Why is the current altcoin market stagnant? There are mainly the following reasons:
1. The launch of new coins such as ZRO, ZK, IO, LISTA, etc. is like a hungry vampire. Their high market value and a large number of unlocked tokens have grasped the hearts of investors like claws. Many people have insufficient funds. Once a new coin comes out, they have to cut their losses or sprint. The altcoin market has fallen with it, as if the funds in this circle are a bottomless pit!
2. The liquidity of the market has been insufficient as early as March and April in the spring, and funds have gradually flowed to Bitcoin and Ethereum.
3. Many project parties lack long-term vision and are even more unwilling to protect the market!
4. The current new coins in the currency circle are rapidly launched, and the market heat is self-evident. Today's currency circle is suitable for short-term operations, and long-term holdings are easily buried by the market!
5. The large-scale outflow of GBTC funds and the crazy selling of small mines have put huge market pressure! The only hope at the moment is that institutions and Bailey will increase their positions, especially the passage of Ethereum ETF, which may bring a strong flow of funds to the market. The liquidity of the market has not improved, everything is still a mirage!
