It's very rare to see altcoins perform extremely well for 2+ cycles in crypto.
Similarly you want to bet on the products that can pass this test.
Perps have lasted ~3 cycles so far.

What’s next for crypto is pretty clear to me
DeFi -> NFTs -> memecoins -> perps + prediction markets

John Wang

Twitter

Pi Coin has failed to sustain its recovery over the past few days, leaving investors increasingly skeptical about its near-term outlook.
Despite Bitcoin holding steady above $110,000, Pi Coin’s detach...

Pi Coin Price Nears All-Time Low, And Even Bitcoin Can’t Save It Anymore

This week, BTC saw a surge after hitting the STH-RP level, but it retreated after the release of unemployment and NFP data.
"Is There Any Funding to buy the dips in Bitcoin Right Now? The Lock-In Resistance Above 116K Remains Strong (Mr. Berg's BlockTempo Report #41)" This article was originally published on BlockTempo, the most influential ABMedia outlet.

Is there any money buy the dips in Bitcoin right now? The resistance above 116K remains strong (Mr. Berg's On-Chain Weekly Report #41)

PANews reported on September 7 that the OKX market showed that ETH had just fallen below $4,300 and was currently trading at $4,298.46 per coin, with a daily increase of 0.67%.