As Bitcoin breaks through the six-figure mark, the cryptocurrency market once again becomes the focus. However, a thought-provoking question arises: do those small encryption currencies that once experienced a severe fall still have a chance for a comeback?

As an investor who has experienced multiple market cycles, I have reason to believe that these small encryption currencies known as 'altcoins' not only have the potential for a rebound but may also be crazier than ever before.

This judgment is based on several key observations:

First, investors' psychology often lags behind market changes. After each round of market activity, people always confidently declare that they will focus on Bitcoin, but when a new wave of speculation arrives, they will regretfully dive in. This collective cognitive bias may very well become the catalyst for the next round of small encryption currency market activity.

Secondly, the movement of capital is worth paying attention to. Many project teams are not as depressed as they appear on the surface. The concentration of chips for those cryptocurrencies that have plummeted in market value is already very high. This means that major investors only need to invest relatively small amounts of capital to potentially trigger significant price fluctuations. Recently, unusual capital flows have been observed in several long-silent cryptocurrencies, which could be a sign of upcoming market changes.

Finally, the diversity of market ecology cannot be ignored. The current cryptocurrency market is too singular, and relying solely on the performance of Bit is insufficient to continuously attract new participants. A true bull market requires a richer array of investment options and broader participation.

Although investing in small-scale encryption currencies carries higher risks, they may also play an important role in future markets. For investors, while focusing on mainstream encryption currencies, they should also maintain insights into the entire market ecology to seize potential opportunities.

However, it is important to emphasize that the high-risk nature of the encryption currency market cannot be ignored. Investors should fully recognize the potential risks and conduct in-depth research and prudent judgment when considering any investment decisions.