Low cap Altcoins have been weak for the past 2 years, no retail FOMO this time?

This cycle seems very different, as most low-cap altcoins have barely made any progress over the past two years.
Chart performance of low cap altcoins
Historically, you would expect low-cap altcoins to have increased by 10x by now, but they remain at their lows. Is the crypto market becoming more mature, or do retail investors not yet feel the FOMO to 10x their money yet? At these prices, many low-cap altcoins won't survive the next crypto bear market and may go to zero. Is a cleansing on the way in the next three years?