One aspect of crypto markets maturing that I haven't seen on my TL yet is the fact that assets are becoming increasingly uncorrelated to the price of Bitcoin.
Roughly, whenever Bitcoin went up, everything else went up. This was the case even when the bull markets weren't driven by Bitcoin at all (e.g. 2017 ICO boom, 2020 DeFi Summer, 2021-2022 NFT craze).
Now, we are seeing a decorrelation in the price of top assets like BTC, ETH, SOL, BNB, etc. A downstream effect is the fact that alts now don't get the same boost as before. When BTC mooned, everything mooned. But now when BTC moons, not necessarily everything moons.
L2 tokens, alt L1 tokens, etc actually need to be valuable to do well on the charts!
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