Rising sharply and then falling back, this pattern indicates a quick surge in price or value followed by a rapid decline. It often reflects market volatility where an asset experiences a sudden increase, possibly due to speculation or news, but then quickly reverts to previous levels or lower. Traders and investors watch for such movements to identify potential reversal points or to capitalize on short-term trading opportunities.

#我在Gate广场过新年 Bear market in the AI track can consider bottom-fishing with copycat projects——$VIRTUAL
I've always been optimistic about virtuals because it closely resembles my idea of "the next-generation internet entrepreneurship": raising funds through Web3, letting agents genuinely do the work and create value, then commercializing through decentralized protocols instead of just storytelling.
It is said that this year it has already achieved $75 million in revenue, indicating that this model is viable. The key is its clever structural design: on the surface, it appears to be a VC-oriented incubator, but the people involved in the incubation and those using the agents on it are basically the same group. When you participate in projects within virtuals, chances are you’re already using the project's agent, naturally shifting from participant to user.
Currently, its agents are mainly concentrated in market trends, DeFi, X402, and other Web3 scenarios. It hasn't gone mainstream yet, but this actually reduces competitive pressure. If you really want to develop a general internet agent, you risk being overwhelmed by big corporations and open-source models. Starting with a niche where users are sufficiently pure and needs are clear isn't a bad choice.
The real challenge lies in later expansion: the user base needs to change, and agent capabilities must evolve. An ideal path might be for virtuals to handle incubation, with agents running on eigencloud, and then scaling through channels like Coinbase. Whether it can reach that stage depends on execution, but the direction itself is correct.
Another project with a similar model is $BIO . Although both projects have taken a heavy hit recently, I will continue to follow them. During the bear market, many say copycats are scams, and I admit that. But this circle cannot do without altcoins. Without altcoins, today’s cryptocurrency market wouldn’t be at this level, and Bitcoin wouldn’t be at this price.