The current state of the business model in the crypto world is quite disheartening. The once-glamorous practice of issuing tokens has now become a tool for scamming retail investors—issuing tokens, dumping on the market, and repeating the cycle. Increasingly, voices point out that among existing token projects, only a few are truly valuable; most are just market trash.

This reflects a deeper dilemma. The altcoin market is nearing saturation, and there are fewer and fewer bagholders. Investors are beginning to think rationally: can buying coins really make money? Or is it just another meat-cutting game?

When all the enthusiasm has drained away, where is the real impact? This question remains unresolved. Currently, there are no more than 10 tokens that can be considered "tradable" in the entire crypto space; what about the rest? They are either reduced to worthless paper or waiting for a miracle. How much long-term impact this will have on BTC’s trend, perhaps only time can tell.