The so-called reasonable valuation for industry innovation is more straightforwardly referred to as the altcoin season. According to today's latest CMC index, today marks a historical high of 72. If the number rises to 75, the altcoin season will arrive.
Next year, new regulatory policies from the incoming government will be implemented, resulting in an unprecedented reshuffle in the industry. There will be winners and there will be losers. Decentralized projects and regulation-friendly projects still have room to grow, while centralized projects may be nearing their peak right now.