Investors need to exercise caution when dealing with copycat coins.
1. Wall Street News has bluntly labeled copycat coins as "garbage dumps," stating that this bull market is being driven by Wall Street institutions.
2. Despite significant declines, the total market value of copycat coins remains historically high.
3. In the previous bull market, new coins typically had market values in the tens of millions. In this bull market, their values generally reach hundreds of millions, with continuous unlocking.
4. So far, Ethereum has not seen a new ecological hotspot. The last bull market focused on NFTs; it's unclear what will drive this one.
5. While retail investors previously speculated on coins randomly, institutional investors in this market cycle are more discerning, particularly regarding AI sector coins and their practical applications. Issues overlooked by retail investors are now being scrutinized by institutions.
6. In the long run, a bear market for copycat coins could be beneficial, allowing genuinely valuable projects to emerge. If future trends focus solely on MEME speculation and hot spots, copycat coins could indeed become worthless.
7. A general rise in the altcoin market is unlikely. After the sharp decline, institutions will only invest in coins with real potential, searching for valuable assets amidst the low-quality ones.