During this period, everything surrounding Plasma has actually entered an 'insider stage.' Not because there is more information, but because **the information begins to become inconspicuous**. When a project is still being loudly discussed, there is often nothing to see; when discussions become scattered and judgments begin to diverge, it instead indicates that the structure is changing. The broken-toothed key on the table.
1. Why do I say this is the stage that 'insiders will notice'
Most people look at projects through only two dimensions:
Has it risen?
Can it still rise?
But those who have truly experienced a complete cycle will know that the most critical stage of a project often occurs when **the market no longer gives you a clear direction**.
Currently, Plasma is in such a position:
There is no unified narrative, no collective consensus, and no emotional consistency.
This is not a bad thing; rather, it indicates that the market has stopped 'thinking for you'.
2. Where mainstream judgments are failing.
The most common view now is:
"No performance = no hope."
This is a typical trader's perspective but does not apply to all projects. Especially for infrastructure projects, their value realization order often contradicts market sentiment completely.
When emotions are at their hottest, they are still not needed;
When they are truly needed, the emotions have long since exited.
This is also why, the older the trader, the more they will start to revisit project materials at this stage rather than focusing on short-term feedback. The wind outside is a bit strong.
3. The real screening logic has shifted from 'watching rises and falls'.
Pay attention to one detail:
The discussions around Plasma have not disappeared; they have just **shifted from emotional judgments to functional judgments**.
The questions being discussed begin to turn into:
What exactly does it solve?
Has it been replaced?
If you don't use it, will the process be more troublesome?
When the problem becomes like this, the project has entered a completely different evaluation system. This is not voting; it is auditing.
4. Why this is a stage that is "unfriendly to projects but fair to structures".
At this stage, the project hardly receives any emotional dividends.
No one is shouting slogans for it, and no one is backing up expectations for it.
But it is precisely this environment that can force out the most real question:
Is it indispensable?
If the answer is negative, the project will soon be bypassed by the system;
If the answer is affirmative, it will instead be preserved in silence. The coffee has already gone cold.
5. Many people make mistakes here.
The biggest problem is not misjudgment, but **hastily wanting an answer**.
And the market at this stage will precisely not give you an answer.
What Plasma is experiencing now is not about proving how strong it is, but accepting a cooler test:
When no one speaks for it, can it still stand firm?
The market loves to give conclusions when it's lively, but what truly decides presence or absence often happens in the stage of 'no one is urging you to place bets'. By the time you understand, the screening has already been completed.
