of Cancun upgrade.

2. With a strong backing, Rdnt is one of the biggest beneficiaries of ARB. Apart from Rdnt, no other money market has listed ARB yet, so a continuous inflow of funds is expected.

3. The benefits are obvious. From the 90-day revenue, Radiant has surpassed Aave, Comp and even Sol. It is one of the fastest growing protocols in the field.

4. The community is very active, and the average approval rate of DAO governance proposals is very high.

GAL

GAL is a Web3 credential data network. Built on an open and collaborative infrastructure, GAL helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities.

1. In the Web3 track, it has been listed on three major exchanges: Binance, Coinbase, and OK.

2. Multicoin Capital and Dragonfly Capital jointly led the investment, and Coinbase and Binance participated in the investment.

3. It has a large user base, more than 60 million users, millions of Twitter followers, and updates project status every day, which shows that it is doing something.

4. The market value is low, and the chips are concentrated, with 68% still in the market. The main players will make the market only when they have enough chips. So we are talking about the market benefits brought by the bull market.

LINA

Lina is a decentralized lending platform based on blockchain technology. Lina's goal is to provide users with fast, convenient and low-cost lending services by leveraging the transparency and security of blockchain.

1. Binance IEO

2. Launched in March 2021, it has experienced a long baptism in the bear market

3. Low market value: Ranked 213, down 95% from the highest price of 0.23u on the first day of listing

That’s all for today’s sharing. Follow me, I will continue to output value and look for coins with 10-100 times the potential to be launched in the past and in the future!