To be honest, I was very cautious about this type of new coin at first. The reason is simple: those who entered earlier have already made a fortune, and latecomers are likely just taking over the leftovers. The pressure for early profit-takers to cash out is huge, and the risk for retail investors who enter later is just as high.
But that doesn't mean there's no opportunity. On the contrary, if the ecosystem that this coin belongs to really takes off, then the core coin of the entire ecosystem will also rise. For example, BNB's performance within its own ecosystem can illustrate this point.
So instead of jumping straight into the new coin, it's better to think differently: if you have confidence in the prospects of a certain ecosystem, just stake the foundational coin of that ecosystem. You can enjoy the dividends of ecosystem growth, and the risk is much more controllable. The logic of making money becomes clearer.
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To be honest, I was very cautious about this type of new coin at first. The reason is simple: those who entered earlier have already made a fortune, and latecomers are likely just taking over the leftovers. The pressure for early profit-takers to cash out is huge, and the risk for retail investors who enter later is just as high.
But that doesn't mean there's no opportunity. On the contrary, if the ecosystem that this coin belongs to really takes off, then the core coin of the entire ecosystem will also rise. For example, BNB's performance within its own ecosystem can illustrate this point.
So instead of jumping straight into the new coin, it's better to think differently: if you have confidence in the prospects of a certain ecosystem, just stake the foundational coin of that ecosystem. You can enjoy the dividends of ecosystem growth, and the risk is much more controllable. The logic of making money becomes clearer.