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In the previous bull cycle, the value of DOT increased from 3 billion to 500 billion, DOGE from 2 billion to 700 billion, and BNB from 10 million to 600 billion, along with many smaller cryptocurrencies with market caps reaching tens of millions and increasing by dozens or hundreds of times. One of the main reasons for the small-cap crypto season in the previous bull cycle was that the value of small cryptocurrencies was low, forcing speculators to raise prices to sell them, thereby achieving greater profits.
In this bull cycle, many top-tier projects have emerged, especially with the approach of 2024, where the market cap of VC cryptocurrencies reaches astonishing levels
$STRK reaching a market cap of 500 billion
$SAGA reaching a market cap of 76 billion
$W reaching a market cap of 165 billion
ZK reaching a market cap of 63 billion
DYM reaching a market cap of 52 billion
ETHFI reaching a market cap of 40 billion
ALT reaching a market cap of 30 billion
Currently, the market is correcting the valuation of small cryptocurrencies, and the value of small cryptocurrencies on trading platforms is decreasing, and the small coin bubble is gradually deflating. According to this trend, many excellent small cryptocurrencies are likely to have a market cap of only billions or tens of millions in the next bull cycle, and a new wave of the amazing small crypto season will emerge.$SUI