In the crypto world, there has always been a saying to trade new coins rather than old ones, which was very obvious in the previous cycle.

By the end of 2020, the top twenty in the crypto world were still filled with projects like bch, bsv, xlm, xmr, eos, nem, which many people now probably have no understanding of.
So in the last cycle, a large number of new projects quickly pushed these historical old projects out of the top ranks of the market.

But there are some differences in this wave:
On one hand, many new projects have emerged, and teams with good conceptual narratives will also make things happen.
However, many outstanding projects from the previous wave have re-emerged after going through a cycle of life and death, such as sol, bnb, avax, uni, near, ftm, gala, ygg, uni, stx, etc. They all seem to have grasped new conceptual narratives, and the teams are also actively striving for progress, with market capitalizations that are very engaging. Therefore, it is difficult to expect that the new projects in this cycle will replace the old projects as obviously as in the last cycle; many old projects are still very capable.
In the previous cycle, DeFi was the main narrative, speculating on DeFi on ETH, then on DeFi on BSC, and then on DeFi on MATIC. In the second half of the year, the focus shifted to speculating on DeFi on SOL, AVAX, and FTM. At that time, the capital volume of this wave of DeFi was large, and the collective and group shift was very obvious.
Currently, some people in the persimmon market are optimistic about this, while others are optimistic about that, which has led to a serious division of funds.
Different sectors have their supporters, and the development models vary. The serious fragmentation of capital has resulted in the absence of a grand scene where a sector continuously takes turns to surge. Basically, each sector shines for two to three weeks before retreating and regrouping.
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