Murad reveals: Why haven't altcoins exploded yet?

American household savings are decreasing, but the spring of altcoins has not yet arrived!

Financial tycoon Murad Mahmudov said that because American household savings have bottomed out, altcoins have not become popular yet. Data from the San Francisco Federal Reserve also said that Americans have spent all the money they saved during the epidemic. At that time, people didn't consume much, so they saved more, up to 2.1 trillion US dollars!

Although the job market is still good now and people can continue to spend money, the financial reports of large companies such as Amazon show that consumers are now starting to spend money carefully. Mahmudov believes that in this situation, Americans are unlikely to spend money on those high-risk altcoins.

He said: "In this environment, it's good to have a good performing crypto project that can become popular occasionally." He also pointed out that there are too many altcoins, and the number and market value of each new coin are rising.

Compared with 2017, the current market size is much larger, and more capital must be invested to make money. At that time, it was also much more difficult to launch new coins. It seems that altcoins will have to wait for a while before they become popular.

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