Will altcoins experience a full breakout?
It is highly unlikely that we will see the same all-around surge as in 2021 for three main reasons:
Continuous wave of unlocks: Tokens from projects with low circulation and high FDV continue to unlock, leading to heavy selling pressure.
Excessive growth on the supply side: The industry's infrastructure is further improving, lowering the barriers to entry for startups, and new projects are being overissued.
Insufficient growth on the demand side: There is a lack of attractive new business models, and most sectors struggle to achieve product-market fit, which fails to stimulate demand for altcoins.
Therefore, this bull market will not experience the same all-around surge as in 2021; the altcoin season will only belong to a few tokens. Finding cost-effective and suitable targets also requires a bit of luck.
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