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Analysts: The number of encryption projects with a market capitalization exceeding $100 million has decreased from 477 in November 2021 to 388.
PANews reported on November 13 that crypto analyst Route 2 FI posted that in November 2021, there were 477 projects with a market capitalization of over $100 million, which has now decreased to 388 (including stablecoins). Their analysis is as follows: 1. November 2021 was nearly the peak moment for alts in the previous cycle, and this cycle has not truly experienced a crazy rise; 2. Tokens with low circulation and high Fully Diluted Valuation (FDV) were uncommon at that time. If we sort the number of projects with a Fully Diluted Valuation over $100 million, this number should be higher than in 2021; 3. Liquidity and capital are increasingly concentrated on fewer, larger projects, meaning that even if the total market capitalization rises, small alts will struggle to achieve high valuations; 4. After several rounds of speculative cycles, retail investors and institutional investors are more cautious, tending to prefer tokens and ecosystems that have practical value and have been validated, rather than speculative tokens.

