A year ago, USDT's circulating market value was $83.2 billion, and now it is $112.7 billion, an increase of $29.5 billion. USDC, on the other hand, rose from $28.4 billion to $32.6 billion, an increase of $4.2 billion. The total increase of the two in one year is $33.7 billion.
The total amount of stablecoins to a certain extent represents the total amount of liquidity in the market. The amount of stablecoins has increased so much but the market has not risen much! The reason is that too many new coins have been launched in the past year, such as ZRO, LISTA, ZK, IO, NOT BB, REZ, OMNI, TAO, SAGA, etc. Each coin is worth hundreds of millions or even billions of US dollars!!!
At least 50% of the incremental funds were sucked away by these new coins, and another part was the selling pressure caused by the unlocking of new coins. ARB was launched in March 2023, with an initial circulation of 1.275 billion. Calculated at a price of 1.25 USDT, the initial circulation market value was 1.02 billion. The current circulation quantity is 3.232 billion! The current circulation market value of ARB is 2.46 billion, but the token price has fallen by about 40%. If the increase in the circulation market value is understood as a net inflow of funds, but the holders are still losing money, then the funds can only flow to the unlocked part.
Recently, many people have been feeling uncomfortable with the current market situation. BTC and Ethereum have been fluctuating, and most of the altcoins have been falling rather than rising. Bitcoin has also been frequently exploding with both long and short contracts based on news. Under such circumstances, it is difficult for retail investors to get a good return in the currency circle!
The current cryptocurrency world is different from the previous one. Don’t always think about the copycat season. In the past, there were fewer coins in the cryptocurrency world, with a small market value, and it was easy to pull the market. Now there are many new coins and tracks. It was easy to increase tenfold or fivefold in the past, but now it is difficult for many coins to double!!!
People’s thinking should change according to the environment. When the market changes, thinking should also change. You can exchange time for yield, such as selling a certain amount when it rises by 30%, selling a certain amount when it rises by 50%, or doubling the investment. Instead of blindly pursuing the big bull market in the copycat season! It’s definitely right to be a scumbag in the cryptocurrency circle!
Chong Ge communicated with an old player in the cryptocurrency circle. He made more than 2 million in the last bull market, and later bought a car and a house. At that time, he was also led by someone. In this bull market, he took 100,000 to enter the market again. He found that it was completely different from the previous cryptocurrency circle. It is not feasible to hold on to it. You have to do it in waves. Now he is ready to readjust and recharge 200,000 to enter the market!!
As long as you change your mindset, everything is not that difficult. If there is no road in the world, it will become a road when more people walk on it.
