On the Current Dilemma and Future Trend of Altcoins
Overview: Altcoins face two major challenges in this round of cryptocurrency bull market:
There are many types of altcoins, which leads to the dispersion of funds and attention.
Many investors missed the opportunity to buy Bitcoin at a low price, and historical cycles indicate that the market may usher in a reversal.
1⃣ There are too many altcoins, and market funds cannot cover them. In addition, institutions and project parties hold a large number of tokens, resulting in oversupply, and many projects face funding difficulties and bleak prospects. This is an inherent problem.
2⃣ Many investors missed the opportunity to buy Bitcoin at a low price. According to historical laws, when most people buy altcoins at a low price, the market is often overly optimistic, and things will turn around when they reach the extreme. Although the consensus of those who miss out may drive altcoins to rise in the short term, the upside is limited. We need to learn to stand on the opposite side of the market to get a more comprehensive perspective.
3⃣ At present, some investors believe that altcoins cannot rise again, but this view has not yet become mainstream. After a period of adjustment, the altcoin season is likely to come again, although the situation is different from before.
4⃣ When the market is negative about altcoins, some altcoins may become good investment opportunities. We need to learn to stand in line and choose those projects with potential instead of blindly following the trend.