This list of Forbes is still of some reference significance. Most of them are memes. It can only be said that they are all set off by their peers!

This round of VC coins with low circulation + high FDV + continuous unlocking has basically fallen by 70%. The more typical 10 are --

$ENA

$REZ

$ATH

$DYM

$ONDO

$PIXEL

$ARKM

$SAGA

$TIA

$ALT

The price is too high and the market lacks funds, so you can see that the altcoins are significantly underperforming Bitcoin and Ethereum. A short-term collapse may be inevitable --

1. Insufficient growth on the demand side: lack of attractive new business models, and the application of most tracks is far away.

2. Excessive growth on the supply side: industry infrastructure is further improved, the threshold for entrepreneurship is lowered, and new projects are issued in excess.

3. Selling pressure brought by the unlocking tide: the monthly unlocking amount fluctuates between 3 billion and 5 billion US dollars, while the average monthly unlocking amount last year was only 800 million to 900 million US dollars.

My suggestion is that if you still want to continue playing with copycats and want to find opportunities to increase your positions and buy at the bottom, don’t look for coins from previous popular narratives. You have to look for coins that are very resistant to declines in this round of correction cycle, and focus on new popular tracks such as AI and MEME.