Are you often confused by market performance? One phenomenon is particularly obvious: it takes several days for Bitcoin to digest a 5% increase, looking like a snail race; meanwhile, small coins priced at less than a penny often "surge 80% in 24 hours," "double overnight," or even directly hit 10x multiples.

This is definitely not a coincidence, nor is it a matter of luck. In my 8 years in the industry, I’ve seen many instances of this "small coin frenzy, big coin lying flat" scenario, which is driven by just three key factors. Today, I will thoroughly analyze this logic so that once you understand it, you won't be fooled by superficial gains, and you can avoid chasing high positions and falling into traps.

First, a quick reminder for beginners: don’t think that a "10x increase" is so miraculous. The prerequisite for this is a very low market cap. Imagine a small coin with a total market cap of only $10 million; if $10 million in capital flows in to push the price up, theoretically, it can double directly. If it hits a hot trend and capital floods in, a 5x or 10x increase might only require a few tens of millions of dollars.

Comparing this to Bitcoin shows how far apart they are. Currently, Bitcoin’s total market cap is easily in the trillions, so to make it rise by 5%, you need hundreds of millions of dollars of real money to buy in. The difficulty level is completely different—it's like pushing a bicycle uphill versus pushing a train uphill.

The most exaggerated example I’ve seen was when a small project announced "soon to connect with a major ecosystem," and as a result, hundreds of millions of dollars flooded in, causing the coin’s price to multiply several times within days. Such things generally don’t happen with large coins because the capital volume and market depth are simply not in the same league.