Don't compare the bull markets of 2017 and 2021 to now.

Although I mentioned the starting point for altcoin trends back in early August, many altcoins are actually just a Tyndall effect (i.e., a flash in the pan).

There hasn't been much large capital entering the market yet, retail participation is low, and the washout period is long. Moreover, the narratives around these old coins are particularly strong; they are basically the same familiar faces.

The key point now is that the bull market cycle is still ongoing. The washout is actually an opportunity, but how long this round of washout will last is uncertain.

In the future, if you see altcoins that have already surged significantly, just don't chase them; missing out is missing out.

The real opportunity lies with the new coins that are facing FUD across the entire network. As long as this wave can thoroughly wash out, form a daily bottom, and consolidate for a while, then you can participate. There is at least a chance for doubling.

The core focus remains on L1, RWA, and AI in these few directions.