@jorda
Recently, I have seen everyone discussing whether there will be a copycat bull market. Pessimistic people believe that there will be no copycat bull market in the future. The bull market has not yet started, and copycats have already entered a bear market.
In fact, the copycat bull market is bound to come, because the most attractive thing in the currency circle is the wealth effect, and the demand for speculation is always there.
It’s just that compared with previous rounds of bull markets, it will be different, because there are too many currencies now, with more than N coins being listed every day, and the dispersion of funds is not conducive to speculation.
Therefore, it is difficult to reproduce the previous comprehensive bull market. In the future, funds will be concentrated on track leaders and new narratives, as well as high-quality projects with low market value potential.
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