Why was the bull market so fierce before, but the current bull market is not so strong?

1. Few currencies and single choice In the past, there were few currencies in the market, and investors’ choices were either to buy this or that, and the funds were concentrated, so the increase was easy to increase.

2. Low circulating market value In the past, the circulating market value of many currencies was very low, and it was relatively easy to increase the value of a currency with a market value of 10 million by ten or a hundred times. Now, many new currencies have a high market value when they go online, so the increase is naturally not so exaggerated.

3. Many tracks and dispersed funds There were not so many tracks in the original bull market. Now the currency circle has a pledge sector, an AI sector, and then a pledge again, and then a meme coin, and there are various new ways to play such as inscriptions and runes. After all the speculation, it is still this group of people in the end, and the funds are dispersed, so the increase is naturally not as good as before.

4. Not enough new players The number of new players in the currency circle is still not enough, and the base is not large enough. Many people still don’t know what BTC and blockchain are.

5. The project party lacks pattern There are too few project parties with pattern now compared with before. The current project owners are studying how to cut leeks all day long, and never consider how to build consensus, how to promote projects, and how to raise the price of coins.

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