i usually use the ball hitting the ocean analogy, at 20k we are kinda under the water and it may gravitate back to 30k and sit on the water before it starts to inflate with helium again. May do but excitement has gone away and people are scared. What happened to Luna will stick in peoples minds for a long-time yet. Crypto has and always will be sort of binary.
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There is no way to calculate the value of these protocols and thus the token values. Hence, the token valuations are speculative. Market psychology.
I trade using mainly psychology. :)