Odaily Planet Daily reported that crypto analyst @MilesDeutscher stated that there are currently 37 million cryptocurrency tokens in 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 typically possess the following characteristics: 1: Led by an experienced team 2: The project team 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 on the product regardless of market conditions 6: Has a technological or network moat 7: Aligns with macro trends such as AI, RWA, and stablecoins. He pointed out that the key task for investors is to identify these quality protocols among many projects and make long-term bets.