Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Many coins claim to be leading coins, so what kind of coin qualifies as a leading coin???
Many assets claim to be leading assets, so what kind of assets are considered leading? Is it true that only the ones with the largest market capitalization are leading?
First, a coin with a too small market capitalization is definitely not a leading coin, because market capitalization generally reflects the strength of the community's market consensus. If a coin is not at the forefront in terms of market capitalization and is still called a leading coin, that would simply be a joke.
Second, the market consensus is insufficient, and a coin with overly concentrated chips is definitely not the market leader. This involves the issue of chip structure. If the chips of the underlying asset are in a highly concentrated and controlled state, it may become a target with a large market capitalization, but it is not necessarily the leading coin with the highest level of market consensus.
Thirdly, those with insufficient community expansion ability cannot become market leaders. If a project has dispersion, with a large number of holders but is overall quite scattered, lacking strong community cohesion and external diffusion power, then it will not become a market leader.
Fourth, the significant turnover in prices has propelled the market, and the wealth effect is evident.
Fifth, the price is market-oriented, smooth and strong. The price of leading projects in the market is definitely relatively strong, showing relative resistance during general market corrections, and will quickly rebound and rise once the market stabilizes.