Trader Eugene: The standards for quality project altcoins are gradually becoming clearer
ChainCatcher news, trader Eugene Ng Ah Sio posted in his personal channel, reflecting on the development of altcoins in the market, especially after the meme coin craze and HYPE, the market patterns have become clear. Projects with the following three characteristics will gain market premiums:
- 1. A sustainable business model (preferably independent of the bull and bear cycles of the crypto market);
- 2. Extremely low token inflation achieved through unlocking mechanisms (investors or team sell-offs);
- 3. A team that values the interests of token holders, usually manifested by using part of the revenue for open market token buybacks (note: this is fundamentally different from the destruction of tokens with no actual value).
Eugene stated that currently, projects that meet all three criteria are rare, with HYPE being a prime example. However, it can be anticipated that the next batch of market winners is in the making.
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