We have the same market capitalization as in the last bull run but the currencies do not reach their last historical maximum in terms of price, why does this event occur?

It will be that Cz's theory applies to all currencies and not only to Btc. He said that the bull run was not news that would raise the price of #Bitcoin , only a cut would be made to the payment to the miners. An example of this event is #solana . .

Or will it be the incorporation of memecoins that monopolize liquidity since there are new trends such as #Pepe o #FLOKI✅