I don't think we've had a bullrun in the crypto market yet. The +20% criterion may only be appropriate for the stock market with small fluctuations. For me, the market is only recovering and accumulating before continuing to grow and enter a bullrun with strong price increases for most tokens, similar to what happened in late 2020 and early 2021.
Exactly what I said above, it really doesn't matter what I or you think or how we appreciate things or how we evaluate our portfolio, if we try to apply traditional indexes or analysis to crypto then we must also apply the basic definitions, like it or not.
So, we are in a bull market, we drop to 54k and stay there for more than 14 days we are in a bear market.
We might not think it's one but every single indicator will say it is, just as you might not call a 40C weather a heatwave because you're used to one and you feel fine, it still is!!
The same can be applied to BAT in case BAT cannot create a new ATH, but I still hope BAT will be noticed and make new ATH in 2025 thanks to the success and popularity of Brave.
Now let's assume BAT does and ATH in 2025, this would be indeed something great for holders, it would mean close to 10x from now, but if BTC is at that point at 100k or 150k would it still be considered a success?
I feel like we can't switch from long-term holding over 4-5 years and then congratulate ourselves on a sudden pump, we either focus on long-term stable investments (no no 90% of value drop) or on pump and dumps.