Analysts: The number of encryption projects with a market capitalization exceeding $100 million has decreased from 477 in November 2021 to 388.

PANews, November 13th news, crypto analyst Route 2 FI posted that in November 2021, there were 477 projects with a market capitalization exceeding $100 million, which has now dropped to 388 (including stablecoins). Their analysis is as follows: 1. November 2021 was almost the peak moment for alts in the last cycle, and this cycle has not truly seen a crazy rise in the altcoin market; 2. At that time, low circulating supply and high Fully Diluted Valuation (FDV) tokens were uncommon, and if we rank the number of projects with a Fully Diluted Valuation exceeding $100 million, this number should be higher than in 2021; 3. Liquidity and funds are increasingly concentrated towards fewer, larger projects, which means that even if the total market capitalization rises, small alts are difficult to achieve high valuations; 4. After several rounds of speculative cycles, retail investors and institutional investors are more cautious, tending to favor tokens and ecosystems that have practical value and have been validated, rather than speculative tokens. In addition, the analyst mentioned that there were 1153 projects with a market capitalization exceeding $10 million in 2021, while this number is now 1227, and they originally thought this number would be higher.