This round of bull market is different from the previous ones in two aspects:
1. The rush of cottages that started in October last year destroyed the cycle structure. For example, Tao’s current market value is still 11 billion, although it has not produced anything.
2. Part of the market value of cottages has been eaten up by the chain. For example, Goat’s 1 billion cannot be counted as cottages.
Considering 1, the market value of new cottage leaders such as AI, Btc Ecosystem, and Ton Ecosystem in this round is not low.
Considering 2, the cottages in the institute will be much more difficult than the previous round.
Therefore, it is estimated that it is more difficult for the cottages to outperform btc in the early stage or outperform eth in the later stage than in the previous round.
