Why The Current Crypto Bull Run Feels Like a Different Beast

By Cryptonator`s | Cryptonator`s Investments | 22 Nov 2024

Bitcoin is back in beast mode, teasing the $100,000 milestone and reminding everyone why it is called the OG of crypto. But let's be real because this crypto bull run does not feel like the euphoric moon mission we had been on back in 2021.

Something has shifted, and it is not just the price action. Let's have a closer look.

Where Are The Altcoins?

During the last bull run, altcoins rode Bitcoin’s coattails like it was their golden ticket to the moon. It was mindblowing. $ETH, $SOL, $ADA, and even meme coins like $DOGE and $SHIB smashed new ATHs as retail money poured in. Numerous altcoins even performed the 100x.

This time? Not so much. Altcoins are lagging big-time, stuck in a slow grind while $BTC steals all the limelight. Sure, a few projects are pumping, but the alt-season vibes we all remember are MIA.

Market Sentiment

And then there is the vibe check with newbies. Back in the day, every TikTok influencer and their dog were hyping up “the next 100x gem.” Crypto Twitter was chaos.

This cycle? It feels more subdued. First of all, Crypto Twitter as we knew it, is no more: The Death of Crypto Twitter - How Elon Musk's Twitter Overhaul Disrupted a Thriving Crypto Community

Then there still is skepticism in the air. Maybe it's a leftover trauma from the FTX implosion, Terra collapse, and all the other 2022 drama. Newbies are not FOMO-ing into low-cap coins like they used to. Even the normies seem cautious, sticking with Bitcoin and Ethereum like they have learned their lesson. Here comes the spoiler: they probably haven't. 😅

Is It A Good Thing?

But here is the twist: because this might actually be a good thing. A market that is built on pure hype and degenerate plays is not sustainable. This time, $BTC feels like it is leading a more mature, institutional-driven market.

Maybe the crabby altcoins are just taking their time, waiting for solid use cases and real adoption to shine like with Real-World Asset Tokenization or DeSci.

My Final Conclusion

The crypto market is growing but hasn't lost its spark. Bitcoin might be close to $100k, but this time, it is a marathon, not a sprint. The vibes might be different, but the potential is still massive. We might be at the start of something bigger, so HODL on to not only your Bitcoin but also your altcoins. Let's see where this ride takes us.

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