The reasons for the underperformance of altcoins are as follows:
1) Attention has been largely focused on Bitcoin and Ethereum due to approvals from key regulators
2) The issuance of new tokens this year has diluted available capital and attention
3) The market has been more cautious about tokens with large unlocks by private investors, which could exacerbate selling pressure for the rest of the year
As often happens in underperforming markets, we are seeing token commoditization and an inability to adequately differentiate between protocols with stronger and weaker fundamentals.
If you can't find your way around the coin circle and don't know what coin to buy, please find me at Zui Ye Brief and share more information and strategies related to the coin circle for free.
As investors, it is important that we don't fall into the same trap and generalize. As prices and sentiment begin to rebound, this phenomenon provides an excellent opportunity for coin selection.
