The market conditions for Web3 really change from time to time. To be honest, last year's Catizen game was not fun at all, but it quickly got onto Binance's spot market, and after being listed, its fully diluted market cap soared to 1.2 billion USD.

Now, after more than a year of preparation, the Catizen team has launched a game that is many times more fun than Catizen, with high-quality art, rich gameplay, and strong operations. However, after being listed on Binance Alpha for TGE and token issuance, its current market cap is only 30 million USD.

Where can I go to reason about this?