Why Are #Altcoinsđđ Almost Dead? Here's the Harsh Truth.
It's not just about Bitcoin's dominanceâit's about the oversaturation of the market with countless meme tokens and projects popping up daily. Many altcoins rely heavily on marketing campaigns to drive success, often masking the fact that their growth is more about market trends than actual innovation.
Remember when a token's value skyrocketed just because Bitcoin was on the rise? Projects would release timely collaborations, updates, and announcements, making investors believe that the team was hard at work. But in reality, it was just clever marketing capitalizing on the overall market sentiment.
This cycle mirrors the music industry: an artist releases an album, backed by a PR campaign with singles, videos, and concerts. After cashing in, they retreat until it's time for the next round. In crypto, after the bull cycle and the cash grab, many projects are left forgotten. Why? Because they often lack long-term value, resembling financial pyramids more than revolutionary tech.
Projects like Starknet and $ZK are prime examples; despite the hype, they have few active users post-airdrop. Tomorrow, new projects will arise, offering similar solutions with fresh marketing spins. Many seemingly dormant projects are just waiting for Bitcoin to show signs of life before resurfacing with flashy updates, news, and partnerships to capture attention and investments once more.
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