In my understanding, which is contrary to the vast majority of players, we will no longer have coins reaching crazy prices. I will show 2 graphs, and then give some data that justify my interpretation.
These are the graphs with the total capitalization of the crypto market, one excluding the capitalization of bitcoin and the other excluding bitcoin and etherum.
See that the altcoin market has been decreasing, despite the fact that every day we have more and more new coins. One of the reasons that explains the madness that occurred in the last cycle was that we had negative interest rates. Individuals, small investors have no idea what this means, because they do not have access to this type of capital, they can only access capital through banks.
For institutional investors, banks, funds, it means the following: you took the equivalent of 500 million USD in yen, bought Nikkei blue chips, and could trade on the NYSE, kept dollars, could invest wherever and however you wanted. Later, you had to pay less than the 500 million itself, the interest rates were negative.
That's why, with free money, any currency that suddenly appeared was worth billions in capitalization.
The world dictated, money is expensive, Japan imposed restrictions on capital, now it can no longer trade abroad, the US is expensive, the EURO is the same.
That's why I don't believe we'll see currencies reach 300 billion...400 billion in capitalization.
Gentlemen, the company ORACLE, which created Java Script, which revolutionized the entire Internet, has a market value of less than 200 billion. It doesn't make sense for any currency to be worth more than that without fundamentals.
I'm excluding Bitcoin and Etherum, because they are different cryptographic assets, they are stores of value, they have billions blocked, they are safe, and they are market leaders.