Sharing some observations with everyone.

Back in early 2017, someone pulled a bold move—targeting junk stocks, buying the ones with the lowest market caps, including ST stocks. They picked over 60 stocks, investing 50,000 to 100,000 yuan in each, totaling around 5 million yuan.

Starting in October, they began to cash out. At that time, after the stock market crash, these junk stocks still performed relatively well, and they ended up nearly doubling their money.

Encouraged by this success, they repeated the strategy the following year. But the market shifted—blue-chip stocks soared while junk stocks were halved. That year, a phrase emerged: "Top stocks always go up, junk stocks will kill you."

The cryptocurrency market is basically a mirror image of this.

During the 2021 bull run, just blindly buying worked—smaller market cap coins skyrocketed the most. No one really cared what these projects did; as long as they pumped, that was enough.

I remember in 2023, new coins often started with a valuation of $1 billion right after launch.

But starting at the end of 2023, the trend suddenly changed. The AI-themed coins surged initially, hitting peaks immediately after listing, then plummeted afterward. This pattern has continued to this day.

The same "top coins always go up, junk coins will kill you" story is playing out again.

The harsh reality is, in the crypto world, there are basically only three top players: #隐私币生态普涨 , $BTC , and some major exchange platform tokens.

Even $ETH is starting to fall behind the pace now...