According to @GracyBitget, there is a clear difference between building a startup and chasing a narrative, with 98% of L1/L2, GameFi, and NFT projects described as a dead end this cycle. source: @GracyBitget on X, Dec 1, 2025. For heavily funded teams with large headcount, the post advises targeting capital-intensive moats: Perp DEX, prediction markets, and core AI. source: @GracyBitget on X, Dec 1, 2025. For lean teams, it recommends dominating a niche via vertical AI, regional AI trading, and distribution for major protocols or CEXs. source: @GracyBitget on X, Dec 1, 2025. The post urges builders to stop chasing narratives and to focus execution within these specified sectors for the current cycle. source: @GracyBitget on X, Dec 1, 2025.