Yesterday, I asked a question: "Which coins do you regret buying the most in this bull market?"
The answers are almost the same. Those who invested in altcoins regretted it.
Whether it is the old coins in the last bull market such as UNI, DOT, DOGE, or the emerging coins in this round such as ORDI, BB, and WLD, almost no one can make money.
Most of these coins have experienced long-term declines and plunges, and are upset. The layout is ongoing, and everyone is welcome to participate actively and witness the moment of miracle together.
Some people in the group are right. There are too many new coins in the market. Like the A-share market, many projects are listed just to make money.
Most of the funds are focused on a few high-quality projects, resulting in higher and higher market values of these projects, while junk coins are ignored.
Unless the market loses its rationality and is completely dominated by greed.
It is not that there is no opportunity for altcoins, but it is difficult for altcoins to find any opportunities when the market sentiment is not extremely greedy.
For example:
1. There is an opportunity only when the greed index exceeds 80.
2. All large-cap currencies have hit record highs.
3. The proportion of the top five currencies by market value has dropped sharply.
Currently, the top five currencies by market value account for more than 80% of the total market value. In contrast, all altcoins account for less than 20% of the market value.
In the late stages of a bull market, altcoins usually surge and compete for market share for a short period of time. This is a regular law of the transition between bull and bear market cycles.
Unless the market sentiment is extremely greedy, it is difficult for altcoins to find any opportunities.
In general, the chances of altcoins recovering are still far away.
#BTC☀ #以太坊ETF批准预期 #Mt.Gox将启动偿还计划 #Meme板块普涨 #MegadropLista
