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The internet bubble crisis is not an old story
It is happening around us right now
In the past, the crypto space could achieve a $10 billion FDV listing
just by inflating data and user numbers
Now even Backpack is opening with just a $300 million valuation
After the internet bubble crisis occurred
It took 3 years for the US stock market to reach its true bottom
The last wave of altcoin bubble in crypto was in 2024
That is to say, we have to wait until the end of 2027
before crypto could possibly welcome a true altcoin health bottom