Do altcoins still have a chance to explode? The analyzed data makes you think deeply!
Let's take a look at the data first:
1. The current price of Bitcoin is 64,000, and the entire market value has reached 1.2 trillion, accounting for 53% of the market share, while the total size of altcoins is only more than 1 trillion.
2. Looking back to 2020, Bitcoin was only 11,000, with a market value of 258 billion, accounting for 58% of the market, and the market value of altcoins was only 183.2 billion at that time. Then, when Bitcoin rushed to 60,000, it rose 6 times at once; altcoins also followed the scenery, and the total market value also doubled 6 times, rising to a little more than 1 trillion.
3. But look at these altcoins now, especially those L2, new narratives, etc., their total size is actually almost the same as the high point of the last bull market! It's really scary!
Then let's think about three questions.
1️⃣ If this 1 trillion wants to increase 10 times and become 10 trillion, how much money will it take to promote it?
2️⃣Many of the new coins issued in the bear market and the early stage of the bull market have low circulation and high unlocking. Think about it, by next year, especially in the second half of 2025, how much money will be needed to take over those large amounts of unlocking and selling?
3️⃣ Let's assume that if the total market value of altcoins can reach a peak, such as 3 trillion US dollars, then on average, there is only about 3 times the room for growth. So, it is really difficult for most altcoins to make 10 times the profit.
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