Will there be no general rise in altcoins in this bull market? This is indeed a question worth paying attention to. Here are some of my analyses:
1. Insufficient participation of retail investors
Since the halving, the number of new retail investors in the market has been relatively small, and those who have entered the market are basically the old leeks. The lack of fresh blood makes it difficult for altcoins to obtain sufficient funds to promote.
2. Too many currencies and huge demand for funds
There are too many new and old coins in the market.
If there is to be a decent general rise, the amount of funds required may be very large.
In this year's market, large currencies are still the main ones, and large projects such as Bitcoin and Ethereum still attract the attention of individuals and institutions.
Will institutions be willing to allocate altcoins on a large scale in this environment? It seems not too optimistic.
3. The impact of the 413 crash
This year's 413 crash makes me feel that there are factors of human manipulation in the market.
It seems that some funds are eager to withdraw, and the process of market recovery may be very long.
This emotional suppression will lead to a lack of motivation for altcoins to rebound in the short term.
4. New coins are performing poorly
Recently, the newly launched coins have generally performed poorly. Many coins have fallen all the way, halved and halved again, lacking bottom support.
The retail investors in the market have limited funds, and whether they can continue to support these coins has become a big problem.
The funds in the market are limited, and the pressure to cash out has made the performance of many coins even more sluggish.
5. Ethereum's problem
As of now, Ethereum's performance is not ideal, and some people even think that it has become less attractive. Many people have begun to question its future development potential.
In summary, this round of bull market may not bring about a general rise in altcoins like in previous years.
Large funds are still concentrated in large coins, while the market demand and financial support for altcoins are relatively weak, and may not usher in a general rise in the short term.
