Why are many people focused on the past All Time High prices?

All of you need to stop looking at All Time High prices of any cryptos and stop dreaming that your crypto will be a 50x or 100x bagger. Focus instead on the All Time High of marketcaps. Use either the Coinmarketcap or CoinGecko website and look at the graphs of each coin/token. Change the ‘price’ to ‘marketcap’, and change the time frame from ‘1 day’ to ‘ALL’. You can then estimate how many times a coin/token needs to go up in order to reach its All Time High Marketcap again. I looked at many popular cryptos with real use cases, and they only need to go up 4-6 times to reach the previous All Time High Marketcaps. Of course All Time Highs are made to be broken. But use it as a guideline.

Your question may be, why cannot a crypto reach its previous All Time High Price? It most likely will not because there are more coins/tokens in cirulation. The circulating supply is at or near the Total or Maximum supply. (Four years ago during the last bull run, they were no where near the total or maximum supply). In other words, if we were talking about shares of a company, the shares have been diluted.