I still don't believe we've seen the heart of the bull market yet. What we saw in memes is comparable to the growth we saw in coins during DeFi summer at the early stages of last cycle. A fun mini alt season after a long bear market, that preceded and led into the next Bitcoin ATH, that led into the next wave of L1 ecosystem growth. I get it - a lot of these memecoins this cycle have hit hundreds of millions or even billion dollar market caps. In the big picture though, that's nothing. What do I mean by that? Let's look at the numbers. Each cycle peak hasn't just been defined by a large growth % in terms of the market cap of Bitcoin, but in terms of the rest of the alts in the top 100+ as well. At the Oct 2021 peak, the average altcoins ranked 5-100 in total market cap grew by an average of 350% compared to the top 5-100 coins at the Jan 2018 cycle peak. Zero coins on that list were lower than the previous cycle's comparably ranked coins. If we compare the current cycle's peak to the previous cycle's peak, the average altcoin ranked 5-100 in terms of market cap were approximately ~equal~ to one another. In fact, 47 of those ranks were actually LOWER than the previous cycle's comparably ranked coins. Entering into the most frictionless regulatory period the crypto market has seen in years, combined with the MOST support it has seen from the highest levels of the government, I have a very hard time believing that we don't see significant growth in the alt sector outside of *just* memecoins. The next leg up of the cycle will definitely have some madness in memes and NFTs, but I really believe we'll see a return to the roots of real tech and real products advancing adoption in this space.