OM soared 500 times to become the king of altcoins, what makes it stand out?

Some people argue that this round of bull market altcoins will have a hard time, but OM has forcefully broken the prophecy. In just over a year, OM has surged nearly 500 times from its low point, becoming the 'King of Altcoins' in one fell swoop. Such a rapid rise has ignited the passion of the coin circle, and it also inevitably reminds people of the madness of the great bull market in 2017. Such surges were not uncommon back then. To witness such a miracle again after 8 years feels like a dream.

Although I missed this wealth opportunity OM, I do not regret it, after all, it is not within my research scope. However, as the first hundredfold coin after the fourth halving of Bitcoin, OM is definitely worth further research.

From the perspective of the sector, OM is in the hot DEFI and REA sectors in the cryptocurrency market from 2023 to 2024, attracting much attention. Its business has great potential, involving collateral, lending, stablecoin minting, game lottery pools, etc. These businesses spread rapidly, and once they create wealth effects, they attract a large number of investors to enter like a surging river.

Looking at the market again, OM has experienced a long and sufficient decline, almost falling to the bottom. As the saying goes, things will turn around when they reach the extreme. After hitting the bottom, a crazy rebound and market explosion will follow. Strong currencies usually have something in common; after breaking through historical highs, they are likely to rise again, similar to Bitcoin in this respect.

Thus, we summarize the methods to distinguish between strong and weak currencies: first, the currency's sector determines the level of development; second, its own technical strength determines the upward potential; third, whether the market has been thoroughly washed.

The success of OM has distilled three key pieces of information, which may not make people overnight wealth, but can help us establish the correct investment perspective and stay away from air coins and garbage coins. As long as you survive in the market long enough, hold funds, and wait for the right opportunity to appear, you can act decisively.

The legend of OM is hard to replicate, but similar opportunities definitely exist. We should pay more attention to hot sectors, study diligently, improve our abilities to become professional investors, this is the fundamental way to survive in the currency circle.