Some notes on beta in altcoins:
Beta spawns after a big leader / main runner takes place. The leader can be in any sector, any type of coin, any tech. It can even be a person or a chain. All that matters is price and if that coin is the strong leader, you're going to see the market flock around it.
beta is born because people missed the main runner and want to be early to a new coin/ runner.
what is beta? Beta is often a coin related to the main runner in some way/shape/form. It could be a similar sector, it could be the same developers, the same KOL, or the same related tech.
The process is often like this:
-main runner spawns / starts moving extremely hard / outperforming the rest of the market. it becomes the market leader
-people start digging into the coin and seeing anything related that 'hasn't pumped yet'.
-leader keeps moving, beta starts to also move.
-leader starts to die, beta will die much faster and have much shorter pumps as well.
Some examples of Beta for you to understand this concept better (leader first , beta second):
-BTC / majors
-Hype / Lighter
-ZEC / STRK + DASH + XMR + others
-XRP / XLM
-PONS / USELESS (based off Unipcs)
-ANSEM / ANSEM (Ansem popular, his coin trades well)
-Robinhood / ARB + UNI
-SOL / PENGU + FARTCOIN + USELESS + PUMP+ other solana coins
More notes:
-The beta strength will only be as strong as the leader. once the leader starts to pull back, beta will pullback twice as fast.
-beta can literally be anything and any coin
-beta rarely ever outperforms the leader; you're usually better just buying the leader with size + leverage
-beta pumps are much quicker than the leader; you should be getting in and out of positions frequently with beta
-speed matters. the faster you identify beta after the leader starts to emerge, the better it is. you don't want to start blasting the beta after the first leg is already done
-oftentimes the leader can pump for days/weeks/months on end but the beta rarely lasts that long.