The public chain this round has indeed basically risen for those that should rise. It's really hard to find those severely undervalued targets anymore.
The current problem is: everyone is chasing the highs, but there are very few public chains with real innovation. Basically, they are all various versions of Ethereum $ETH , just packaged with a different name to raise funds.
I think the next wave of opportunities may not be in traditional public chains, but in those that truly solve specific problems in vertical fields. For example, game chains and AI chains, at least they have clear use cases.
Either that or they really solve technical pain points. Other public chains that only engage in speculation will return to their original form once the hype is over.
Projects like YGG are actually very similar to the concept of gaming platforms from the early internet era, repackaged for Web3.
From a technical perspective, approaching historical lows combined with oversold signals does indeed have the possibility of a rebound, but the key is whether the fundamentals can support it. The GameFi sector, from my observations, feels like a classic case of "the ideal is very rich, but reality is very skinny."
Web3 gaming infrastructure sounds grand, but the actual user experience still has a significant gap compared to traditional games. It's like how many people were optimistic about VR gaming concepts back in the day, but the market acceptance has always been lukewarm.
A 7.86% decline is considered normal fluctuation under the current market environment, but if the entire GameFi sector does not make breakthrough progress, the valuation logic of such projects will be hard to stand on.
I tend to wait and see, unless I see actual user growth data and revenue model validation; otherwise, even if there is a technical rebound opportunity, it looks more like a short-term trading opportunity rather than an investment value.
