Where have the altcoins gone?
1. The number of altcoins has reached a new high, and the number is jaw-dropping.
2. Since the beginning of this year, the market share of altcoins has continued to decline, and is now close to the lowest point of the bear market.
3. The overall narrative of altcoins lags behind, lacking killer application innovation.
4. The altcoin market as a whole has entered the stage of player-to-player competition: a general rise in Q4 of 23, and most profits in Q1 of 24. Click the main leaf to follow the public account: Bifangshe, free entry, and extremely scattered liquidity in Q2 of 24, with more losses than profits.
In summary, the market is underfunded, altcoins are oversaturated, and overall liquidity is poor. Compared with the bull market in 2020, it is now more difficult. Without interest rate cuts, there will be no big bull market.
