The exponential increase in the number of altcoins is another version of inflation.

It's not just the number of tokens issued, the low FDV/high circulation mechanism of many newly launched projects is also a big problem.

Because this leads to a high degree of fragmentation and constant supply pressure.

All this new launch and supply would be acceptable if there was new liquidity entering the market. In 2021, there were hundreds of new launches every day, and everything was rising. However, this is not the case now. So we find ourselves in the following situation:

There is not enough new liquidity entering the market;

Huge dilution/selling pressure caused by unlocking.

Why do you think meme coins dominate this year? This is the only way retail investors feel that they have a chance.

#以太坊ETF批准预期