Author: Dayu

Last night I couldn’t sleep and thought a lot. Watching the current state of the crypto world, I realized that if this continues, it’s really not sustainable—there’s always a bunch of projects coming and going, leaving only retail investors’ losses.

I think we need to do something, at least provide a checklist for newcomers—what coins are worth paying attention to, and what are traps. Because only by collectively raising our standards and rejecting projects that lack a viable business model can we push this industry toward better development. When the whales realize that “cutting leeks” no longer works, they will naturally focus on genuinely profitable projects. That’s the future of the crypto space.

I will use the most cautious logic to help readers make more money and avoid pitfalls.

**1. Current Problems and Coin Selection Strategy**

Currently, there are roughly two phenomena in the crypto world: one is project teams fabricating stories, spending some on promotion, and just getting listed on exchanges; the other is market manipulation to sweep up some people and then retreat. In this chain, only exchanges have stable income, everyone else is gambling. Playing like this long-term will inevitably lead the entire ecosystem to decline.

In the past, this was still profitable because there were fewer coins, and users lacked experience—they would buy immediately upon listing. Back then, we didn’t understand what a reasonable valuation was; as long as someone bought, there would be volatility and opportunities.

Although our understanding was limited at that time, we were full of imagination—truly believing that blockchain could change the world. Now, looking back, AI and the US stock market are thriving, while we are still arguing over whether to buy a token that lacks cash flow. The gap suddenly becomes clear.

**The core logic is simple: projects with actual revenue sources are worth paying attention to; projects that survive on storytelling will eventually hit bottom.**