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Crypto is buzzing again. All the signs of a bull market are here. Tokens are pumping 2x overnight. CT timelines are full of "I gave you x at $69 dollars before it did a 1000x" posts. First-cyclers are being forced to forget logic, dive into the thrill of Soros’ theory of reflexivity, and watch crypto as an asset class gets repriced in real-time.
However, before such excitement, there's usually a quiet time. It's when the real work happens. And it's been no different this time around.
Back in November 2021, Bitcoin hit $69,000 (poetic) and Ethereum reached $4,800. The total value of crypto crossed $3 trillion. Everyone thought crypto was the future of finance, and the growth seemed unstoppable. Sadly, though, that was the pico-top of the last bull run. For the next two years, the market only went down. We entered a bear market which hit rock bottom in November 2022, marked by the collapse of FTX.
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