In 2020, DOGE became a 100x coin, in 2021 it was SHIB, in 2022 it was Pepe, and in 2023 it is BONK. In 2024, it will be OM. As for this year, it is still uncertain which 100x coin will emerge, and everyone is speculating and searching for who the next dark horse will be.

To seek 100x coin, there are many key points to pay attention to.
1. A low market cap is crucial, meaning that the circulating market cap relative to the total market cap should be low. This way, the project team cannot easily dump their tokens for quick riches, allowing for greater upward potential. High-valuation potential sectors should not be underestimated, such as projects expected to reach a valuation of 1 billion dollars during a bull market.
2. An innovative narrative is essential, meaning the project must effectively solve problems rather than exist in a niche market. Early-stage coins are also an important consideration, as they often give rise to 100x dark horse coins when they are initially overlooked. The launch time of the coin is usually at the end of a bull market or the beginning of a bear market, with a washout period typically between 6 to 12 months, and a circulation rate above 50% is preferable.
3. Low-priced coins are more attractive to novice investors, especially low-priced coins with many zeros after the decimal point.
4. Additionally, 100x coins are more likely to appear in public chains and their leading protocols. The background of the founders and the support of well-known investment institutions are crucial. Of course, the basic principles of value investing must be followed, and projects like stablecoins or deflationary tokens that do not conform to these principles should be avoided. Old coins should not be engaged unless there is a completely new and powerful narrative. Leading coins in the field are worth paying close attention to.
The current market situation is vastly different from the past. In the past, due to the wealth effect, 10x coins and 100x coins were common, attracting many newcomers to the crypto space. Even when some suffered losses or even liquidations, they still firmly believed there was a chance for a comeback, feeling that they were building the future and changing the world. However, the recent market conditions have led many to lose confidence, revealing the harshness of the market. Therefore, capturing the opportunity for a 100x coin has become increasingly difficult, but it is by no means impossible. The key lies in selecting the right projects, conducting thorough research, and patiently waiting for the right opportunity.
Certain phenomena in the market also reflect this transition. Some traders prefer to diversify their funds into various junk coins, hoping to hit a tenfold coin or 100x coin by chance, but this is more akin to gambling, with very high risks. In contrast, focusing on high-quality projects, understanding their fundamentals and technical indicators, is a much safer choice.
Even so, MEME coin remains hot. While some tokens may soar briefly before plummeting to zero, there are still some lucky individuals who profit from it. Such a market is indeed full of opportunities, but the risks are equally substantial.
Overall, the ox tail market has arrived, and there may also be a final frenzy. It is not impossible to see a 100x increase in a month. Opportunities still exist, but it requires more wisdom and patience to explore and control.