Let's start with the conclusion: this round will not see a surge of ten thousand coins or a celebration across the world for counterfeit currencies.

The reasons are as follows:

Firstly, the cryptocurrency market is gradually maturing, and natural selection is a fundamental law. Junk coins are being eliminated and going to zero, while truly valuable coins are rising; this is an inevitable result of the market maturing. The crypto market is consistently eliminating poor-quality coins in batches, while at the same time, new innovative coins are emerging in batches.

Secondly, in terms of the participant composition, the majority of the players in this space are relatively mature traders. The characteristics of these traders determine that they will not blindly buy everything like in the early days of the coin market. The showdown between MEME and VC reflects the market participants voting with their feet.

Thirdly, observing the TOTAL3 indicator, it can be found that although most coins are at low points, the overall volume of the indicator has reached the range of the 2021 peak. What does this mean? Although coin prices have decreased, the number of coins has increased.

In terms of strategy:

Firstly, rotation and rapid rotation are the main characteristics of this round. We need to identify hot tracks (if not possible, choose BES). They can be divided into three tiers:

Tier 1 consists of hot coins, which still have several times the upward potential even when at low points;

Tier 2 belongs to the majority of coins, whose space mainly lies in the rebound from being oversold after reaching a bottom (a common occurrence is a doubling from the lowest point);

Tier 3 consists of coins that are going to zero, which do not rebound to even double after falling to extremes; these coins can be abandoned directly.

Secondly, the on-chain bull market is greater than the secondary bull market. Whenever the secondary market is in despair, the on-chain market has actually experienced one bull run after another. From MEME to AI AGENT, new things are constantly emerging. Most of this round's market activity is on-chain, while the secondary market has been feeding us "garbage"; stop consuming it.