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Three Major Principles for Long-term Altcoin Selection
Always remember!
1. Do not have to choose a large market value of the altcoin:
Shitcoin with too large a market value often has gone through a boom phase and faces the risk of being replaced by later entrants. For example, previous ones like EOS, BCH, BSV, IT C, TRX, XRP, FIL, LUNA, as well as current ones like ADA, DOT, LINK, these currencies may be eliminated in the next round of competition.
2. Do not choose low market cap and limited trading platform altcoins:
Although projects like SHIB performed well in the last round, alt coins with longest market capitalization and limited trading platforms tend to be "played for suckers" by speculators. Therefore, avoid taking risks investing in these projects as they have a very low probability of success.
3. Do not choose the concept of old-fashioned, lack of innovative cottage coins:
The crypto market prefers fresh blood over old concepts, so when choosing altcoins, it is important to avoid those projects lacking novelty and innovation. Instead, opt for altcoins with fresh concepts, as these projects are more likely to attract market interest and attention. #btc