I've been trying to get to know the concepts that have attracted the attention of retail investors in the crypto world lately. That's why I examined many newly released or recently popular coins. I am using https://coinmarketcap.com/best-cryptos/ for this purpose.

Those who have reached a certain age and life experience say “follow the money” to determine the real intentions behind the rhetoric. Following this advice, I tried to identify which types of crypto projects have risen in price in recent days. Large audiences generally enjoy speculative investment alternatives. And, when we follow big capital, we know that the real cash inflow is through Bitcoin, Ethereum, Binance Coin, Solana. On the other hand, I think it is also important to understand the preferences of small investors.

When I examined gainers&losers, trending coins, and newly released coins, I saw that the dog coin preference continued. It seems that the success of Dogecoin and Shiba Inu continues to decorate the dreams of many retail investors.

It is understood that some words have a positive effect on the crypto market in the marketing sense. Words such as Moon, Elon, Doge, Shiba, Baby are used rarely in the names of new cryptocurrencies.

My other observation is that the majority of newly released coins are created on the Binance Smart Network. I had also seen a significant number of new coins being created on the Ethereum network. It seems that the "Ethereum Killer" blockchains have not yet reached the level to compete with these networks. Binance Smart Network continues its expansion move started with Defi, with meme coins, NFT-based coins, and deflationary coins.

One of the coins that caught my attention among the ones I reviewed was MicroPets. I find it worth mentioning because it contains several trends of the last period. The project's token has been created on the Binance Smart Network, and as you can see in the image below, they are leveraging the popularity of dog coins.

In the project, investors buy NFTs that contain dog images. Thanks to these NFTs, investors earn various tokens. In this respect, the project did not neglect to benefit from the DEFI concept. PETS token has made 34x last month. The 7 percent tax on purchases and sales may also have been effective in the price increase. Another popular trend is to use the funds obtained by imposing transfer tax on purchases and sales to support the token price, reward existing investors, and use for marketing purposes.

Another token that caught my attention was GreenMoonZilla. I wondered what caused the rapid price increase of this token sold on the Binance Smart Network. As can be seen in the chart below, the token price has increased steadily since the beginning of this month.

I was not surprised to see a 15% transfer tax applied to this coin on both purchases and sales. The project also includes a mechanism where the tokens in the investors' wallets are automatically reduced and increased. This mechanism ensures that the uptrend is smooth. Although I bought 10,000 of this token this morning, I currently have about 6,000 in my wallet. On the other hand, the total value of my micro-investment has increased.

Conclusion

I would like to summarize the issues I focused on in this article:

• Those who want to make speculative investments continue to prefer dog coins.

• Projects involving transfer tax can provide rapid price increases, at least in the first few months.

• Projects in which DEFI and NFT are used together are highly preferred.

Although I prefer options such as Bitcoin, Ethereum, BNB, Solana, and Hive for long-term investment, I have recently made small investments in a few projects involving transfer tax.

You better do your own research on the projects I mentioned because I am not an investment expert.

Thank you for reading.

Image Source: https://unsplash.com/photos/ZM55FiQB8ig