Why are the altcoins in the market now dead? The main reasons are as follows:
1. There are too many new coins listed on the exchange, and the new coins are not strictly reviewed. In the past three days, three new coins have been listed, 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. The market liquidity is insufficient, there are too many altcoins, and the first and second-level altcoins are seriously sucking blood. ETFs slowly flow into BTC and ETH through funds, and the altcoins lack liquidity.
3. Most project parties have no pattern, and they sell them as soon as they go online, and basically do not protect the market. When the old coins disappear, they will directly replace the new coins and continue to harvest.
4. The market hype disappears, and the market falls at the slightest disturbance. The value coins and fans do not take over each other. It is difficult to hoard coins in the market now, and the long-term will directly return to zero.
The only hope for the market is that institutions work together to pull the market, and the Ethereum ETF will increase liquidity through trading, the war will end, interest rates will be cut, and the presidential election will be held!
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