Why are the altcoins in the market now dead? The main reasons are as follows:
1. Too many new coins are listed on the exchange, and the new coins are not strictly reviewed. Three new coins have been listed in the past three days, ZK, ZRO, IO, and lista. The market value of the new coins is too high, false propaganda is serious, and the number of tokens unlocked is huge.
2. Insufficient market liquidity, too many altcoins, serious blood sucking of primary and secondary altcoins, ETFs slowly flow into BTC and ETH through funds, and altcoins lack liquidity.
3. Most project parties have no pattern, they sell them as soon as they go online, and basically do not protect the market. The old coins disappear and they are directly replaced by new coins to continue harvesting.
4. The market hype disappears, and the market falls at the slightest disturbance. Value coins and fans do not take over each other. It is difficult to hoard coins in the market now, and the long-term is directly zero.
The only hope for the market is that institutions work together to pull the market, and Ethereum ETF will increase liquidity through trading, the war will end, interest rates will be cut, and the presidential election will begin!