Old vs New Issues: There has always been a saying in the cryptocurrency market that new projects are favored over old ones, which was particularly evident in the last cycle.

At the end of 2020, the top twenty in the cryptocurrency market were still filled with LTC, BCH, BSV, XLM, XMR, EOS, NEM, and other projects that many people probably no longer understand.

As a result, a large number of new projects emerged in the last cycle, quickly pushing these historical old projects out of the market rankings.

However, there are some differences in this wave. On one hand, many new projects have emerged, and well-conceived narratives with good teams are making things happen.

On the other hand, many projects that shone brightly in the previous cycle have undergone a cycle of life and death and are now blossoming again, like SOL, BNB, AVAX, UNI, NEAR, FTM, GALA, YGG, UNI, STX, etc. It seems they have embraced new narratives, and their teams are also actively striving for success, with market capitalizations that are impressive.

It is therefore difficult to expect that new projects in this cycle will replace old projects as obviously as they did in the previous cycle, as many old projects are still very competitive.