This round will not see the rise of ten thousand coins, it is a festive season for shanzhai.
Reasons:
1. The cryptocurrency market is maturing, and the survival of the fittest is a natural law. Junk coins are being eliminated to zero, and the rise of truly valuable coins is an inevitable result of a mature market; the crypto market has always been about batches of junk being eliminated, with new innovations emerging in batches as well;
2. The composition of participants in this circle is currently made up mostly of relatively mature traders. The characteristics of these traders mean they will not buy everything like the extreme beginners in the crypto world; MEME vs VC is the result of market participants voting with their feet;
3. Take a look at the TOTAL3 indicator. Although most coins are at low points, the overall volume of the indicator has already reached the range of the peak in 2021, indicating what? Although coin prices have fallen, the number of coins has increased.
