tldr; Bull markets optimize for narratives, bear markets for fundamentals. Bull markets are when the free-flowing money stops and the question “why are we building all of this again” starts to creep back up. In 2021, most crypto tokens are down 80–90% from their previous all-time-highs, but the attention of market participants has shifted from hype-fueled ponzinomics to sustainable revenue, sound economics, and the need to solve real-world problems.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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