Why are new coins not doing well in this round?

The market has been quite volatile recently, and most of the copycats have drawn a door, and are about to fall back to the point of a deep bear market. (A quick word, it’s a good time to intervene)

A large number of new listings, the old-fashioned pull-up is no longer in place, except for ondo and early tia, which have low circulation and no chips unlocked within a year, which continue the tradition of pull-up. The FDV is tens or even hundreds of billions, and the big exchanges start to distribute it as soon as it is listed, and it plummets.

Why is this happening? What happened to the promise of "speculating on new but not old"?

1. The industry is gradually maturing, and strong funds are constantly exploring new profit-making strategies. Market making is a hard and tiring job, and it is a job that requires calculation, and there is a high probability of losing money. It is the most fun to directly collude with the Mao party, make data, and make a lively and bluffing game, relying on the trust endorsement of VCs and big exchanges, and directly sell air coins at a high market value.

2. We must know that the specific companies behind the stocks are often profitable or even repurchased. Therefore, the market value of most stocks on M shares is relatively stable and will not collapse in a short period of time.

Most blockchain projects are just empty cities, and people in the B circle occasionally use them, or even only wool parties are brushing data for false prosperity.

99% of crypto projects are not profitable, it is just a story, a fraudulent fund.

The essence of the exchange is a casino, and it is also one of the most obvious profit models discovered so far. At present, the hematopoietic ability of currency projects is concentrated in the stage of selling shovels, and basically serving gamblers is the most profitable.

For example, encrypted media, mining, mining machines, etc.

In terms of social breadth, that is, the so-called large-scale application, it is still very bleak.

A large number of brain-dead projects have a market value of tens of billions of US dollars as soon as they issue coins. In the past, the market value of hard-core technology companies such as Nvidia was only tens of billions for a long period of time.

Some of the large-growth targets in the last round of bull market often briefly touched high FDV when the circulation was low and the market was the most fomo, while in this round, a group of beastly projects have a market value of tens or hundreds of US dollars as soon as they come up.

Just copying the open source code, adding dozens or even a few people dare to ask for tens of billions of RMB. If you don't cut it, you are not a human being.

Therefore, this round of new B, in the case of continuous unlocking before the flood, it is inevitable that it will collapse quickly and collapse again as soon as it is listed.