The volumes the last part of 2023 and the early part of 2024 haven't been impressive for most projects. As long as there are more buys than sells we keep going higher despite the volumes not really being what it was in the 2021 bull run. To continue with the 4 year cycle the peak would be late 2025 and we sort of started 2 years early with this run so it will be interesting to see if it is a more steady climb. A lot of people are making money off of airdrops and there are a whole new set of Layer 1 Smart Contract platforms popping up that people are buying into. A few narratives are taking the forefront at this point like a potential Ethereum ETF approval and the Bitcoin halvening coming up. The fiat currencies have been inflated beyond belief so there is also some people trying to escape fiat. The various economies around the world aren't looking good and a lot of the numbers are fictitious. The economy is starting to lock up. More and more companies are having to trim the fat. A lot of people are likely going to lose their jobs in the next couple of months.
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