In 2026, the crypto market is becoming increasingly fragmented, with RWA, Meme, and privacy coins forming two major investment camps. Institutions are betting on the RWA tokenization revolution, which, despite a trillion-dollar market outlook, faces risks of low liquidity and regulatory delays; Meme coins are warming up but remain a game of existing holdings, with hidden risks of unlocking selling pressure; privacy coins have limited rebound potential, caught in a dilemma between compliance and ideology. The article points out that a single track is unlikely to generate alpha, and opportunitie
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