#山寨币突破 1. The cryptocurrency market can still be played, but the way to play has completely changed.

The past cryptocurrency market: just buy any random altcoin, hold it, and you could double your investment; during a bull market, even a pig can fly.

The current cryptocurrency market: dominated by institutional capital (Bitcoin ETF, publicly traded companies hoarding coins, the rise of RWA tracks), market liquidity is concentrating on large-cap assets, smaller coins are experiencing more volatile fluctuations, and it has become much harder for retail investors to make a profit.

Conclusion: It’s not that you can't play, but you must adjust your strategy—information asymmetry, capital management, and execution are the core.

2. In the current market, what matters is “defense” rather than “offense.”

Don’t fantasize about becoming rich overnight: the market in 2025 may see Bitcoin breaking 120,000 dollars, but many altcoins will lag far behind BTC/ETH in terms of growth. Institutional capital favors compliant, highly liquid assets (such as