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The investment logic of alts has already changed dramatically.
The cryptocurrency market has developed for more than 10 years, and the market structure and supply-demand relationship are no longer what they used to be.
- The bull markets of 2013 and 2017 were absolute seller's markets, with crypto assets being scarce; launching any coin could lead to a price increase.
- In the bull market of 2021, assets are no longer scarce, but the liquidity of the US dollar is loose, and most alts still perform well.
- In this round of bull market, there is a severe oversupply of crypto assets, and with tight dollar liquidity, it has become an absolute buyer's market.
This means that the current altcoin market trend is bound to be structural—only a few can stand out, while most will be casualties. If you want to invest in alts, you can no longer buy blindly as before; you must carefully select and choose the best among the best.
Filtering can refer to these 5 criteria, and it must meet at least 3 to have investment value; if all are met, it is worth a heavy investment:
1. Belongs to popular narratives or mainstream tracks;
2. Track leader (at least top 3);
3. High growth potential (rapid increase in user base or revenue);
4. Valuable support (stable income + strong token value capture capability);
5. Outstanding innovation (opening up new fields, or significant improvements in performance and experience). #晒出我的Alpha积分#