Recently, this question has been asked quite frequently. To be honest, whether altcoins can turn around largely depends on three things—market cycle turning points, whether the project has real value, and regulatory attitudes.

The current situation is clear: Bitcoin remains the market's stabilizing force, and the fate of altcoins still depends on when liquidity improves. It’s not easy to see a broad recovery in the short term. But if a new upward cycle truly begins, projects with actual application support and relatively complete ecosystems still have a chance. However, the differentiation will be very obvious then, and the era of making money just by "all-in" on altcoins will no longer exist.

From a mid- to long-term perspective, the next 1 to 2 years are actually a critical window. Projects that have made real breakthroughs in technology and have accumulated ecosystems may seize opportunities. But as investors, it’s important to remember—don’t be blinded by short-term hype. The key is whether the project can truly deliver tangible results and solve real problems. That’s the prerequisite for making the right bet.