👏👏🤙🤙In the cryptocurrency market, altcoin volatility has always been higher🤙.
Recently, altcoins have experienced a wave of sustained selling as market sentiment changes and investors adjust their strategies. According to the latest data, altcoins accounted for 21% of the entire cryptocurrency market two months ago, but now this proportion has dropped significantly to 16%.
This change reflects some of the current market trends. First of all, with the stable development and increasing market acceptance of mainstream currencies such as Bitcoin, investors may be more inclined to invest funds in these more stable and mature currencies. Secondly, as supervision intensifies and market risks increase, some investors may begin to worry about the high volatility and potential risks of altcoins. The decline in the market value of altcoins may also mean that the market is undergoing a reshuffle.
In this process, some altcoins that are weaker, lack innovation or lack market recognition may be gradually eliminated. And those altcoins with strong technical strength, good market reputation and broad application prospects are expected to stand out and become the new favorites of the market. $BTC
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