The crypto market is still in its early stages, but not the early stage of free money, rather the early stage of high volatility, high differentiation, and high elimination.

In the future, if it continues to be absorbed by ETFs, institutional funds, payment systems, stablecoins, RWA, and other directions, the ceiling will still be high; but 99% of small coins are likely just fuel for the race, don’t interpret “small market” as “blindly rushing in.” This is also why so many local dog coin projects die, because they are all speculative; don’t focus too much on the speculative market, and instead prioritize high-quality, leading value projects to avoid over-consuming yourself.