Ansem: This crypto cycle may see the largest retail participation in history, with infrastructure and narratives already in place.

According to Odaily, Ansem posted on X that the current market is still at a stage with high growth potential, as Bitcoin (BTC) and Solana (SOL) both have considerable room to rise before reaching their all-time highs. SOL is down about 75% from its historical peak, while BTC is down about 50%. Compared to previous cycles, this cycle offers a more mature user experience and infrastructure, including a more refined mobile trading experience, easier wallet access, and improved cross-chain capabilities, making it easier for new users without crypto experience to enter the market.

Ansem pointed out that an increasing number of high-quality developers are aligning their interests through a “token + equity” model, providing investors with broader industry exposure. Meanwhile, institutions are focusing on real-world assets (RWA) and related regulatory frameworks like the US CLARITY Act, while major fintech companies such as Stripe and Robinhood entering the crypto sector are boosting market confidence. In recent years, the wealth effect from AI stocks and the success stories of meme coins during previous crypto cycles have reinforced the market’s perception of high-yield trading opportunities. Some meme coins have grown from zero to tens of billions of dollars in market cap, and currently popular meme projects like $ANSEM still have a circulating market cap of less than 100 million dollars, thus attracting speculative capital.

This cycle features both institutional-driven narratives and high-risk speculative opportunities: on one hand, mature financial applications such as perpetual contracts and RWA will attract more professional capital; on the other hand, meme coins and low market-cap token trading will continue to draw significant retail participation.

Ansem stated that as more teams launch easier-to-use mobile crypto applications and lower the entry barriers, this cycle may become the one with the largest retail participation in crypto history.