Many people see the leading coin pumping and then rush to invest in the same sector. Generally, this can be profitable, but if the market lacks sufficient funds or confidence is low, buying into the same sector is basically waiting for a slow death. The leading coin is the one with the most capital flowing into it. With high trading volume, you also have plenty of time to exit. Catch-up plays are the choice of those who missed out on the leader. Buying into a catch-up play is essentially betting on the leader. If the leader collapses, the catch-up play dies even faster. There’s only one scenario where buying a catch-up play makes sense: when there’s a sector-wide effect, and the leader transitions, starting a relay. Let’s review a few coins: Binance Life — while the "gods are fighting," Life’s trading volume started to expand. Some people bought Life, while others bought Lobster. Why were the outcomes different? Because the leader wasn’t the latter. The latter only benefited from overflow liquidity, while the former had a strong binding relationship. Take today’s $ORDI and $SATS as an example. The trading volume of the latter is far lower than the former. If I were to buy $SATS, I’d wait for $ORDI to go sideways or even start to drop. If $SATS remains strong at that point, I’d consider it might take over the lead, and only then would I think about participating.