My thoughts: Projects with new presales: for example, @zama @openmind_agi Looking at the current market, I basically won’t participate. The reasons are simple: ① The market is super cold, and the chances of losing money > making money if you participate. ② Handing your money over to some project team and then watching them change the rules is just plain stupid. ③ Starting off with valuations in the billions—tell me, how are we supposed to make money? What you should do: ① Play defense, wait for them to lose money, then buy in. ② Keep the decision-making power in your own hands. ③ Projects worth watching: mostly those with locked tokens, and secondary markets where the community has been abandoned—those are the ones to buy.