How To Identify Narratives Early
Those familiar with general macroeconomic theory may have heard, "A rising tide lifts all boats.” Applied to the blockchain space, this means a strong narrative lifts all of the projects that fit within it. Nonetheless, there are some simple tips you can use to give you a better chance of spotting narratives early. These include:: Projects that solve long-standing or prominent problems in the blockchain space or related industries can fuel new waves of innovation. They can also go on to become a first mover in a broader narrative.: By staying up-to-date with the latest news, you can grow your awareness of the space to help you tease out the broader picture.
This might involve identifying high-potential projects related to the narrative and understanding their key features to assess whether they stand a chance at achieving growth.Once promising projects have been identified, it’s then important to evaluate their short and long-term potential, their risk factors, and how they fit into the overall trading portfolio.
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