After thinking about these questions, I came to the core question: What is the main contradiction that people who make money grasp? What is the "critical 20%" of making money?
The critical 20% refers to the information, nodes, and actions that can significantly increase the possibility of profits and play a decisive role.

Here are a few directions to think about:

1: What’s the current market sentiment, funding, media coverage, and heat?
1: When a track explodes, a large number of projects will often emerge, and funds and attention will quickly gather. Are there any signs of this?
2: Key signals: The track that the media/kol/institutions begin to mention repeatedly, or the tokens of a certain track begin to rise collectively. This is the 20% of information that I need to focus on.
3: Determine which cycle the market is in; the funding and speculation that the same project enjoys in a bull market versus a bear market are completely different. If it's a bull market, just being associated with a hot concept can take off.
As long as you grasp the current market sentiment hotspots and trending sectors, you can predict the prospects of the vast majority of projects, which is much better than randomly looking through technical documents.
Key Point: Why is this the critical 20%?
Sectors and market sentiment are like weather vanes, quickly telling me which types of projects have explosive potential. When the wind blows, ordinary projects can make money.

Two: What are the people/money behind the project and sector doing?
1: For airdrop projects, look at who is investing and who is endorsing. If a project has backers like a16z, paradigm, binance, jump, polychain, etc., the success rate will be much higher. It depends on whether the resources behind it are strong enough and whether the incoming funds are substantial.
2: What is the money doing? Where is the large capital entering? Where there is significant capital, there is a possibility to make money. Such objective data fluctuations are easier to judge than the fundamentals of the project. Therefore, financing data, TVL, and such data should be taken very seriously.
Key Point: Why is this the critical 20%?
In most cases, whether there is money, who is investing, and what cycle it is in directly determines whether the project can gain traction. Spend time on this type of information rather than dismantling the rules of a project that has just come along.

Three: Focus on key nodes of the sector/project that trigger price and heat surges.
1: For example, when a project starts or ends testing, goes live, raises a large amount of funding, or when a new sector is listed on an exchange.
2: Major policy benefits, such as large public chain updates, ETF information, etc. I may not look at the details, but as long as I consider 'who is involved' and 'the scope,' I can roughly gauge the market's stimulating degree, similar to what it means when Bitcoin's ETF is approved or Ethereum's ETF is approved.
Key Point: Why is this the critical 20%? Because a lot of profits in the crypto space come from these 'node events.' Once these signals are identified, you can quickly position yourself in advance, just like how P predicted the wormhole event. Awareness of critical node events and understanding what current happenings mean is a standard for increasing judgment.

Four: Team/Operations/Network of Relationships/Successful Track Record.
1: Look at the project team; do they have previous successful experiences? Focus on: 'Who are they, what have they done?' instead of delving into technical details.
2: Popularity/Consensus/Activity; this point is particularly applicable for judging memes. Rather than examining detailed documents, it’s better to observe the community for a few days and see how well the project can lead.
Key Point: Why is this the critical 20%? A well-known team + a strong community > the technology itself. They can tell the story and generate buzz, which is core.

Five: Establish a simple and effective evaluation model.
1: I need to outline a simple evaluation model myself. The key elements of these models need to be summarized on my own.
2: Use this model to determine whether I should spend time here instead of directly investing time in a specific project.
3: Why do I need an evaluation model? If most dimensions score high, then I can continue to dig deeper. If key dimensions score low, then it’s not worth pursuing.

Six: Why are these factors the critical 20%?
1: Every project is linked to funding, traffic, narrative, and sentiment; this is the core of making money.
2: It helps me filter out a large number of projects that are not worth my time. If there is no money, no community, and no heat, it indicates a relatively low success rate and is not worth spending time on.
3: There needs to be a quick decision-making and execution plan, rather than spending months researching a project; otherwise, you might miss out on opportunities.

Seven: How to practice 'Always focus on the critical 20%'
1: First, spend time on key information sources.
For example, Twitter KOLs, group chats. I need to sort out which are the key information sources, who are the key information sources, and what constitutes a key information source.
After the information sources appear, I will use my 'evaluation model' to score them and then assess whether they are worth pursuing.

2: Establish a habit of quick decision-making.
Before jumping into a project, I need to use the 'evaluation model' to see if it's worth pursuing. If the scoring dimensions are high, it’s worth it; if there are no highlights, then it’s not worth it.

3: Focus on the 'key nodes' of critical sectors/projects.
For projects that meet the evaluation model, follow their milestones and key data. For example: mainnet launch, testnet launch, major version updates. Understand what this event currently means for the project. These key nodes are where time should be spent researching.

Combine the current market with the 'evaluation model.'

First, I ask myself two questions:
Where is the current capital? Where is the sentiment? What sectors are the hottest? What is the media reporting? Where are the best profit effects?
My experience in the current market is as follows:
1: The meme of Sol.
2: Hyperliquid.
3: De Science.
4: Virtuals ecosystem.
5: AI agent.
I can clearly feel that the current capital, sentiment, narrative, and hotspots are in these ecosystems. These ecosystems are fresh things in this bull market cycle, all involving new asset issuance, with many opportunities for new asset issuance. Moreover, many people do not understand it yet, and the media and KOLs spend most of their time discussing these sectors. Additionally, Binance has already listed several assets from these sectors.

I believe that spending the same amount of time and energy on these sectors is likely to yield the highest output because they meet the 'evaluation model' for a bull market.
Bull market cycle.
New things.
Involves new asset issuance.
Money, attention, sentiment are all present.
The media keeps reporting, and the largest exchanges have already listed tokens from this sector.

However, the current mainstream sectors do not have projects in the airdrop field. If I roughly evaluate airdrops using the evaluation model, there may be a few projects that fit.
Monad.
Story.
Bear Chain.
Pumpfun.
Solayer.
Babylon, aside from Pumpfun, their financing, backers, and team are all quite good. I believe these are projects I can understand and participate in.

Using the new evaluation model to view the entire market, projects, and sectors has already filtered them out, rather than obsessing over how to dismantle a specific project. This line of thinking has given me direction once again.
The core point is: Ask myself, where can I achieve the highest output with the same amount of time? Is this thing worth my effort?