The cryptocurrency market is extremely risky and uncertain, influenced by multiple factors such as technological development, regulatory policies, and market sentiment. Past performance does not guarantee future trends. The following analysis is for reference only and does not constitute investment advice:
Bitcoin (BTC)
• Past: Long - term occupied the top position in cryptocurrency market capitalization, regarded as "digital gold", has gone through multiple bull - bear cycles yet still maintained high influence.
• Present: In 2025, although the price fluctuated sharply (e.g., a sharp drop to around $88,000 followed by a rebound), institutional holdings are large - scale (the U.S. spot Bitcoin ETF exceeds $250 billion in size), and sovereign funds have entered (e.g., the Norwegian Central Bank's allocation), continuously attracting market attention.
• Future: If there are favorable policies (e.g., Trump promoting the establishment of a strategic Bitcoin reserve), it may attract more institutional funds and strengthen the "digital gold" narrative. However, regulatory tightening (e.g., the SEC strictly defining the security attribute) or technical risks (e.g., quantum computing threats) may also trigger fluctuations. In the long term, if blockchain technology applications expand, its value may be supported, but the short - term trend is difficult to predict.
Ethereum (ETH)
• Past: As a platform - type cryptocurrency, it supports smart contracts, has a rich ecosystem, and has undergone a major upgrade from PoW to PoS.
• Present: In 2025, Layer 2 solutions (such as OP Stack, ZK - Rollup) improve transaction performance (TPS up to over 100,000, Gas fees reduced to the $0.01 level), and the integration of AI and blockchain (such as DePIN reducing AI training costs), with the value of the application layer highlighted.
• Future: With the advancement of upgrades like Dencun, performance will be further optimized. If ecosystems such as DeFi and NFT continue to prosper, demand may grow. However, it needs to respond to challenges from competing public chains and changes in regulatory attitudes towards decentralized applications.
Privacy Coins (such as Monero, XMR)
• Past: Owned a specific market due to privacy features but once caused controversy due to its association with illegal activities.
• Present: In 2025, with the popularization of zero - knowledge proof technology, privacy and compliance are gradually balanced, and its market value has returned to the top 20, but liquidity is relatively low.
• Future: If privacy demand grows and regulatory acceptance of compliant privacy technologies improves, there may be room for development. However, the development of tracking technologies and regulatory crackdowns on illegal use remain potential risks.
Vertical Track Tokens (such as AI + DePIN projects, RWA protocol tokens)
• Past: An emerging track, some projects once rose in the short term due to market enthusiasm.
• Present: In 2025, technological revolution has driven development. For example, DePIN reshapes AI training costs (e.g., Render Network's computing power pricing is 57% lower than AWS), and the tokenized U.S. Treasury bond issuance in the RWA track reaches $500 billion, with attractive annualized returns.
• Future: If technology is implemented and application scenarios expand, tokens of high - quality projects may have potential. However, be wary of technical failures, market competition, and regulatory uncertainties.
Stablecoins (such as USDT, USDC)
• Past: Mainly used for trading hedging, with value pegged to fiat currencies (such as the U.S. dollar).
• Present: USDT's on - chain trading volume in some emerging markets accounts for more than 30% of foreign exchange trading volume, and USDC emphasizes 100% Treasury bond collateral to enhance transparency.
• Future: If the credit of fiat currencies continues to deplete (such as high inflation in emerging markets), stablecoins as a "sovereign currency substitute" may gain demand. However, centralization control, reserve transparency, and regulatory pressure always exist.
Risk Warnings
The cryptocurrency market has no upper or lower limits on price changes. Global regulation is not uniform (e.g., the U.S. SEC classifies some tokens as securities), and it faces technical risks (such as quantum computing threats) and market manipulation. Even if ordinary investors are optimistic about a certain currency, they need to strictly control the invested funds and avoid blind following. It is recommended to fully learn relevant knowledge, assess personal risk - bearing capacity, and consult professional financial advisors before making cautious decisions.
The market changes rapidly, and today's trend does not represent future directions. Investment must be kept with a high degree of caution, and it is not recommended to use it as the main investment method.
