Can the hot alt season come again?
Why is the alt market so stagnant now?
1. Too many new coins are launched. The recently launched ZRO ZK IO LISTA are all sucking blood. The market value of the launched coins is too high, and there are still a lot of tokens to unlock later!
2. The market liquidity is insufficient. The liquidity of alt coins has been a problem since March and April. Funds have slowly flowed into BTC and ETH
3. Most of the project parties have no pattern and do not protect the market! ! ! !
4. The current market launches new coins too quickly, and the market heat is hard to describe. The current currency circle is suitable for speculation, not for long-term hoarding of coins! ! ! You can only do short-term, and long-term is easy to be buried! ! !
Too many new coins are launched, which divides part of the market's funds. The market capital flow has not changed. There are more coins. Now all the big capital flows are expected to be institutions, such as BlackRock.
The most important thing is that the approval of ETH's ETF will bring a wave to the altcoins