The cryptocurrency industry is undergoing a tremendous transformation. Looking back, this industry used to exist in a gray regulatory area, showing signs of rampant growth. During that time, whenever a bull run occurred, a large number of retail investors would flood into the market, participating in the speculation of various emerging tokens.

However, over time, the industry has gradually moved towards normalization. The entry of large institutional investors has significantly increased the capital scale of the market, but this does not mean that all projects can benefit from it. After experiencing several rounds of bull runs and bear markets, many retail investors have suffered heavy losses and have become cannon fodder in the market.

Today, compliance has become the keyword for cryptocurrency investment. A significant amount of institutional funds will only flow into projects that meet regulatory requirements. This trend means that investors need to adjust their strategies and focus on projects that are likely to obtain regulatory approval.

Ethereum (ETH), as one of the major projects in the industry, has always attracted the attention of investors. However, merely focusing on mainstream tokens is not enough. Wise investors should closely monitor emerging projects that are likely to launch ETFs (exchange-traded funds), as these projects are more likely to gain approval from regulatory agencies, thereby attracting more institutional funds.

Overall, the cryptocurrency market has entered a new phase. Investors need to adapt to this change, carefully choose their investment targets, and avoid blindly following market trends. In this increasingly mature market, rationality and compliance will become key factors for success.