This is something I’ve noticed in particular with the coin The Graph (GRT):
The price 1 year ago was around $0.84-0.96 each and the market cap was about $1 billion.
Today GRT is $0.16 each but the market cap is $1.1 billion
That means since there are 8x as many coins circulating, the price now is equal to what it was a year ago and would have to reach new market cap highs for the price to “recover”
Graph isn’t alone as many coins and tokens from the past year have had intense emissions and released many if not all of their coins in the past year.
Be mindful of the market cap as well as the price!