There are similar cycles in cryptocurrencies, yes it is true. But as you said, there are many projects that develop their networks today, when I look at the roadmap of all of them, I see that there is a long way to go. This year's bull run is unlike any before. There is a market that attracts the attention of corporate companies and even governments. There have been various developments for this market. NFTs in particular have a lot of hype
If there are similar things are happening in this crypto space then how and why shitcoins are also being created? I mean devs must learn from others mistake and should avoid going for same type of coins as usually repeated/copy-craps are becoming shitcoins over the time. So, if devs are careful enough then they could serve us in fruitful way rather than just by having intention of scamming investors of this crypto space.
We need to agree that repeating of trend is happening in this crypto world in all kind of ways which is not limited to only progressive things. It means even scams also happening in repeated manner which must be a worrying sign for all crypto investors in all sense.