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In the crypto market, the vitality of alts ultimately relies on narratives to drive them. So what is a narrative? Simply put, it is the celebrity effect or real events providing support, but the vast majority of projects ultimately still find it difficult to escape the fate of delisting.
There are only a few influential figures in the crypto circle—such as the Trump family coin, Musk, and Vitalik Buterin, who indeed hold the lever of public opinion. However, top-tier narratives and ordinary trend-chasing are completely different things. My understanding is that these influencers need to continuously and clearly build positions and hold them long-term, endowing projects with sustainability through a firm long-term story. At the same time, the community and exchanges must work together to create a unique top-tier narrative.
The reason why ETH's trend can lead the market is fundamentally due to the continuous extension of community consensus. Consensus is power, this is the most basic truth in the crypto market.