I think the analysis is spot on!

Ansem: The infrastructure and market sentiment have the conditions in place, and this crypto cycle may see the largest-scale retail participation yet
On July 20, crypto KOL Anse posted that although the current market is still in a pullback phase, this cycle has multiple conditions that could drive mass retail participation.
Ansem said that Solana is currently down about 75% from its historical highs, and Bitcoin is down about 50% from its highs, but the industry’s infrastructure and user experience have improved significantly compared with the previous cycle, including more mature mobile trading experiences, more convenient cross-chain functions, and lower barriers for new users to enter.
He said that in this cycle, more high-quality developers are building projects by combining tokens with equity, while institutional interest in RWA (real-world assets), regulatory frameworks related to the 《Clarity Act》, and crypto initiatives from traditional tech companies such as Stripe and Robinhood is continually growing.
Ansem believes that the surge in AI stocks over the past few years, as well as cases in the crypto market where Meme coins create wealth effects, are increasing the market’s focus on short-term trading opportunities. Previously, some Meme coins started from zero and reached market caps of several tens of billions of dollars, while today’s popular Meme projects are still in the relatively low circulating market-cap stage.
He said that as the development of perpetual contracts, institutional-grade trading products, and trading ecosystems for Meme coins and low market-cap tokens continues, this cycle may attract both institutional investors and high-risk retail participants at the same time.
Ansem said that if the team can successfully advance its mobile-app rollout, it will further attract new users who previously stayed out of the crypto market due to operational complexity, helping make this cycle one of the largest retail-participation cycles. $ETH
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