Try point $BAT to test the water temperature. Grayscale has increased its positions both last month and in the second half of the year. Next year, there will probably only be two and a half hotspots in the cryptocurrency space: the Bitcoin ecosystem, on-chain privacy, and half a hotspot for AI.
The Bitcoin ecosystem is undoubtedly going to rise; Ethereum will undoubtedly be eliminated in the future. The existing ecosystem of Ethereum can only be replicated on other public chains to survive. Don't talk about sidechains or whatever great auxiliary to the Ethereum main chain; the current ceiling of the Ethereum main chain has already reached its limit, and it hasn't broken through in a long time. Old users are slowly being driven away, and new users are too afraid to touch it due to the huge transaction fees. Some say it has come back to life this year, but that’s only because the ETF gave it one last breath.
Once staked on the Ethereum PoS chain, users generally won’t stake again. Transfers don't have the advantage of Dogecoin, and the on-chain experience isn't as good as Solana's. If the ecosystem continues to let Bitcoin rise, then Ethereum can completely say goodbye.
Privacy has been continuously suppressed by the government, leading to various privacy coins being delisted by multiple exchanges. A few days ago, Zen surged; ZEC and LPT, and BAT are all investments by Grayscale, and they are all focused on privacy. After the government crackdown on privacy, although they have been reducing their holdings, a few have bought back in the last six months, which are worth holding.
AI is an old topic; basically, it's just a wave of hype, nothing much to discuss.
Right now, everyone is mainly waiting for the so-called altcoin season to arrive. In general, buying some coins that institutions hold in advance may provide some protection under similar rising and falling conditions.
