The life cycle of altcoins basically goes: speculation - cashing out - going to zero, three steps to finish.
Most people hold altcoins like they are holding a ticking time bomb, thinking they are making a value investment. The market will not show mercy just because of your faith; those that are destined to go to zero will leave you with not a penny.
The logic of holding altcoins for the long term is fundamentally flawed: most of these projects lack even the basics, so what makes them capable of surviving a bear market? Out of ten thousand, maybe just a few will survive.
The smart play is to enter and exit quickly, making money and running. Don't get emotionally attached to altcoins; they are not worth it.
"Once good news is fully digested, it becomes bad news." A $10 billion mortgage loan portfolio sounds impressive, but the market has already priced in this expectation.
The concept of RWA has really been overhyped: everyone is telling stories, but the actual revenue models on the ground are still the same old ones. Institutional money comes in not because your techniques are excellent, but because of compliance and liquidity needs.
The problem with Injective lies in its awkward positioning: it wants to be a DeFi infrastructure provider, but there are numerous competitors. It aims to be a professional platform for RWA, but traditional financial giants can build their own chains at any time.
Short-term technical weakness is normal; these infrastructure coins were not originally meant to be driven by speculation. The key is whether they can establish a real moat before the next bull market, rather than continuing to pile up seemingly professional data.
The market is now immune to this kind of "professional narrative."
