Why didn't there appear a phenomenon-level altcoin that was dozens of times larger in this bull market?
In this wave of market, the market rose from 15,500 to 73,000, an increase of almost five times, and Ethereum rose from 1,000 to 4,000, almost four times
However, some altcoins with underlying foundations did not perform well, so this wave of bull market is different from the previous one. We will find that the market value of the 100-fold coin in the last bull market was only 10 million, and it only increased 100 times to 1 billion.
And now the new coins in this bull market are 10 billion or billions of US dollars. They open high and go low to cut leeks and then release locked coins. More and more dealers and institutions come in, and the dog dealer's routines are constantly upgraded, but they are cleverly diverted by high fdv and a huge number of new projects.
The funds required for the copycat bull market are 10 times that of the big bull market in 21 years. What is the concept of 10 times of 1 trillion? 10 trillion, how much can this make BTC rise? But the BTC ETF passed and brought more than 10 billion US dollars.
When everyone buys new and not old, the dog dealer directly launches coins with a market value of billions of US dollars, and new coins are launched every week or even every day, so you can't buy them all.
From this decline, we can see that the funds in the market have withdrawn too much, and many new coins have fallen by about 50%. If the previous profits are not sold, you will still lose money.
Now the dog dealers are also smart, using high-dimensional attacks on retail investors and using retail investors' cognition to make money from retail investors, so everyone should be very cautious about the new coins now. Those who get rich quickly are basically those who get airdropped from the primary market. On the other hand, there are very few excellent performances in the secondary market. It is not that there are no good coins, but most of them are average.
Therefore, it is recommended that everyone should focus on Bitcoin and Ethereum as the main and altcoins as the auxiliary. Just buy in batches every time the big cake drops by more than 10%. The altcoins also only focus on the leaders. Don't go all in on a single altcoin, unless you have enough understanding of the project party and know its subsequent plans and trading methods, otherwise the heavy position will be washed out sooner or later.