In 2013, the Bull Market was dominated by BTC, when BTC was like a popular meme coin, pumping crazily, without the concept of valuable coins.

During the bull market in 2017, Ethereum (ETH) was in the spotlight, and ICOs caused a frenzy. Being listed on a major exchange was considered a 'valuable coin', but many of these 'valuable coins' have since disappeared. In the bull market of 2020, DeFi emerged, followed by Non-fungible Tokens, blockchain games, and the Metaverse, ending in a zoo frenzy. DeFi is essentially a nesting game, and if the assets cannot cover the debts, the balance will be lost, such as the death spiral of LUNA. FTX, on the other hand, suffered a funding chain rupture and a sudden collapse due to the exchange's blood transfusion. Non-fungible Tokens are speculative assets in the form of small images, similar to online stamps, while blockchain games are financial pyramid games disguised as blockchain projects. All of these have been touted as value investments.

By the 2024 Bull Market, it seems to have returned to the beginning, with BTC dominating the market and AltCoins relying solely on FOMO frenzy, ignoring the so-called value of VC coin. Meme coins transfer power to the community, and the value of retail investors is considered to be the true value, which is in line with the core of Decentralization and the original intention of BTC's creation, combining social experimentation and fun.
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