bear markets and dips are very important because it starts to weed out all of the trash and redundant projects. For example we have $32000000000+ worth of memecoins, which are basically worthless, and there are 70+ smart contract chains. That is just too many. A LOT of those need to die and the market needs to pick winners so that we can move forward with further growth. It is much better to have the kids who invest in cartoon dog shitcoins to get rekt so they learn their lesson and stay away, and narrow the number of smart contract platforms down to 3 main chains with 2-4 second tier chains, so that the money is not spread so thin.

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