It's too high, it's not going to work. If it gets too high, many people will take their profits and leave. This market needs to wash for a long time, it needs to kill many contracts, and it also needs to wash out the chips and profits before it can be pulled up.

$USUAL
Take the meme connected to Sol for example
ai16z, 1 billion fully circulating, current coin price 0.8, market value is higher than usual
usual circulation is only 400 million, at normal price, it shouldn't be lower than 5u under normal circumstances. Moreover, its blood-making function is far superior to many coins.
Now, there are fewer good projects to find
Just look at the Sol chain, it's all projects that have already risen 100 times, only then do they get listed on exchanges.
Usual has only increased a few times, so fundamentally speaking, for VC coins, it's not considered that retail investors have made much profit, whether they are in or out.
Continuously rising, continuously holding