The current market trend at the end of the year is much more challenging than the one from last year’s end to the beginning of this year.

At that time, the primary themes were relatively clear.

The first wave was the Bitcoin ecosystem.

Holding onto the leading coin, ordi, was enough; it rose from 2.7 to a peak of 96, a maximum of 36 times.

The second wave saw the focus shift to Bitcoin's second layer.

At that time, there was only one target, ckb, which increased tenfold in just over a month.

The third wave was the meme market, with pepe leading the way, also increasing tenfold in a month.