There are two logics for the current altcoins:
1. The expected value of current business growth is realized.
2. The expected value of future potential market value is realized.
The old DeFi is the first logic! In the last bull market, they just went online and washed the market, which was the growth trend after the value of business growth at that time was realized, and their life mission was completed in advance.
In the end, the value will be slowly diluted in the ocean of homogeneity.
The second logic is to speculate on public chains! All public chains will have a wave of high multiples after landing in the secondary market and washing the market, but most of them are still unsustainable. Refer to the last round of Avax, Near, FTM, Mina, etc.
The probability of being able to hit it, like Sol, is too small. Most of them are after a wave of pull-ups, and the so-called potential value expectations of the big cake are fully realized. Sustainable value growth depends on the development of its ecology and business data.
