What do Bitcoin, Ethereum, Solana, and Dogecoin all have in common?
They were number one in their respective category.
Bitcoin became the first ever blockchain.
Eth took the throne for the programmable blockchain category.
Sol became first in high speed, low cost blockchains.
Doge was the first ever memecoin.
These players have a market positioning that's almost impossible to dethrone because they are #1.
The only other way is to create a new category and become the king of it.
Pengu is very bullish, for example, because it is on track to taking the position of #1 IP memecoin as well as #1 normie memecoin.
That's how Pengu managed to position itself and stand out.
Most coins are just duplicates of others in their category. Those who win manage to create their own category or fill in an unclaimed one.
That's how you become #1.
Show original
34.18K
99
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.