Layer 1 Blockchains performed better than low cap altcoins

Is there something new in this bull cycle that the altcoins are not performing well and are still dry? Layer 1 Blockchains have performed way better than rest of the altcoins.

This bull cycle is giving out a different vibe than the ones we have seen before. Lot of inflows were seen in big projects while the altcoins with low cap still have low liquidity and no serious gains. Your crypto portfolio with big market cap projects would have performed way better than 50x/moon coins.

What could be the reason?

1) Experienced investors are reducing risk and going after high liquidity.

2) New retail investors have not entered this bull cycle.

3) Lot of people with shitcoins have converted them into heavy weight coins.

4) Are we becoming smart :D

Historical Performance Source: https://botsfolio.com/crypto-investment-calculator/premade-portfolio?premade-coin=Layer-1-Blockchains&period=5+year

https://preview.redd.it/c3czdokd1m8d1.png?1481&format=png&auto=webp&s=c110060f52003666eef74af5e7bdfc5863091ba8