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The market themes at the beginning of 2026 are gradually becoming clearer. One obvious trend is that privacy coins are regaining attention, with $XMR leading the wave of privacy revival. The new wave of the cypherpunk movement is driving this transformation.
Another phenomenon worth noting is happening on the traditional stock market side. Small-cap stocks are starting to take turns, and the strong period for large-cap blue chips has already passed. The tech giants once regarded as the "Seven Golden Brothers" are indeed cooling off in valuation. Entering 2026, this valuation gap is unprecedented — the attractiveness of small-cap stocks suddenly appears more prominent by comparison. The market is rethinking the flow of funds.