Over the years, I have seen too many projects dressed in the guise of 'technological innovation', engaging in old tricks to harvest retail investors. The so-called 'shanzhai season' seems more like a script arranged by capital; once liquidity dries up, 99% of coins won't even be remembered by name.

The reality is that most altcoins have neither a moat nor an application scenario; they survive by speculating on concepts, telling stories, and changing logos. After a bull market passes, it either goes to zero or runs away, leaving behind a field of chives.

Truly valuable assets have never risen because of hype; they are built on consensus formed over time. Instead of fantasizing about an altcoin comeback, it is better to calmly study the underlying logic of mainstream assets.

Stop dreaming; shanzhai is not the next miracle, just the next pit.