In the cryptocurrency market, there is a common misconception: many retail investors believe that a token's price increase requires a lot of promotion and crowd support. However, this view overlooks the essence of the market.

In fact, the cryptocurrency market is highly influenced by human factors, and the power to determine prices is mainly held by major players and large investors, rather than by numerous retail investors. When a token garners widespread attention and everyone is buying, it may not actually see significant price increases.

Taking Ethereum (ETH) as an example, even as the second largest mainstream encryption currency by market capitalization, it experienced significant price fluctuations at the beginning of the bull market. Despite being highly sought after at the time, its price still fell to around $1385 twice, leading many investors to doubt the market outlook. It was only when market sentiment was low and most opinion leaders no longer had a positive outlook that ETH began a strong upward trend.

It is worth noting that when market opinion leaders excessively praise a certain token, it is often a time for major players to take advantage of retail sentiment to sell off their holdings. Therefore, blindly following others' investment advice or excessively promoting a token you are optimistic about may not only lead others to suffer losses but also put yourself in a disadvantaged position.

In cryptocurrency investment, rational analysis and independent thinking are more important than going with the flow. Investors should establish their own criteria for judgment, focusing on the fundamentals of the project and its long-term development potential, rather than merely relying on market sentiment and short-term fluctuations. Only in this way can one find true investment value in this market full of opportunities and risks.