Why is it a good time to buy dips in tech projects?

Author: Haotian; Source: X, @tmel0211

In the harsh market environment where most people believe that "VC coins are dead", "the technology narrative has vanished", "certainty has plummeted", and "all trades are MEME", I actually think the time to buy dip in tech projects has come:

1) The overall expected value of the bearish market for the counterfeit season has effectively lowered the project valuation.

Some excellent projects and poor projects will go through the same airdrop process—> the fundraising stage—> the market-making consolidation phase. Therefore, under the spell of many poor projects issuing tokens at their peak, quality projects will inevitably be mistakenly sold off due to market sentiment. This presents an opportunity for us to accumulate some quality projects at a low price; for example, what would today’s $ZKC $PROVE look like in the TGE environment of $STRK?

2) There is a natural misalignment between the Build phase of the technical project and the market launch cycle.

We are currently in a silent period of technological accumulation, with ZK, TEE, AI infrastructure, Intent trading, high-performance chains, etc., having launched a bunch of tokens, which have all become "technical debt." However, this type of infrastructure is seen as needing to wait for an explosion at the application layer. Only when the market experiences another application layer explosion similar to DeFi or NFTs (AI Agent?) will these types of projects truly have their day.

3) The holding experience of technical projects and MEME coins is like heaven and earth.

We can choose a tech project based on technical aesthetics during a bear market, holding it long-term to enjoy high multiples of growth. Although MEME coins have stronger explosive potential, they require intense PVP competition, 24-hour monitoring, and the huge opportunity cost and psychological pressure that most people cannot bear. In a passive environment where we cannot control the fluctuations in the value of our holdings, actively choosing a comfortable "holding experience" is crucial.

4) The market is undergoing a structural clearing of narratives related to "technical debt."

Projects that purely create concepts and ride on trends, without having a certain market share and ecological discourse power in key sectors, will be completely eliminated. In contrast, those that define technical standards, guide technological progress in the industry, and have a bilateral market for supply in both upstream and downstream will definitely be waiting for a second bloom.

5) The era of the great integration of TradFi has opened up new value anchors.

The procurement demand of the traditional Wall Street structure will provide new value anchoring for technology projects. Those projects that can provide upstream infrastructure for the new inflow of funds and users in TradFi are certainly very promising. At the same time, projects that are willing to repurchase tokens after stepping out of the PMF route, as well as those DATs that can continuously bring in incremental funding, will have greater opportunities. The industry's internal competition has led to a high cognitive threshold but has also defined new valuation and selection methodologies.