Ansem: Current Cycle Approaches the DeFi Expansion of 2020 to 2021

Crypto trader Ansem stated that the current cycle has limited reference value compared to the markets of 2020, 2023, or 2024, with the closest parallel being the DeFi expansion of 2020 to 2021. At that time, billions of dollars flowed into on-chain projects, creating entirely new business sectors. In the current cycle, stablecoins and tokenized stocks are opening new markets, attracting participation from retail investors, institutions, and developers. These new sectors will bring fresh capital flows, products, and significant speculative activity, forming the framework for analyzing the current cycle.

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