Recently, the trend of new coin launches is changing. It's not at the rule level, but in the way projects are being selected and filtered. The past few days saw three new projects launching consecutively, and yesterday a major project came in, pushing directly from the opening price to $90.

Some say they won't hold for that long, but actually, that's a matter of individual trading strategy. To determine whether a new coin should be held long-term, I think it’s necessary to consider several aspects:

**First, look at the overall market rhythm**. The key is to see what stage BTC is in right now, as this directly influences the entire market sentiment. If BTC can stay stable, everything else is predicated on that.

**Second, examine the project itself**. How is the fundraising scale? Are top-tier institutions investing? These factors can reflect the project team's strength and ecosystem accumulation. Projects with large funding usually have solid backing.

**Third, consider the opening valuation**. Some projects that seem bullish are pushed very high right after launch, leaving little room for growth. For example, the RAVE project, with an initial market cap of $10 million, now around $50 million, this range is more reasonable and easier to hold. If the opening valuation exceeds $50 million, I think the risk increases.

**Fourth, look at the number of participants**. The more people involved, the less each individual can get. Recently, I was actually quite happy to see the participation numbers decline because fewer people are sharing the cake. But once big projects appear, these people come back.

Sticking to your own judgment is key; don’t pay too much attention to external noise.