Today we will discuss why the current altcoins cannot withstand even a little turbulence!

First, let's talk about the definition of altcoins:

Altcoin refers to all cryptocurrencies other than Bitcoin. After Bitcoin, various other cryptocurrencies began to emerge, many of which modified or innovated based on Bitcoin, while some were created to meet different needs or specific purposes. Since these cryptocurrencies usually emerged under the influence of Bitcoin, they are sometimes jokingly referred to as 'altcoins'.

The term 'altcoin' sometimes carries a certain derogatory meaning, implying that these coins are 'imitations' or 'copies'. However, some altcoins have innovated in terms of technology, functionality, use cases, etc., and have achieved significant market positions.

For example:

Ethereum: Although it initially appeared as a 'copy' of Bitcoin, it became the second-largest cryptocurrency globally by introducing innovations such as smart contracts and decentralized applications (dApp), and its platform has also driven the development of the entire blockchain ecosystem.

XRP: XRP is a cryptocurrency associated with the traditional financial system, aiming to improve cross-border payment systems through blockchain technology, which has strong practical application value.

Litecoin: Litecoin is one of the earliest 'altcoins' of Bitcoin, adjusting Bitcoin's algorithm and transaction confirmation time to facilitate faster transaction speeds, aiming to become a more lightweight and efficient cryptocurrency.

Earlier altcoins also had some technological innovations and application innovations:

Technological innovation: These altcoins attract users by offering different technical characteristics from Bitcoin (such as faster transaction speeds, smart contracts, privacy protection, etc.).

Application innovation: These altcoins focus on applications in specific industries or scenarios, such as cross-border payments, decentralized finance (DeFi), supply chain management, etc.

But the current altcoins are more about: PPT innovation! Simply put, it means writing extravagant visions, then frantically dumping afterwards!

Because there are now more coins being launched, but with poorer quality, altcoins have also become fragile!