This round will not see a massive launch of coins; it's a festive season for everyone.
Reasons:
1. The cryptocurrency market is maturing; 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 market maturation. The crypto market has always had cycles of eliminating junk and then witnessing waves of innovation.
2. The composition of participants in this space currently consists mostly of more mature traders. The characteristics of these traders determine that they will not buy anything like the extreme beginners in the coin circle; the MEME vs VC situation is a result of market participants voting with their feet.
3. Looking at the TOTAL3 indicator, although most coins are at low points, the overall size of the indicator has already reached the range of the 2021 peak. What does this indicate? Although coin prices have decreased, the quantity of coins has increased.