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The current cryptocurrency market is showing some turbulence, but this fluctuation actually creates opportunities for investors to discover potential projects. Although it may seem easy on the surface to choose quality projects, the reality is often not that simple.
Looking back, how did the projects chosen based on personal judgment perform? Did they meet expectations? Even if the results are not satisfactory, one should not be overly critical of oneself. After all, in this market, there are very few projects that can stand out, possibly only one in ten thousand.
Let's take a look at the scale of Crypto Assets: According to CoinMarketCap, the total number of Crypto Assets listed currently exceeds 24,000. If we exclude the two most well-known ones, there are still as many as 23,998 left. Moreover, CoinGecko's data is even more staggering, approaching 30,000.
Even more surprisingly, there are about 4 million types of ERC-20 tokens alone. If you add tokens on blockchains like BNB Chain, Solana, and Polygon, the total has reached the millions.
Therefore, strictly speaking, the number of small crypto assets is no longer a concept of "thousands," but rather in the millions. Most of them are not counted because they lack actual trading value.
Even if we only focus on the Crypto Assets listed on mainstream exchanges, the number exceeds thirty thousand. In the face of such a vast selection, do you still think that choosing a quality project is an easy task?
In this market full of opportunities and challenges, it is crucial to remain rational and cautious. Although turbulence brings opportunities, it also increases risks. Investors need to conduct in-depth research and make careful selections to find truly potential projects in this complex and ever-changing market.