crypto analyst Miles Deutscher tweeted that there are currently about 37 million tokens in the crypto market, with 99.9% belonging to "air projects." He believes that only less than 100 projects meet the following criteria: having an experienced team, holding a long-term bullish attitude towards their own tokens (net buying more than net selling), having a clear business model and a roadmap to achieve sustainable profits, finding a real product-market fit or a clear path, being able to deliver continuously regardless of market conditions, having real competitive barriers, and being consistent with macro trends (such as AI, RWA, stablecoins, etc.). He emphasized that investors' task is to find these protocols with long-term potential among many projects and make long-term bets on them.