In each bull market, the early stages typically see a surge of new cryptocurrencies rather than existing ones. Data shows that the years of Bitcoin halving often lead to a large issuance of tokens, while mature tokens gain traction in the following years.

For example, during the last bull market, Dogecoin did not see significant increases during the 2020 Bitcoin halving; its value was relatively low at that time. Instead, its breakout occurred in 2021, while 2020 marked the birth of many new tokens.

The emergence of new cryptocurrencies is a hallmark of a bull market, driven by innovation. Historical trends support this: the ICO boom of 2016, the DeFi surge of 2020, and the anticipated growth of AI-driven tokens in 2024 illustrate how novel concepts can spark market excitement and attract investment. Each bull market cycle emphasizes the importance of innovation, with new cryptocurrencies leading the way, while established coins follow closely behind. #比特币减半完成 #BTC走势分析