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Despite the abundance of AI #memecoins on BSC, it's unlikely that another one with a market capitalization of over a million will emerge!
In the past few days, AI projects on BSC have sprung up like mushrooms after rain, just as I predicted. The success of #潜龙勿用 and $HOLDAI has given many individual investors hope for starting their own businesses. However, even the most promising sectors will see their market capitalization compressed once they get hyped up, especially given the current unfavorable environment in the crypto. Liquidity is limited, and Binance's top management is now like emperors. Both speculators and retail investors are waiting for them to choose them. Only those who are chosen have a chance to grow and become powerful; otherwise, the maximum is only a few hundred thousand. Therefore, I've been focusing on low market capitalization projects these past few days. No matter how amazing the concept, projects below $50,000 are guaranteed to survive; anything above $150,000 starts to sell. Don't think I'm narrow-minded; the more projects there are, the more severe the diversion, and the more the upper limit is compressed. Also, the AI sector is like a sentimental on-chain meme; play new, not old. The updates of old projects have less room for imagination compared to the reconstruction of new ones. Except for a few leading projects, there's no need to hold onto others indefinitely. When choosing a project, try to select those with already launched products and consistent investor development. There are plenty of scams that fabricate concepts but don't actually produce anything.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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