Cardano founder says the 2024 bull run is not much better & clearer over 2021

On Apr 10, 2024

Charles Hoskinson shared his personal opinion on the current market sentiments & situation and said that the situation is not clear to pick the best crypto projects to invest money in to make better returns.

Charles Hoskinson is the founder of Cardano (ADA), a popular Proof-of-stake (Pos) crypto network which is mainly focused on pushing blockchain technology adoption at the commercial level. Before the Cardano project, Hoskinson was working as a co-founder in the Ethereum (ETH) blockchain project but he left the project following a conflict with the core Ethereum co-founder Vitalik Buterin over the future of the Ethereum blockchain.

On 10 April 2024, Charles Hoskinson took to his personal X (former Twitter) account to share his thoughts on the current crypto bull phase with his followers.

Hoskinson said that he doesn’t know what other people think but his thought says that the current bull run is not clear enough to choose the best crypto project to invest money in & get a return with Bitcoin pump.

According to Hoskinson, this innovative sector is currently very selective in terms of picking better projects.

Not sure about you but I personally think this cycle is way harder to trade than the previous ones. You can’t just blindly ape something and expect it to go up when BTC pumps. The market had been very selective in terms of picking winners..
— CoinMamba (@coinmamba) April 10, 2024

In short, Hoskinson believes that the 2024 crypto bull run is very different from the 2021 bull run and in this situation, we can’t blindly invest in any flagship crypto asset.

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Some crypto X (Twitter) users shared their opinion on Hoskinson’s tweet and said that the majority of the crypto investors are big bulls, while small traders already grabbed huge knowledge from the 2021 bull run.

Simply the majority of the small crypto traders already accumulated Bitcoin & other crypto assets at low trade prices before mid-2023. In the present time, the majority of the buyers are big institutions.

This Crypto X user also dragged attention toward Solana network-powered Meme tokens, which grabbed huge popularity in the last couple of months.

Small crypto traders are not hesitant to invest in the meme tokens in small amounts.

It's because new retail is still not here. Most of the buyers are people from previous cycles who already learned how to be selective and critical to VC/Foundation vapourware.
That's why memecoins are so popular. There is no bullshit behind them. If they capture network effect,…
— Dragonite (@Drago_Nite_149) April 10, 2024

It is worth it to note that the last bull run was not associated with any Bitcoin halving event and also there were no big buyers in the market.

In the 2021 bull run, we saw the downfall of many crypto companies & crypto projects. The whole game started with the Terra crypto empire collapsing & in the end FTX crypto exchange collapsed badly.