A new cycle could boost sentiment and price action

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“I think we’re in a new cycle,” PitchBook’s Robert Le told me.

“In the last six months to maybe even a year we’ve been in the same cycle in terms of sentiment, increasing capital going into the space, and more developers coming and building. So last quarter, I think, maybe there was a little bit of a lull,” he added.

Le’s feeling pretty positive about the fall, and he thinks it’s just a matter of time until projects start announcing more token launches. He’s already seen plans for the third and fourth…

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