Trader Eugene shares his framework standards for cultivating confidence in projects

ChainCatcher news, trader Eugene Ng Ah Sio posted on social media, "In an era of high prices, finding new ideas is indeed challenging. How do you build confidence in a project that has already risen 10 times from the bottom?

My framework for building confidence can be summarized as follows:

1. Represents a completely new idea ------ this can be achieved through a new vertical, a new product or service, or even a new token economic model (like a Ponzi model).
2. Look for newer names, with fewer holders and smaller unrealized gains for existing holders ------ this is why new coins often perform better than old coins, as they have no natural resistance levels and no inflation or sell-off pressure.
3. Seek theoretically unlimited valuation ceilings ------ this is why meme coins perform so well, as they are unvalued.

Now, there is a token that reasonably meets all these criteria in some aspects."