In the world of cryptocurrency, every craze is like a vast ocean, leading countless adventurers to the other side of wealth. Looking back at the past 12 years, we have witnessed several crazes, each full of passion and opportunity.
The 2013 wave of altcoins:
When Bitcoin (BTC) lit up the sky like a dazzling star, people began to realize the infinite possibilities of cryptocurrency. Altcoins sprang up like mushrooms after rain, imitating the successful model of BTC and trying to replicate that glory. LTC and other currencies emerged in the craze, and their prices soared, which was jaw-dropping. However, with the proliferation of projects and insufficient funds, the craze eventually burst like a bubble, which made people sigh.
The ICO craze in 2017:
The success of Ethereum (ETH) inspired people's enthusiasm for blockchain projects. ICO (initial coin offering) has become a new investment hotspot, and projects such as Ant have emerged, attracting a large influx of funds. However, with the increase in projects and the saturation of the market, the craze has gradually cooled down. Project owners and big investors left the market after the harvest, leaving behind a mess and investors' loss.
DeFi storm in 2020:
The success of Uniswap has made DeFi (decentralized finance) the darling of the market. Copycat projects such as Sushi have sprung up like mushrooms after rain, trying to replicate the glory of Uniswap. However, with the saturation of the market and the shortage of funds, the DeFi storm has gradually subsided. Project owners and big investors left the market after the harvest, and investors began to reflect on the truth behind the craze.
Dogecoin craze in 2021:
The sudden rise of Dogecoin (DOGE) has made the market boil again. Copycat projects such as Shib have emerged like a tide, trying to replicate the madness of Dogecoin. However, with the overheating of the market and the consumption of funds, the craze has also begun to cool down. The project owners and big investors quietly left the market after the harvest, leaving behind the frustration and reflection of investors.
Every boom is a baptism of the market, which allows us to see the infinite possibilities and risks of the cryptocurrency world. While pursuing wealth, we should also remain rational and vigilant, and not be confused by the market bubble.Only in this way can we go further and more steadily in the world of cryptocurrency.
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