Why was the previous bull market so fierce, while the current bull market seems dull!
First, looking back at the past market, there were relatively few types of digital assets, and investors had limited choice. The market value at that time was not large, so some projects, even if the market value was only tens of millions of dollars, could easily increase tenfold or even a hundredfold as long as there was some buying.
Secondly, in comparison, the current market's circulating market value is huge, and the amount of funds required to achieve several times growth is also correspondingly huge. A tenfold increase in the market value of $100 million and a tenfold increase in the market value of $1 billion are completely different concepts.
Third, the past market lacked the diversity of the present. Today, the crypto market is full of various types of projects, including pledge sectors, AI sectors, DeFi, Meme, etc. Investors have a wider range of choices, resulting in frequent changes in market hotspots.
Fourth, the number of investors participating in the market is relatively limited, and the popularity is not enough. Many people still do not have a clear concept of Bitcoin and blockchain.
Finally, some current project owners may lack the vision and foresight of the past and are more focused on how to profit from them rather than how to promote consensus and technological development and how to increase the long-term value of the project.
