$W can still be saved, right guys?
Do you think cross-chain has a chance this season?"
I see that the $W dApp is also okay, it's not bad at all, and it's even offering staking while the chart is still dumping.
Do you hold the $W token? Does it still have potential?
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The story of market capitalization through crypto market cycles.
We usually rely on market capitalization to analyze trends. However, the crypto market is a wild market, so all statistics also transform accordingly.
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In the 2017 cycle, the market had only a few hundred projects on CoinMarketCap, so analyzing the data was relatively accurate.
- Bitcoin peaked in December 2017 - Total2 peaked in January 2018. At this time, most Altcoins increased very strongly, pushing market capitalization up.
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In the 2021 cycle, Bitcoin's price peaked in November 2021 - Total2 also peaked around the same time.
However, almost all altcoins on the exchange had already peaked in May 2021. Very few coins broke the peak from May 2021. But Total2 still pushed higher because every day there are hundreds of GameFi projects listing on exchanges. This leads to the analysis of market capitalization with Altcoin prices not matching up anymore.
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In the current cycle, almost all altcoins have not broken the 2021 peak, but Total2 reached the same level as 2021 in December 2024.
=> Why is that?
- One is due to new projects continuously emerging with huge market capitalizations, pushing market capitalization higher.
- Two is that old projects unlock tokens, increasing market capitalization, while the price does not increase and may even decrease.
