Wall Street News directly said that altcoins are garbage dumps, and this bull market is led by Wall Street institutions. The altcoins have fallen so much, but the total market value of altcoins is still at a historical high.

In the last bull market, new coins were generally listed with a market value of tens of millions, while in this bull market, new coins are generally listed with a market value of hundreds of millions, and there is a continuous unlocking. So far, there has been no new ecological hotspot in Ethereum. The last round was NFT, what is this round?

In the past, retail investors speculated on coins randomly, but this round of institutional entry will not speculate on coins blindly. Coins in the AI ​​sector? Are there any landing applications? In the past, retail investors did not consider or turned a blind eye to the problems, but institutions will consider them.

In the long run, the bear market of altcoins is actually a good thing for altcoins, which can allow projects that really do things to break out. If all the future is to speculate on MEME and take advantage of hot spots, altcoins will really become a real garbage dump. In this case, there will be no general rise in the altcoin market. After this round of plunge, institutions will only pull coins with real potential and find treasures in the garbage dump.