Hi, I have just realized, that crypto was really overvalued in 2017 and probably we will not see these prices again.
Look for example on Ethereum:
https://coincheckup.com/coins/ethereum/predictions - Ethereum ATH price was 1500USD it equals 4% of all M1 money in the world, that is lot of money!
Or people think that Bitcoin can reach 100,000USD - it equals 10% of all M1 money in the world.
Don´t you think that the hype of crypto is over?
I personally have the belief that The last dose of hype really destroyed the market. Its going to take time to fix this, and I Sincerely think Whats happening now is healthy. The market is resting and letting itself heal. People who bought in in November and December are leaving crypto and telling their colleagues and friends its not worth it and a fraud. This is also good.
Now, the market can recover organically and the next sphere will come in a while once the market is set. Perhaps this time it will be strong enough to maintain the surge, even with another round of hype that will be sure to follow.