Many people say that a certain type of hot asset has reached a critical point and is about to top out, but this logic actually overlooks an important phenomenon—the true game changers often only start accelerating at what others consider the "end point."

The key difference lies in the growth mechanism. When a project possesses genuine self-reinforcing properties, moving to a higher stage is actually the beginning of growth rather than the end. It's like a snowball rolling down a hill—the larger it gets, the stronger the gravity, and the faster it accelerates. Projects with well-designed mechanisms attract new participants in each cycle, creating a cascade effect.

Currently, institutional investors have already seen through this mechanism. Their strategic approach is to quietly bet on assets with breakout potential while the public is still debating "Can it still go up?" There are still many participants in the market who haven't understood this logic and are still interpreting project trends based on traditional cycles.

The real opportunity often lies in areas with the greatest cognitive gaps.