Re-analyze this bull market, whether altcoins have come to an end
In the 2021 bull market, Bitcoin hit 65K twice from the bottom, with the highest increase of 20 times
After a halving in the middle, altcoins experienced a trend of rising 📈10 times and returning to zero
The external conditions of the 2021 bull market, altcoins encountered an unprecedented bottom interest rate, and market liquidity was fully released
The external conditions of the 2024 bull market, the United States is the highest point in interest rates in history, and a large amount of funds have entered BTC ETF, the economy has slowed down, and there is no excess funds in the market to enter altcoins, Bitcoin has risen, and altcoins have not risen
The 2021 crypto market is not yet mature, a large amount of venture capital has entered Web3, and various projects have emerged in an endless stream
In the 2024 crypto market, a large number of projects have died in the womb, and a large number of team leaders have left or switched tracks
There are basically no ground-pushing projects, investors have fled overseas, and there are no new market hotspots
The current market is the same as the past, 🈶️, and there are also differences. The same is human nature, and the difference is the reality.
If you want to reproduce the 2021 Shanzhai boom, you must have several elements,
Low interest rates, sufficient market funds
The market is good, a large number of new projects emerge in an endless stream, and fresh blood continues to flow into the market
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