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Unfortunately, the dramatic bearish era must be faced again, like what happened in 2018-2019. Many crypto projects have been dropping very drastically only in a few months, likely having dropped after many months. the drop in price of many crypto projects happened, moreover in the new projects. Yes, many new projects have been failed to grow, many top coins also cannot reach its previous ATH, sadly, several top coins also drop the price drsatricallya dn easily before reaching its good price. That is why many VC is also experiencing a very bad situation, regarding to their crypto project investment.
perhaps, that is the meaning of the bear season, we certainly see huge drops in prices and some projects go die. It is actually harsh to see but, we simply think that it was a part of the market cycle, we've done with the bull sean last year now, it was the time for the downsides and that is why we need to be prepared.
Seeing the current market sentiment, it can really be hopeless to see a huge pump rather than experience the dump. Have had a few pumps in the past few days but seems it wasn't sustainable, dumps are still to follow.
The bearish season has been a part of the crypto cycle and no one can control or even predict it. We can see the strength and potential of a coin if it could resist and survive the bearish season. Lots of altcoins dump drastically these days and I'm sure that not all of them will survive the market situation.
While some projects are dying, it's important if we'll focus on stronger projects with huge potential to strike high when the bull market comes. Focus on coins that could assure a good profit.