The cyclical changes in the crypto assets market seem to be about to open a new chapter. Market sentiment indicates that a large amount of external funds may soon flow in. Investors in the TradFi market have begun to turn their attention to the crypto assets space, especially various altcoin projects.

Once Ethereum (ETH) starts to rise sharply, panic buying sentiment (FOMO) may quickly spread. This is likely to trigger follow-up from traditional secondary market funds, leading to liquidity overflow into the crypto market.

It is worth noting that not all alternative tokens lack substantive value. Within the crypto assets ecosystem, there are some truly profitable projects that, if placed in the traditional stock market, could be valued at 5-10 times higher. For example, projects like Hyperliquid, Pump, Uniswap, Aave, Ethena, and Pendle are all generating actual returns. In the future, these projects may adopt a stock-like approach to attract liquidity from the traditional market.

Throughout the past three cycles, whenever the market generally believes that 'Bitcoin is the only valuable asset' and belittles other crypto assets, an altcoin season often follows. The market cap dominance of Bitcoin (BTC.D) has historically fallen from 70% to 40%. Currently, BTC.D has dropped from 65% to 58%, with most of it being consumed by Ethereum, while other altcoins have not truly started yet. According to historical patterns, BTC.D may once again fall to around 40% at the peak of this bull market.

For investors considering investing in alternative Tokens, it is recommended to pay attention to the following three points:
1. Choose a project that has gone through at least one complete market cycle;
2. Pay attention to those projects that can truly generate cash flow and have continuously growing data;
3. Choose products that you can understand and use.

The current market rhythm has just begun, and there is no need to rush into action. Investors should remain patient, closely monitor market trends, and wait for clearer signals before making decisions.