#数字资产生态回暖 Flip through the old holdings screenshot from 2019, and you'll understand what it means when some are happy while others are worried.

Back then, the choices made determined the results today.

Some people guessed right. Those who held tokens like $DOGE and $TRX saw their accounts grow from a few thousand dollars to over 600,000 or even more in five years. Time proved to be the best evidence—early positioning brought exponential returns.

But most people weren't so lucky. Countless tokens became "zombies" because their technology couldn't keep up, or they turned into "scalping machines" due to reckless token issuance by the teams, ultimately crashing to the floor or even going to zero. Holding in hand is no longer assets, just a piece of paper.

How can we find projects that can truly "hold on"?

Experience teaches a simple truth: a project must have something to support it through a bear market. It can't just be empty promises; there must be real substance.

For example, some projects design mechanisms that can self-regulate. One is real social value—token appreciation can be genuinely converted into tangible contributions (like educational resources, public welfare projects), allowing holders not only to make money but also to participate in meaningful activities. Another is technological scarcity—by automatic buybacks and burns to control supply, fundamentally blocking the path to infinite inflation, so long-term holders can truly enjoy the benefits of scarcity.

When we revisit old ledgers, we are actually asking ourselves: what is the next project worth saving in a screenshot?

The answer may lie in projects that have both financial logic and actual output. Not just looking at price fluctuations, but also at what the team and community can build.