Cryptocurrency Market Dominated by 'Air Projects,' Analyst Claims

According to PANews, cryptocurrency analyst Miles Deutscher recently tweeted about the current state of the crypto market, highlighting that approximately 37 million tokens exist, with 99.9% classified as 'air projects.' Deutscher suggests that fewer than 100 projects meet specific criteria, including having experienced teams, a long-term bullish stance on their tokens (net buying exceeds net selling), a clear business model with a roadmap for sustainable profits, a genuine product-market fit or clear path, consistent delivery regardless of market conditions, real competitive barriers, and alignment with macro trends such as AI, RWA, and stablecoins. He emphasizes that investors should focus on identifying these protocols with long-term potential and make long-term bets on them.