Some people may think that the boom of altcoins has come to an end, mainly because the price of Bitcoin BTC remains high, while altcoins generally experience a drop of up to 70% to 80%. This market phenomenon is interpreted as institutional funds flowing more to Bitcoin BTC, thus changing the pattern of capital allocation. In addition, the continuous unlocking of currencies with high circulation and low FDV (free float market value) further dilutes market funds. Therefore, many investors began to act cautiously and no longer blindly chase new currencies, but chose to inject funds into fully circulated MEME coins and some high-quality old coins that have stood the test of time. They believe that although the boom of altcoins still exists, it is limited to specific types, such as inscription coins with unique value, popular MEME coins, and those high-quality old coins that have been tested by the market.

However, some people hold a different view. They believe that even if mainstream currencies such as Bitcoin and Ethereum are currently at a high level, the ecosystem of the currency circle still needs the participation of altcoins to maintain its vitality and diversity. They worry that if the boom of altcoins really ends, it may affect the activity and richness of the entire currency circle. The short-term inflow of institutional funds may only be part of the market fluctuations and may not be able to support the entire cryptocurrency ecosystem in the long term.

From a more macro perspective, the trend of the cryptocurrency market should not simply copy the past bull market model. The current sharp decline in altcoins can be regarded as a normal market correction process, similar to past historical experience. The past bull market has experienced ups and downs, from the rise in October, to the sharp decline in March and April, to the rebound in May, and then to the decline in June, and finally restarted after two months of bottoming out. Therefore, for the future development of the altcoin market, investors need to be more prudent and wise when choosing and investing in different types of currencies. #美国PCE数据将公布 #币安合约锦标赛 #MegadropLista

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