In the last bull market, DOT's market cap rose from 300 million to 50 billion, DOGE from 200 million to 70 billion, BNB from 1 billion to 60 billion, and countless altcoins with market caps of tens of millions surged tenfold or twentyfold. One important reason for the altcoin season during the previous bull market was the market cap of altcoins; whale traders had to manipulate the market to push prices up and sell off, thereby earning more profits.

In this bull market, many top-tier projects have emerged.
Especially around 2024, the market cap of VC coins is truly astonishing:
$STRK Reaching up to 50 billion in market cap
$SAGA Reaching up to 7.6 billion in market cap
$W Reaching up to 16.5 billion in market cap
ZK reaching up to 6.3 billion in market cap
DYM reaching up to 5.2 billion in market cap
ETHFI reaching up to 4 billion in market cap
ALT reaching up to 3 billion in market cap
Currently, the market is correcting the valuation of altcoins. The market cap of altcoins listed on exchanges is getting smaller and smaller, and the altcoin bubble is gradually being cleared. If this trend continues, many excellent altcoins in the next bull market will likely only have a market cap of a few billion or tens of millions. At that time, another wave of spectacular altcoin seasons will come, but many people will no longer dare to jump in.