Recently, many participants in the Virtual ecosystem have been comparing the prices of some well-known popular projects when they first launched to their current prices:

A significant portion of these projects has seen their prices drop by 30%, 40%, or even 50%.

This result has led many participants to become pessimistic.

In my view, this outcome is not surprising at all.

Many of these projects have not even released a fully developed product, or they may have a product but a very small customer base. When such projects launch and experience a tenfold or even hundredfold increase, there is definitely some inflated expectation involved. Once the initial excitement fades, if there is no significant progress with the product, a price drop is entirely normal.

These products have only been around for a month or two since their token issuance; how could there be any significant progress?

Therefore, this price drop is not closely related to the projects themselves; it merely reflects the normal market return after the initial excitement dissipates.

In my opinion, the real test has yet to come.

As I shared in previous articles, the real test will arrive in three months at the earliest, or six months at the latest.

Because at that time, people will have to look at the results: since the Genesis Launches, have any of the successfully funded AI Agents produced a project as capable as AIXBT?

If there is even one, then this test can be considered temporarily passed, and the development of the Virtual ecosystem will usher in a higher wave of growth; otherwise, the team will face difficult challenges.

As for the market performance leading to a shift in participant sentiment from optimism to pessimism, that is also quite normal.

Since this is an ecosystem that allows participation without permission, there will inevitably be a portion (possibly even the vast majority) of participants who only focus on short-term price fluctuations.

Not to mention the Virtual ecosystem, even among Bitcoin holders, the vast majority are like this. When we see Bitcoin enter a bear market, a large number of Bitcoin holders will also become pessimistic and desperate.

The expression of these emotions is secondary, but like every project during a downturn, some community members will express their feelings and offer various suggestions for the project.

However, many of these suggestions focus on how to boost the project's price in the short term.

This immediately reminds me of Ethereum a few months ago.

At that time, the sentiment in the Ethereum ecosystem had hit rock bottom, and the community was similarly filled with various emotions and offered many opinions. So, in an article, I wrote that my biggest concern was not Ethereum's future, but rather that Vitalik might not withstand the "pressure" from some community members and change the core of Ethereum.

Because only a few of those opinions were areas where Ethereum should improve, while most of the "pressure" suggestions would lead Ethereum astray or even undermine its foundation.

The current Virtual ecosystem is facing a similar situation:

Only a small portion of the suggestions from the community are beneficial for the long-term development of the project and the ecosystem, while most focus on short-term effects or are simply emotional outbursts.

In reality, the price of any project fluctuates up and down most of the time, and the periods of significant breakthroughs and large increases are very short. In any ecosystem, the vast majority of projects ultimately meet their demise, with only a few surviving until the end.

The projects launched at Genesis Launches are no exception. It is likely that over 90% of these projects will end in failure, and even the remaining 10% that eventually succeed will experience fluctuations, even significant ones, most of the time.

So, the current large price fluctuations of these projects are entirely normal.

For short-term traders, it is normal to take profits and exit. But for long-term participants, I believe it is more important to focus on the development of the project itself and to give the project more time to mature.

For the Virtual team, I think it is more important to quickly launch and iterate the ACP protocol, in addition to optimizing certain existing mechanisms.

I believe that if the ACP protocol can succeed, it is the most likely key to pulling this ecosystem out of emotional and speculative turmoil, becoming a real creator of value and generating innovative applications—I do not want this team to be disturbed by short-sighted opinions, nor do I want them to lose sight of more important construction content due to such opinions.

My purpose in participating in these projects is to see what level of substantial progress can be achieved; at least that will be a matter of a few months from now, and I am not too concerned about the price fluctuations of the project before it has made substantial progress.

Duan Yongping often says in his Q&A sessions: do the difficult but right thing.

This is very challenging for any entrepreneur. But only by doing so can a great team be built and a great project be achieved.

A good project and team are very rare, and whenever I discover a project and team with such potential in the ecosystem, I sincerely hope they can persist in doing the difficult but right thing.

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