In response to fans' requests, I will answer $NEAR . I am only standing from my own perspective and merely providing this as a reference suggestion!

First, let's talk about the fundamentals. NEAR, as a Layer 1 public chain, has always had core selling points of high performance, low fees, and scalability. It adopts the Nightshade sharding architecture, which theoretically supports high TPS, while the developer ecosystem has been slowly accumulating in recent years. The NEAR ecosystem includes Aurora (an EVM-compatible layer), making it convenient for Ethereum developers to migrate or deploy dApps, which is also a unique competitive advantage of NEAR.

Last year, NEAR performed very well in the market, attracting a large number of retail investors. However, most of these retail investors have been trapped, leading to a situation where the distribution of chips is quite scattered, and the main players cannot reclaim their chips.

Recently, market enthusiasm has not been high, with on-chain activity and social discussion volume decreasing, indicating that NEAR has not attracted new capital or significant operations from major players in the short term. From a funding perspective, the main players do not have a strong intention to build positions, while retail investors are reluctant to cut losses. In this state, tokens usually have a lackluster short-term market performance, lacking the impetus for independent market movements.

Positive factors:

The ecosystem is gradually taking shape: Applications on Aurora continue to grow, and NFT and DeFi projects are still progressing.

Cross-chain and bridges: NEAR's Rainbow Bridge makes cross-chain asset flow convenient, helping to attract funds from other chains.

Long-term potential of Layer 1: As a scalable and high-performance chain, it still has potential if a major bull market occurs in the future.

Negative factors:

Weak funding: There is no obvious main player driving the market, and the retail-controlled state leads to a lack of explosive market momentum.

Intense competition: Public chains like Solana, Avalanche, and Polkadot are all competing for developers and funds, putting pressure on NEAR's ecosystem.

Low market attention: Recently, enthusiasm has been low, with insufficient traffic and media attention, which may lead to a continuation of sideways or weak performance in the short term.

Summary and strategy:

Currently, NEAR is in a state without major players, controlled by retail investors. The short-term market is unlikely to see significant movements and will more likely follow the trend or maintain a consolidation pattern. If you have already bought in at a low price, just hold patiently; if you are thinking of buying now, I suggest you give up! Because there is a lack of driving force for independent market movements.

Right now, as long as retail investors are severely trapped, and major players are not participating, the market can only follow the broader market, with a low probability of independent breakout. Whether altcoins can rise now entirely depends on whether the main players take the lead!