In the bull market of 2016-2017, there were few projects, and a group of bigwigs gave new leeks science popularization. The atmosphere was relaxed, with little institutional participation, and retail investors competed fairly. The initial market value of the projects was extremely low, leaving a lot of room for leeks; In the 2020-2021 bull market, there were 312 big pies dropped to 3500 before, leaving room for 20 times the subsequent rise. Later, there will be an unprecedented flood of water from Laomei. Start the entire MEME track; In the bull market of 2024-2025, the impact of new output on supply after the halving of the big pie has been negligible, and the economic stagflation market has limited space to release water. A large number of traditional Internet project parties have joined the currency circle, and any possible hot track will come out Countless imitations dilute the original limited funds, and use the original valuation model to value future projects at a discount. Project institutions with better fundamentals have already raised prices to the sky in the primary market, and the secondary market There is only room for receiving trays; How to get high yield in this situation? ①Choose tracks and events more carefully, and only work with the best teams; ② Focus more on the early stage of the project, and ambush in advance when no one cares; ③Pay attention to projects with small teams, wild ways, high innovation, and users' spontaneous dissemination and rapid fission, instead of relying on large organizations to endorse all kinds of high-end packaging that few people actually use.#Binance #crypto2023