With altcoin prices suffering, metas dying within days, and teams pulling the plug on funded projects despite BTC trading above $90,000, many market participants have completely left the space, believing that there will be no wealth-generating events in crypto again, ever.

While the current landscape is bleak, this phenomenon is nothing new, and the trend remains your friend - in this case, the trend is that “the trenches” die out, people who made a lot of money tell you it's over forever, and then eventually the market proves them wrong.

The idea that the market will reward crypto degenerates as handsomely as it has in the past is slowly dying out, and for good reason. Altcoins struggled this cycle, even ETH had to fight tooth and nail to make a new all-time high, and altcoins running to incredible valuations have served as the backbone of the degen economy for the last ten years.

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