Can we still see the altcoins with thousands of coins flying together in this round? How to operate in the current market objective situation?
1. The number of altcoins has reached a new high, with 1 million new coins born in May alone, which is twice the number of tokens on ETH from 2015 to 2023.
2. The proportion of altcoins/BTC has been on a downward trend this year and is currently close to the lowest point of the bear market.
3. The overall narrative is relatively backward, and the performance of specific narratives is significantly better than other narratives, lacking killer application innovation.
4. The altcoin market as a whole has entered the PVP stage-a general rise in Q4 of 23, more wins and less losses in Q1 of 24, and extremely dispersed liquidity in Q2 of 24, with more losses and less wins.
In summary, the market has no money, and the altcoins are too saturated to pull up, and the overall liquidity is relatively poor, which may be more difficult than the bull market in 2020. The development of anything is constantly evolving and will not remain unchanged. If you play the altcoins of this cycle according to the logic of the last round, your mentality will inevitably collapse. The characteristic of this cycle is that funds mainly flow into Bitcoin through channels such as ETFs.
The market improves, and the overall funds should also be presented on the top BTC ETH. The increase in the altcoin season may be a hot money play, and it is difficult to see the spectacular scene of thousands of coins rising together. Nearly "Jun Yang" + Wei BTC88109, then the altcoins in the second half of this cycle must be concentrated on the narrative track that can be hyped: AI, Depin, MEME!
If it is an old coin, you should choose a large exchange to go online, and it has been through a period of washing. The team is very good at hype marketing, can keep up with the market hotspots, and the main force has enough chips to pull up the distribution in the new round of bull market.
If it is a super early coin, it is best to choose a brand new asset type + profit distribution model + highly decentralized new asset.
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