Analyst: Only a few projects have long-term investment value.

ChainCatcher news, encryption analyst @MilesDeutscher stated that there are currently 37 million crypto Tokens on the market, of which 99.9% are "air projects". He believes that there may be fewer than 100 projects that truly have long-term investment value, which usually possess the following characteristics: 1: Led by an experienced team 2: The project party is optimistic about the Token in the long term and is a net buyer 3: Has a clear business model and a roadmap to achieve sustainable profitability 4: Has achieved or has a clear path to achieving product-market fit (PMF) 5: Continuously iterates products without being affected by market conditions 6: Has technical or network moats 7: Aligns with macro trends such as AI, RWA, and stablecoins. He pointed out that the key task for investors is to identify these high-quality protocols among numerous projects and make long-term bets.