There is not much historical reference for altcoins, which is equivalent to no cycle, especially for VC coins, which only began to appear on a large scale in 2021. It is my wishful thinking to hope that the counterfeit coins of this cycle can reproduce the frenzy of the 2021 counterfeit season. The altcoins in 2021 went from 0 to 1, In 2025, altcoins need to go from 1 to 2 to replicate the prosperity of 2021, but are these altcoins really worth "2"? 99% of altcoins are electronic waste. Bitcoin is digital gold, and as long as there is consensus, it can rise from 1 to 100 without any problem, but you can't use altcoins. You must truly generate a value of "2" for the world to rise to "2". So I don't think there will be any large-scale knockoff seasons in the cryptocurrency industry in the future. There may only be CZ season, Elon season, and Trump season in the future.