Lately, I've been staying up late digging into projects, and the more I look, the more awkward it gets—almost giving me chills down my spine.

I’ve discovered a critically fatal problem: many small projects don’t have any audits at all! No one checks the accounts, and the financial statements they put out are so polished they look like a joke. For example, there’s a platform claiming a monthly transaction volume of 11 billion yuan, but guess what its market cap is? Only 2 million! Even if we assume they’re taking the industry’s lowest “by the way” fee cut, they’d be making over ten million a year. If they really had a printing press, capital would have already broken down the door, and their market cap wouldn’t be just 2 million.
Another example is a project claiming to dominate a 1.3 billion yuan market share with cardless roaming, but its valuation is so low it’s like begging for change.
What does this tell us? It shows that without third-party audits, financial reports are basically fantasy novels written on a keyboard—don’t even trust the punctuation.
But here’s the awkward part: I turn around and look at projects with proper audits, and wow, their valuations are ridiculously high—I just can’t bring myself to buy. This creates a dead end: un-audited projects are cheap but their data is fake, buying them is like throwing your money away; audited projects are safe but insanely expensive, and their profit margins are already overextended.
So, should I just skip small projects and go for mainstream coins with big trends? Major coins are indeed stable, but their rapid ups and downs—there’s no short-term explosion. It’s just waiting out the time, which could be years. As ordinary folks, we just want to catch a quick opportunity to make some fast money, right?
This situation is truly frustrating: fake projects are unappealing, real ones are unaffordable, and slow ones are unbearable to wait for. After flipping through and picking over everything, I realize there are hardly any trustworthy options in my basket. I wonder how you guys have been choosing projects lately? Has it really come to the point where there are “no coins to invest in”? Please advise! $BTC $GT $XAU