The fundamental reason for the severe decline of altcoins is:
When Bitcoin rises, many people buy altcoins, and the whales are frantically dumping, selling and selling! As a result, when you look back, many altcoins have not risen as much as Bitcoin!
The whales hold too many tokens, and they keep selling, so how can the coin price rise! The same thing happens when it falls! The whales only sell coins, they don't support the market, and when you try to buy the dip, they are still dumping!!
In the past, it was not so easy to list coins in the crypto space; the market makers were very concerned about the distribution and concentration of tokens and emphasized market control. The requirements of exchanges were also stricter! In today's crypto space, Binance alone has listed USUAL PENGU CAT VANA ME MOVE ORCA ACX and so on in just one month!!!
Listing coins has become too easy; the whales only need to sell, sell, sell. If a project fails, they just need to make a PPT and move on to the next one! With USDT and resources, listing coins is as simple as drinking water! Exchanges are also inactive! If they were to enforce market support and take a firmer stance, some project teams would have no choice but to support it!!!
Altcoins would not drop so severely! Everything is the result of indulgence and negligence!
