In the last bull market, DOT's market cap rose from 300 million to 50 billion, DOGE from 200 million to 70 billion, BNB from 1 billion to 60 billion, and countless altcoins with market caps in the tens of millions surged tenfold or twentyfold. One of the key reasons for the altcoin season in the previous bull market was the market cap of altcoins; market makers had to manipulate the market to push prices up and sell off, thereby earning more profits.
In this bull market, many top-tier projects have emerged, especially around 2024, with VC coin market caps reaching astonishing levels.
$STRK reaching up to 50 billion market cap $SAGA reaching up to 7.6 billion market cap $W reaching up to 16.5 billion market cap ZK reaching up to 6.3 billion market cap DYM reaching up to 5.2 billion market cap ETHFI reaching up to 4 billion market cap ALT reaching up to 3 billion market cap
Currently, the market is correcting the valuation of altcoins. The market caps of altcoins listed on exchanges are getting smaller and smaller, and the altcoin bubble is gradually deflating. If this trend continues, many excellent altcoins in the next bull market will likely only have market caps of a few billion or tens of millions. At that time, another wave of spectacular altcoin seasons will follow.
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In the last bull market, DOT's market cap rose from 300 million to 50 billion, DOGE from 200 million to 70 billion, BNB from 1 billion to 60 billion, and countless altcoins with market caps in the tens of millions surged tenfold or twentyfold. One of the key reasons for the altcoin season in the previous bull market was the market cap of altcoins; market makers had to manipulate the market to push prices up and sell off, thereby earning more profits.
In this bull market, many top-tier projects have emerged, especially around 2024, with VC coin market caps reaching astonishing levels.
$STRK reaching up to 50 billion market cap
$SAGA reaching up to 7.6 billion market cap
$W reaching up to 16.5 billion market cap
ZK reaching up to 6.3 billion market cap
DYM reaching up to 5.2 billion market cap
ETHFI reaching up to 4 billion market cap
ALT reaching up to 3 billion market cap
Currently, the market is correcting the valuation of altcoins. The market caps of altcoins listed on exchanges are getting smaller and smaller, and the altcoin bubble is gradually deflating. If this trend continues, many excellent altcoins in the next bull market will likely only have market caps of a few billion or tens of millions. At that time, another wave of spectacular altcoin seasons will follow.