In the current cryptocurrency market, the altcoin season still exists, but its characteristics have changed significantly. In the past, high-quality projects might stand out in a small range, such as one in ten or one in a hundred. Now, truly valuable projects are even rarer, a once-in-a-thousand or even a once-in-ten-thousand opportunity.

For investors who have heavily invested in a certain project, my advice is to consider liquidating most of their holdings by the end of the year and adopt a more flexible investment strategy. This shift in strategy is particularly important because in the current market environment, even if a certain altcoin project offers you the opportunity to break even or significantly increase in value, failing to take profits in a timely manner could likely lead to being stuck in a long-term loss situation.

It is worth noting that although individual projects may perform brilliantly, the total market capitalization of the overall cryptocurrency market has reached a historic high. This phenomenon reflects the overall prosperity of the market, while also potentially indicating underlying risks. Therefore, while enjoying the profits brought by the market's rise, it is also necessary to remain vigilant and manage risks reasonably.

In such a market environment, investors need to be more cautious and rational. Do not be deceived by the temptation of short-term huge profits, but rather focus on long-term value and pay attention to projects with real application scenarios and sustainable development potential. At the same time, adjust investment strategies in a timely manner and maintain the flexibility of funds in order to achieve better returns in this market where opportunities and risks coexist.