“This cycle feels different because…”


Every crypto cycle has a dominant narrative.
2017: ICO mania.
2021: DeFi, NFTs and speculative excess.
2026: Infrastructure, AI and institutional adoption.
The attention has shifted from chasing the next token to building systems that can support millions of users.
Institutions are no longer watching from the sidelines. They’re participating.
AI agents are becoming on-chain users, not just tools.
And the infrastructure is finally mature enough to support real-world applications at scale.
This cycle isn’t just about higher prices.
It feels like crypto is transitioning from experimentation to implementation.
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