The current market expects the altcoin season to resemble the A-share market in 2021, where many investors are hoping for a bull market with widespread surges like in 2007 and 2014.
Why hasn't there been a surge? Next, let's look at the data In 2007, 2014, and 2021, as well as the current number of A-share listed companies:
2007 Bull Market: By the end of 2007, the total number of A-share listed companies was 1,550.
2014 Bull Market: By December 31, 2014, the total number of A-share listed companies was 2,613.
2021 Bull Market: By the end of 2021, the total number of A-share listed companies was 4,685.
Current (2024): By December 2024, the total number of A-share listed companies is 5,195.
With more and more stocks, in the past there were fewer stocks, limited choices, and concentrated capital inflows made it easier to drive prices up, leading to a high wealth effect. Later, as more junk stocks appeared, this was also a significant factor that caused the A-share market in 2021 to essentially be a local bull market, with the index even failing to reach 4,000 before hastily ending and entering a bear market. This has also led to a situation where virtually no one engaged in long-term value investing managed to sell at the peak, and many suffered significant losses during the rollercoaster ride, being stuck until now, with long-term annualized returns lower than those of bank savings, all without any manipulation from retail investors.
Now, let's take a look at how many altcoins are in the crypto market.
2017 Bull Market: Approximately 1,300 cryptocurrencies. 2021 Bull Market: The number surged to over 4,000. 2024 Bull Market: Currently, there are over 9,000 cryptocurrencies.
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