Why was the previous bull market so fierce? But the current bull market seems relatively flat?
1. Few currencies: In the past market, there were relatively few currencies to choose from, and investors only needed to choose a few currencies for investment.
2. Low circulating market value: In the past, the circulating market value of many currencies was not high, so even if the investment scale was small, huge gains could be achieved. In contrast, the current circulating market value of currencies is generally high, and it is difficult to achieve the same increase.
3. Too many tracks: There are various tracks in the current currency circle, such as staking, artificial intelligence, DeFi, etc., which has led to the dispersion of the market and the dispersion of investors' attention, making it difficult to form a concentrated pull-up force.
4. Insufficient number of participants: Compared with the past, the number of people participating in currency circle investment in the current market is still not enough, and the base is small, which affects the market's activity and growth.
5. Lack of pattern of project parties: Some current project parties are more focused on short-term interests and cutting leeks, rather than long-term consensus and technological innovation, which also affects the development of the market and the heat of the market.
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